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

Guardian breaks ground for $4B apartment complex

(From left) Michael Lake, managing director, Michael Lake & Associates; Dr. Morais Guy, Opposition Spokesman, Housing; Julian Robinson, Member of Parliament for St Andrew South Eastern; Andrew Holness, prime minister; Eric Hosin, president, Guardian Life Limited; Septimus Blake, chief

2003, 2019

NHT to upgrade 49 housing schemes — Holness

KINGSTON, Jamaica — The National Housing Trust (NHT) is to undertake infrastructure upgrading at 49 housing schemes across the island at a cost of more than $2.5 billion.

Prime Minister Andrew Holness made the announcement during his contribution to the 2019/20

2003, 2019

Over 1,000 feared dead after cyclone slams into Mozambique

JOHANNESBURG (AP):

More than 1,000 people were feared dead in Mozambique four days after a cyclone slammed into the country, submerging entire villages and leaving bodies floating in the floodwaters, the nation’s president said.

Cyclone Idai is believed to be the most

2003, 2019

Scotia sets up $3b loan fund, cuts rates to drive business

Scotiabank Jamaica has set up a $3 billion fund from which it will issue loans to small businesses at a special rate of 9.99 per cent.

The bank has also adjusted its loan rate for residential mortgages to 6.99 per cent,