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

912, 2018

Caricom commission monitoring Scotiabank’s sale of Caribbean assets

Caricom’s Competition Commission, which monitors business activity in the Caricom Single Market and Economy (CSME), says it has taken note of the recent announcement by the Bank of Nova Scotia (“Scotiabank”) of its intention to sell banking assets in

912, 2018

Senate passes new Road Traffic Act

THE new Road Traffic Act was finally approved by Parliament yesterday, but its implementation is unlikely to be completed prior to next April.

The Senate passed the five-year-old Bill, which has survived several reviews since 2014, after a prolonged debate, during

912, 2018

Parliament clears final hurdle to new Road Traffic Act

KINGSTON, Jamaica — Leader of Government Business in the Senate, Kamina Johnson Smith, said today that the framework to be introduced under the provisions of the new Road Traffic Act (RTA) will reduce the opportunity for human error and corruption

912, 2018

Burst of 54 quakes felt in Leeward Islands

PORT OF SPAIN, Trinidad (CMC) – The Trinidad-based Seismic Research Centre (SRC) of the St Augustine campus of the University of the West Indies Saturday said that a burst of 54 earthquakes occurred north of St Kitts during a