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

310, 2018

FID ‘quietly successful’ at tracking financial misdeeds

The plan to make the Financial Investigations Division (FID), which is currently part of the Ministry of Finance & the Public Service, into a department with greater budgetary and human resources capacity and autonomy is critical to giving the agency

110, 2018

Why the Fed rate hikes haven’t increased your return…yet

CHICAGO, United States — Traders monitor offers in the S&P options pit at the Cboe Global Markets exchange shortly after the Federal Reserve announced it was raising interest rates on September 26, 2018. The Fed agreed to increase the

110, 2018

NIS contribution mandatory for employed, self-employed

Minister of Labour and Social Security Shahine Robinson (2nd left) shares a photo op with Caribbean Community of Retired Persons (CCRP) awardees — (from third left) educator, author and theatre practitioner, Dr Jean Small; founder and chairman of Cari-Med

110, 2018

MoneyMasters targets small investors with pooled funds

Small investors have never excited financial firms enough to target them as a group. They just don’t deliver the same margins as the business generated from large institutions and high net worth clients.

But boutique investment firm MoneyMasters Limited has decided