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)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

Claims Payout (2012-2013)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

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

2709, 2019

New survey negates interest rate as primary barrier to bank loans

Few local businesses in urban centres have ever accessed a business loan or even have internet connectivity, according to new findings from the Jamaica Survey of Establishments conducted by the Statistical Institute of Jamaica (Statin) and published by the Planning

2709, 2019

Shift in weather pattern putting pressure on infrastructure – Holness

Prime Minister Andrew Holness has noted that the island’s infrastructure has become obsolete and is not able to withstand current weather events.

“Jamaica is now experiencing longer and more intense periods of drought, followed by shorter and more vigorous rainfall in

2709, 2019

US House passes bill giving marijuana businesses access to banking

The U.S. House of Representatives passed a bill Wednesday that would grant legal marijuana businesses access to banking, a measure that would clear up a longstanding headache for the industry.

The bill, called the SAFE Banking Act, passed 321-103 on the

2609, 2019

PSOJ calls for cohesive response to address lawlessness

KINGSTON, Jamaica — The Private Sector Organisation of Jamaica (PSOJ) says yesterday’s strike action by some taxi operators and Jamaica Urban Transit Company (JUTC) bus drivers has exposed deficiencies in the country’s public transportation system and resulted in the loss