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

1103, 2019

New role for JCCUL

As credit unions creep slowly towards oversight by the central bank, which is now expected to take effect in July, the movement’s umbrella group that acted as watchdog is trying to carve out a new direction for itself as a

1103, 2019

Oran Hall | Retirement savings options for the self-employed

The self-employed have several options to build up financial resources for retirement – the Approved Retirement Scheme, unit trusts, managed funds and self-managed investment portfolios, most of which can deliver tax-free investment returns.

The Approved Retirement Scheme is a private pension

1103, 2019

Realtors anticipate spike in business from tax giveback

Real estate experts are gearing up for more business, with the reduction in taxes on property transactions announced Thursday by Finance Minister Dr Nigel Clarke.

The giveback comes at time when the sector is experiencing a slight softening of the market

1103, 2019

BOJ forecasts inflation challenges into 2020

The Bank of Jamaica (BOJ) in an assessment carried out in December and published in its annual report last week, says that there is some risk that headline inflation would fall below its target at various times during 2019 and