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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General Insurance (2014-2015)
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General Insurance (2014-2015)
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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
ESTIMATED MAGNITUDE 5.4 EARTHQUAKE, APRIL 15, 2023
ESTIMAT3ED MAGNITUDE 5.4 EARTHQUAKE, APRIL 15, 2023
US$2-b fuel bill stokes record trade deficit
JAMAICA’S trade deficit touched a record US$5.4 billion over the first 11 months of 2022 as the Russia-Ukraine war, which sent oil and gas prices spiralling last year, pushed up the cost of fuel imports into the
BOJ establishes ‘twin peaks’ committee
THE Bank of Jamaica (BOJ) has indicated that credit unions will finally fall within the ambits of its regulation when the supervision structure for the nation’s financial sector is transitioned from sector-by-sector regulation to a “twin peaks” regulation
THE AVERAGE CLAUSE
THE AVERAGE CLAUSE
As the 2023 Hurricane Season approaches, it is important to remember the AVERAGE CLAUSE as it applies to Coverage.
2017 General Insurance Claims
2017 General Insurance Claims
2017 General Insurance Claims
2017 General Insurance Claims
2017 General Insurance Claims
2017 General Insurance Claims
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Other Interesting Statistics
Life Insurance Caribbean
General Insurance Caribbean
Retirement Investment Caribbean
IAJ Promotes Best Practices in
The Insurance Industry.
The IAJ provides avenues for addressing common concerns and encourage sound industry practices and ethical conduct of members while promoting the best interests of the insuring public.
