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

505, 2019

NCB seals the Guardian deal

AFTER some 17-months of twist and turns with legislators and minority shareholders, NCB Financial Group has now closed the offer to takeover regional insurance giant, Guardian Holdings Limited (GHL).

NCBFG’s success in the transaction comes a day earlier than its

305, 2019

NCB lands one of three licences needed for Guardian takeover

One of the three licences needed by NCB Financial for the takeover of Guardian Holdings Limited has been granted by Trinidad’s Finance Minister Colm Imbert under the Foreign Investment Act.

There were no updates on the other two licences, which are

305, 2019

Cedric Stephens | Self-driving cars and motor insurance

ADVISORY COLUMN: INSURANCE

QUESTION: I had an extended stay in the United States recently. The best part was using a family member’s self-driving vehicle. Despite my strong desire not to cede control to the automated systems, I allowed the vehicle to

305, 2019

Fed leaves rates unchanged

The United States Federal Reserve left its key interest rate unchanged and signalled no rate hikes are likely in coming months.

The move, which was widely expected, comes amid signs of renewed economic health, but unusually low inflation. The announcement reaffirms