Latest Industry News

IAJ President – Peter Levy- Motor Uninsured
Managing Director BCIC- Speaks on the amount of uninsured motor vehicle on the road in Jamaica and the dangers it creates for the insured driver.

IAJ President – Peter Levy- General Uninsured
Managing Director BCIC- Speaks on the amount of the uninsured population in Jamaica.

Past Statistics:

Life Insurance (2016-2017)
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General Insurance (2014-2015)
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Claims Payout (2012-2013)
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General Insurance (2014-2015)
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Statistics on The Insurance Sector.

The insurance industry in Jamaica is one of the largest in the Caribbean. In 2017, Jamaica’s insurance sector had over 795 Sales Representatives in Life Insurance servicing among 6 life insurance companies. In 2017, Jamaica’s insurance sector had over 500 Sales Representatives in General Insurance servicing among 10 general insurance companies. Learn More >

Industry Statistics

MOTOR INSURANCE

PROPERTY INSURANCE

HEALTH INSURANCE

RETIREMENT INSURANCE

3009, 2019

Holness reiterates call for concessionary financing for CARICOM

UNITED NATIONS (CMC):

Jamaica yesterday reiterated a call for concessionary financing for Caribbean Community (CARICOM) countries, saying that the present policy was severely hampering the socio-economic growth of the 15-member regional grouping.

Addressing the 74th session of the United Nations General Assembly,

3009, 2019

Don’t outprice J’cans from owning homes, expert warns

WESTERN BUREAU:

Jamaica Bankers Association President Jerome Smalling is warning that care must be taken to ensure that Jamaicans are not outpriced out of owning their own homes.

In a plea to real estate developers, Smalling said that he was encouraging them

3009, 2019

Ganja exports, IPOs touted as SAFE winners – Jamaican ganjapreneurs cheer prospects for marijuana trade from new US banking bill

A new legislative bill in the United States is paving the way for banks to do business with marijuana companies, a development that has sparked hope among Jamaican ganjapreneurs that correspondent banking issues and other roadblocks to business may soon

3009, 2019

S&P rating upgrade a positive development for economy – PSOJ

The Private Sector Organisation of Jamaica (PSOJ) has welcomed the recent upgrade of Jamaica’s sovereign credit rating from ‘B’ to ‘B+’ by Standard and Poor’s Ratings Agency (S&P).

PSOJ President Keith Duncan stated that the upgrade is a positive development for Jamaica.

“The