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

2410, 2018

A cheapskate’s guide to shopping for credit cards

Cheapskates and low spenders aren’t the ideal credit card customers for banks because they’re typically not as profitable as fast-swiping spendthrifts who rack up finance charges. Still, banks offer credit cards with features that can fit well into a frugal

2410, 2018

World Bank: Complete education, full health required to boost Jamaican productivity

Children born in Jamaica at this time will only be 54 per cent as productive when they reach the age of 18 as they could be if provided with complete education and full health, according to the human capital index,

2410, 2018

Growth & Jobs | Increase investment in disaster risk management – IDB

MicroFinance Institutions (MFIs) need to increase their investment in disaster risk management prevention, states Yuri Chakalall, natural disaster and risk management senior specialist at the Inter-American Development Bank (IDB).

The micro, small and medium enterprise sector needs to acquire greater disaster

2410, 2018

Be careful of overreacting to tremors, warns expert

Head of the Mona GeoInformatics Institute of the University of the West Indies (UWI), Dr Parris Lyew-Ayee Jr, is warning against an overreaction to the recent tremors felt across Jamaica.

He pointing out that Jamaica records hundreds of ‘minor quakes’ per