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

3107, 2019

Jamaica’s FX market no longer a one-way bet

In his presentation at the well attended Bank of Jamaica (BOJ) Foreign Exchange Market symposium last Wednesday, Canadian central banking and financial risk management consultant Sylvain Choquette argued that Jamaica is in a “new environment” where “the foreign exchange

3107, 2019

Sagicor launches new website

SAGICOR, the regional financial services company, launched its newly redesigned website, Sagicor.com.

The new site features a streamlined, modern design, improved functionality, and easy access to essential information and solutions to help potential and existing customers as well as shareholders make

3107, 2019

New FX trading platform expected by 2020

From left: Dr Nigel Clarke, finance minister; Richard Byles, Incoming BOJ govenor; Dr Constant Lonkeng Ngouana, IMF resident representative; and John Robinson share a chat before the starting of the foreign exchange market symposium held recently at the Bank

3107, 2019

Imminent pension plan reforms will allow them to invest in a wider range of assets

On Tuesday, July 23, 2019, Minister of Finance and the Public Service Dr Nigel Clarke moved amendments to the Pensions (Superannuation Funds & Retirement Schemes) (Investment) (Amendment) Regulations 2019, which were passed by the House of Representatives.

These amendments will broaden