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

2403, 2019

US$25M project for SMEs, start-ups

PRIME Minister Andrew Holness has announced that a total of US$25 million (J$3.1 billion) will be invested in a project designed to finance and aid innovation, entrepreneurship and economic growth of the micro, small, and medium-sized business sector over the

2403, 2019

Guardian Life makes record profits for 20th anniversary

FOR the first time in its 20-year history, Guardian Life Limited has achieved a consolidated net profit of $6.9 billion.

The announcement was made by Eric Hosin, president, Guardian Life, during the company’s 19th Annual Awards Ceremony hold on Saturday, March

2403, 2019

Scotia lowers mortgage rate to 6.99%

SCOTIABANK has lowered its mortgage rate to 6.99 per cent effective last Friday, March 15.

The interest rate, which is the lowest among local banks and building societies, falls in line with interest rate of 6 per cent now offered at

2403, 2019

US$25M project for SMEs, start-ups

PRIME Minister Andrew Holness has announced that a total of US$25 million (J$3.1 billion) will be invested in a project designed to finance and aid innovation, entrepreneurship and economic growth of the micro, small, and medium-sized business sector over the