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

2201, 2019

Govt using tax revenue surplus to pay arrears to SMEs — Clarke

Minister of Finance and the Public Service Dr Nigel Clarke says that a “plethora” of small- and medium-sized businesses will benefit from an allocation of $1.5 billion included in the supplementary estimates for 2018/19 for bills owed to them

2201, 2019

Table of IMF economic growth forecasts

WASHINGTON, United States (AFP) — Here are the International Monetary Fund’s latest economic growth projections for 2019 and 2020, published Monday in the quarterly update to the World Economic Outlook (WEO) .

The table shows the GDP growth forecasts in

2201, 2019

Google fined $57M under new EU data protection law

PARIS (AP) — France’s data privacy watchdog fined Google 50 million euros or US$57 million on Monday, the first penalty for a U.S. tech giant under new European data privacy rules that took effect last year.

The National Data Protection Commission said

2201, 2019

World economy forecast to slow in 2019 amid trade tensions

The world economy absorbed more bad news Monday

The International Monetary Fund (IMF) cut its growth forecast for 2019. And China, the world’s second-biggest economy, said it had slowed to its weakest pace since 1990.

The IMF cut its estimate for global