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

511, 2018

Jamaica must quickly implement business reforms to rank higher in ‘Doing Business’ report – JAMPRO

JAMPRO President Diane Edwards says Jamaica will have to improve its pace in implementing business reforms in order to rise to the Top 10 ranking in the Doing Business Report.

The JAMPRO President made the comment in response to the newly

511, 2018

JEF welcomes increase in employment rate

The Jamaica Employer’s Federation (JEF), while welcoming the increase in the employment rate, says the focus should now be on whether it can be accelerated.

Data from the Statistical Institute of Jamaica show that 20,000 new jobs have been

511, 2018

Highest employment in service and shop market sales

The “Service Workers and Shop and Market Sales’ industry group accounted for the highest number of persons employed – 290,700 as at July 2018.

According to the Statistical Institute of Jamaica (STATIN) labour force survey for the month, the figure is

511, 2018

Managing direct foreign investment

The recent and persistent hysteria about Chinese investment requires some clarification.

First, Chinese flows into Jamaica are of two kinds: (a) loans to the Government to finance infrastructure development and construction carried out by Chinese companies, for example China Harbour; and