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

1112, 2018

Gov’t selling Petrojam?

Highly placed sources last night suggested that the Government is about to put the troubled state-run Petrojam refinery up for sale.

Prime Minister Andrew Holness has scheduled a press conference for this morning at which he is likely to make

1112, 2018

Insurance claims climbing a $billion a year

With motor vehicle claims speeding past $9.4 billion last year, the Insurance Association of Jamaica (IAJ) is partnering with revenue authorities and the police to roll out a database early in the new year, aimed at dragging down insurance

1112, 2018

Grace acquiring 49% stake in US patty company

Grace Foods (USA), Inc. a company owned by GraceKennedy Limited, said it will be acquiring a 49 per cent equity stake in a new joint venture company, Majesty Foods, a Florida-based manufacturer of patty and empanada products.

The range of Majesty’s

1012, 2018

More traffic cameras coming

ROBERT Montague, minister of transport and mining, told the House of Representatives recently that the ministry would be rolling out hundreds of new cameras over the next three to four months, across several towns islandwide.

He said areas like May Pen,