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

1001, 2019

Jamaica’s trade deficit with Caricom widens to US$350 million

KINGSTON, Jamaica (CMC) – Jamaica’s trade deficit with the Caribbean Community (CARICOM) increased to US$351.2 million during the period January to October last year, according to the figures released by the Statistical Institute of Jamaica (Statin).

In its International Merchandise Trade

1001, 2019

Currency demand reaches 11-year high

T he demand for Jamaican notes and coins reached an 11-year high in December 2018, blowing out the Bank of Jamaica’s (BOJ) projection of an $18.1 billion increase in demand for the local currency during the festive season.

As

1001, 2019

15 Chinese companies operating in Jamaica

Minister of Culture, Gender, Entertainment and Sport Olivia Grange (left) in conversation with Counsellor for Economic and Commercial Affairs at the Embassy of the People’s Republic of China Fan Jianghong at a news conference held at the Jamaica Pegasus

1001, 2019

$23.6B circulated in December 2018, says BOJ

During the last six days of December 2018, the Bank of Jamaica (BOJ) recorded net currency issue of $5.45 billion to financial institutions, substantially above its projection.

The currency issue for the week contributed to an overall growth of $23.6 billion