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

Oran Hall | The tools of estate planning

Estate planning is the process of acquiring, using, and preserving assets during your lifetime and arranging your affairs to transfer your assets effectively to your heirs and beneficiaries during your lifetime or after death.

When done well, it makes it easier

3107, 2019

NCB assets top $1.5 trillion – Jamaica’s top banking group considering prospect of raising fresh capital

Banking conglomerate NCB Financial Group Limited is weighing the possibility of raising additional capital as buffer for its enlarged Caribbean operation that has now surpassed a trillion dollars in assets.

It’s the first listed Jamaican company known to hit that milestone.

The

2507, 2019

Reggae Sumfest 2019 generates $1 billion

Tourism Minister Edmund Bartlett has said $1 billion was generated during the just concluded Reggae Sumfest held at Catherine Hall in Montego Bay, St. James.
Mr. Bartlett said this year was arguably the biggest festival in terms of attendance from local

2507, 2019

IMF says Jamaica’s reduction in unemployment rate ‘a tremendous achievement’

Dr. Constant Lonkeng Ngouana, Resident Representative of the International Monetary Fund (IMF), has described the reduction in Jamaica’s unemployment rate to 7.8 per cent as a tremendous achievement.

Noting that the rate was approximately 16.3 per cent at the start of