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

2811, 2018

Sagicor Financial sold – Canadian private-equity firm to pay US$536m for insurance conglomerate; Separate deal sealed to acquire Scotia insurance businesses

The acquisition of regional financial conglomerate Sagicor Financial Corporation Limited (SFC) by Canadian private-equity firm Alignvest will not affect shareholders of the Jamaican subsidiary, says president and CEO of Sagicor Group Jamaica Limited Christopher Zacca.

“The transaction is between Sagicor Financial

2811, 2018

Sagicor agrees to US$536 mil takeover by Canadian company

Sagicor Financial Corporation Limited has agreed to a US$536 million takeover by Alignvest, a leading Canadian alternative investment management firm.

In a release issued on Tuesday morning, Sagicor said that it has entered into

2811, 2018

Scotiabank to sell insurance operations in T&T, Jamaica

OTTAWA, Canada (CMC) – The Bank of Nova Scotia Tuesday confirmed that it would be selling its insurance operations in Jamaica and Trinidad and Tobago as part of a shake-up of its businesses that also included plans to exit nine

2711, 2018

PHOTO: Safety first

With hundreds of motor vehicle crashes reported annually, inclusive of motorcycle crashes in Westmoreland, the parish has built a reputation for being a hotspot for trauma. Last Thursday’s Taking Responsibility Road Tour visited the parish to discuss how to prevent