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

2709, 2018

Fed raises rates for third time

The United States Federal Reserve signalled its confidence Wednesday in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate hike before year’s end and predicting that it will continue to tighten

2709, 2018

Gov’t tables First Supplementary Estimates for fiscal 2018-19

A number of key government agencies are set to have their budgetary allocation for the current fiscal year increased, while a few were decreased. The revised allocations were listed in the First Supplementary

2409, 2018

‘Make a will’, Jamaicans urged

MANDEVILLE, Manchester — Chairman of financial institution MoneyMasters Limited, Dunbar McFarlane, is urging Jamaicans to make a will in order to protect those they would want to be beneficiaries of their estate after death.

A will is a legal document which

2409, 2018

IMF predicts economic growth of 1.4 per cent

KINGSTON, Jamaica (CMC) — A delegation from the International Monetary Fund (IMF) Friday ended a two week visit here saying that Jamaica could receive US$226 million if the executive board of the Washington-based financial institution approves a preliminary agreement that