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

2202, 2019

What is Petrojam’s real vaue?

In Parliament this week, newly appointed Minister Fayval Williams caused a stir when she revealed that Petrojam has lost almost US$100 million in value between 2006 and 2018. Williams reported that the same firm that had valued Petrojam in 2006

2202, 2019

Jamaica’s budget is really tight in 2019 when analysed properly

On February 14th, Minister of Finance and the Public Service, Dr Nigel Clarke tabled the 2019/20 Fiscal Year budget. He revealed that the Government of Jamaica (GOJ) budget was $803 billion, with just over $731 billion allocated for what

2202, 2019

Macroeconomic prospects remain positive, BoJ governor says

KINGSTON, Jamaica — Bank of Jamaica (BoJ) Governor, Brian Wynter, says the country’s macroeconomic prospects “remain positive as the indicators and outputs continue to show signs of recovery.

“Foreign reserves are above the level deemed adequate and the current account deficit

2202, 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