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

903, 2019

Sentencing postponed for farmer who faked his death

THE sentencing of a Clarendon farmer who faked his death to collect on a $17-million insurance policy was postponed to later this month, when he appeared in the Kingston and St Andrew Parish Court yesterday.

Kim Wayne Phillips’ sentencing was rescheduled

903, 2019

Sagicor Foundation takes health tour to adopted schools

More than 110 students from the Sagicor Foundation’s three adopted schools benefited from free health tests conducted during a three-day health tour, which provided hearing, vision, and oxygen -saturation checks.

The health tour, an

903, 2019

Almost $2b for MSMEs

The Holness administration has committed almost $2 billion in the upcoming fiscal year to provide a shot in the arm for the micro, small and medium enterprises (MSMEs).

According to Finance Minister Dr Nigel Clarke, $1.8 billion will be made available

903, 2019

Santa Clarke – Tax cuts, duty abolition to spark $14b stimulus package

A $14-billion stimulus package is the centrepiece of the Government’s 2019-2020 Budget.

Finance Minister Nigel Clarke announced a raft of tax-relief measures aimed at boosting economic activity by promoting business start-ups and removing fiscal impediments to business operations.

As of April 1,