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

1303, 2019

Sector group wants urgent update on JamaicaEye cameras

Winston Lawson, the president of the Montego Bay Chamber of Commerce and Industry (MBCCI), wants a swift update on plans to install some 300 new security cameras in St James under the JamaicaEye initiative.

The call comes against the background of

1203, 2019

Damage to CAL aircraft to be covered by insurance

Caribbean Airlines (CAL) says the cost of repairing its aircraft which was damaged last week at Piarco International Airport in Trinidad will be covered by insurance.

The cost is still being assessed.

The plane was being operated by

1103, 2019

NHT plans 8,640 new housing starts

THE National Housing Trust (NHT) will undertake 8,640 housing starts for fiscal year 2019/20, exceeding the total number of housing for the three-year period 2012-2015 combined.

The data was revealed by Finance Minister Nigel Clarke who opened the budget debate

1103, 2019

Microloans to be tied to Treasury rates – New bill seeks to end predatory payday lending practices, license operators

The microfinancing bill that will bring small lenders under the regulatory umbrella of the Bank of Jamaica has been tabled in Parliament by Minister of Finance Dr Nigel Clarke, who says it’s meant to bring order to the market and