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

1803, 2019

CDB says economic outlook for the region is “positive”

BRIDGETOWN, Barbados, CMC – The Caribbean Development Bank (CDB) says despite projections of deceleration in global economic activity, the 2019 economic outlook for its borrowing member countries (BMC) is positive.

“CDB is projecting that real GDP (gross domestic product) growth will

1603, 2019

Mark Golding attacks Jamaica’slow growth and inequality

Shadow Finance Minister Mark Golding began his budget speech yesterday by noting “the burning issue of low growth”, observing that even what he called the “modest but achievable” growth targets the last PNP Administration had set for the years

1603, 2019

Highlights from budget speech by Minister of Finance Nigel Clarke

PUBLIC PROCUREMENT REFORM

Public procurement reform, pursued over the last five years, will come into force in the next financial year.

I remind this House that the Public Procurement (Amendment) Act was passed in August, 2018 and two sets of related regulations

1603, 2019

Clarke welcomes Massy’s insurance arm to Jamaica

Minister of Finance and the Public Service, Dr Nigel Clarke (third right), joins David O’Brien (second right), chairman, and other executives of the newly formed Massy United Insurance, Jamaica, to cut the ribbon at Wednesday’s launch at the Pan