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

1311, 2018

NCB Financial claims top spot in regional market, after $28b record profit

NCB Financial Group has been solidly ensconced at the top of Jamaica’s commercial banking market for several years, but having just hit another profit milestone and with nearly $980 billion in assets, its managers believe they are well placed to

1011, 2018

Gov’t making policy changes for natural disaster response

Finance Minister Dr. Nigel Clarke says the government will be making policy changes aimed at strengthening Jamaica’s response to natural disasters.

This will facilitate the availability of dedicated resources for recovery.

Dr. Clarke explained that this will help maintain fiscal stability when

911, 2018

IMF impressed by Jamaica’s performance

Jamaica came in for more praise from the International Monetary Fund (IMF) in its forth review under the Stand-By Arrangment on Wednesday.

Jamaica’s “impressive performance continues”, noted Uma Ramakrishnan IMF mission chief for Jamaica, via teleconference at the IMF offices at

911, 2018

Survey: Foreigners seeking property prefer to pay cash

More than half the foreign interest in regional real estate, whether to buy or lease, emanates from the United States, a new study has found.

The report also ranks Jamaica as the third most sought after market in Latin America and