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

2203, 2023

IDB bearish on regional economic prospects Projects 1% growth for LAC in 2023

The Inter-American Development Bank, IDB, says Latin America and the Caribbean countries, known as the LAC region, need to rise to the challenge to lower inflation and reduce the public debt burden in 2023.

In its annual macroeconomic report released during

2203, 2023

Jamalco set for sale

The company that holds the Jamalco alumina refinery is being transferred to an undisclosed third party, as part of an emerging deal.

The refinery is majority owned by Noble Group Holding Limited, NGHL, which is based in Hong Kong.

“NGHL has announced

2203, 2023

Credit Suisse-UBS deal offers hope, but bank doubts persist

Credit Suisse shares plunged on Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price.

But European bank stocks and the wider market gained as investors watch whether moves to

2203, 2023

St Elizabeth farmers to benefit from US$200-million irrigation scheme

Hundreds of farmers in the communities of Flagaman, Greenfield, Southfield, and Top Hill, in St Elizabeth are to benefit from a US$200-million Pedro Plains Irrigation Scheme, with which the Government is moving ahead.

Prime Minister Andrew Holness made the announcement during