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

2409, 2019

New international accounting rule to affect insurance companies

From left, Wilbert Spence, KPMG in Jamaica partner and head of corporate citizenship; Chris Brundrett, IFRS specialist; and Sandra Edwards, KPMG in Jamaica partner, listen intently to Dale Brown, IFRS specialist at the KPMG in Jamaica’s Annual IFRS Update

2409, 2019

Asset tax for financial institutions to be abolished

Finance and Public Service Minister, Dr Nigel Clarke has committed to abolishing the asset tax, which still remains imposed on financial institutions.

In his first budget presentation back in April, Minister Clarke announced the abolishment of the asset tax payable

2409, 2019

Jamaica calls for partnership approach to financing impact of climate change

UNITED NATIONS (CMC) – Jamaica says it believes a partnership approach is required in order to generate the type of response needed to create long-term mobilisation of the financial resources small island developing states (SIDS) urgently need to deal with

2109, 2019

Petal blooms for road safety

HANOVER is known for its long stretch of white sand beaches, sugar cane, and proliferation of motorcycles. Petal Gayle, 26, is one of those motorcycle drivers.

She was one of 21 participants, and only female, attending Youth Innovation Centres motorcycle safety