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)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

Claims Payout (2012-2013)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

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

Jamaica’s trade deficit reaches $4.2 billion – STATIN

The Statistical Institute of Jamaica (STATIN) is reporting that the country’s trade deficit for 2018 amounted to $4.2 billion.

That was a 1.8 per cent increase over 2017.

STATIN says expenditure on imports amounted to $6 billion which

903, 2019

Pension increase for government pensioners this year

1:23 pm, Wed February 27, 2019

Government pensioners are scheduled to receive an increase in the upcoming financial year, following approval by Cabinet.

Information Minister Ruel Reid made the announcement Wednesday morning at the Post-Cabinet Press Briefing.

He did

903, 2019

BOJ cuts cash reserve ratio, interest rate

The Bank of Jamaica, BOJ, will be reducing the cash reserves that deposit-taking institutions are required to hold against their prescribed liabilities by three percentage points to nine per cent, effective March 1.

The move is being made as part of

903, 2019

Jamaica’s trade deficit increased to US$4,246.8 million for the period January-December 2018.

The International Merchandise Trade (IMT) presents the value of goods entering and leaving Jamaica.
The Jan-Dec 2018 Interna>onal Merchandise Trade Bulle>n outlines addi>onal informa>on and may be obtained from the Sta>s>cal
Ins>tute of Jamaica’s ?ebsite at ???.sta>n@a.gov.@m or from the Ins>tute’s Library