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

2102, 2019

Minister: Petrojam’s value dropped by almost US$100 million in 12 years

The market value of Jamaica’s sole oil refinery Petrojam has dropped by nearly US$100 million in the past 12 years, newly appointed Energy Minister Fayval Williams has revealed.

According to Williams, a valuation conducted in 2006 by an international firm using globally accepted standards placed the

2002, 2019

Insurance hazard – Study finds most motorists driving without coverage

More than half the vehicles in Jamaica are uninsured, a statistic that is of huge concern to road-safety officials and one which the police consider “frightening”.

A study conducted by the Jamaica National Group, based on data culled from Tax Administration

2002, 2019

Jamaican entrepreneurs featured in Forbes magazine

Some Jamaican entrepreneurs, leaders and personalities involved in the island’s sustainability and renewable energy movement were recently featured in the internationally renowned business magazine, Forbes.

The coverage came in the form of two articles entitled “Make Jamaica Green Again: 10 Powerful

1902, 2019

Independent BOJ expected to modernise bank oversight

The modernisation of Jamaica’s central bank will see the Government pumping around $26 billion of fresh capital into the Bank of Jamaica, BOJ, as it transitions to independence.

Side by side with its recapitalisation, says Finance Minister Nigel Clarke, the BOJ