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

1805, 2023

‘I am honoured’

SANIKA ROBERTS started her journey as an educator with a non-profit organisation in 2013 and then transitioned to the public education system four years ago.

She smiled from ear to ear on Monday afternoon as she accepted a cheque for $100,000

1805, 2023

No take-up for fisherfolk insurance policy

THE SAFETY Net insurance policy launched two years ago to provide coverage for registered fisherfolk vessels, engines, and equipment has had zero uptakes, a representative from Advantage General Insurance Company, the entity that provided the insurance, has disclosed.

According to the

1705, 2023

Caribbean leaders interested in adopting Tourism Workers Pension Scheme

ST JAMES, Jamaica – Jamaica’s groundbreaking Tourism Workers Pension Scheme could become a model for other Caribbean countries, following interest shown by some regional leaders in adopting the initiative.

Minister of Tourism Edmund Bartlett said that regional heads attending

1705, 2023

Inflation returns to target range at 5.8%

The price of goods and services fell for the month of April 2023, causing the country’s annual inflation rate to settle within the Bank of Jamaica’s target range for the first time in two years.

Consumer prices dropped by 0.4 per