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

2608, 2018

Oran Hall | Counting your nest egg – How much is enough for retirement?

QUESTION: I have recently started to really take a look into my finances and to think about retirement. Doing my research, I often see where in the United States, US$1 million is often the figure recommended to have for retirement

2408, 2018

IAJ NEWS BULLETIN – JANUARY TO JUNE 2018

IAJ ELECTS NEW PRESIDENT

When the IAJ held its Annual General Meeting on Wednesday, April 18, 2018, members elected BCIC’s Managing Director Peter Levy to be the Association’s 8th President,. Mr. Levy replaced Eric Hosin, President of Guardian Life who had

2408, 2018

The Bank of Jamaica has been targeting higher growth and not the exchange rate

Finance and the Public Service Minister Dr Nigel Clarke (left) greets Bank of Jamaica Governor Brian Wynter at the Terra Nova All- Suite Hotel in St Andrew for the second annual National Financial Inclusion Council Meeting and Forum, recently.

2408, 2018

Rating agency says Jamaica less risky than before

R ating agency AM Best on Wednesday improved Jamaica’s rating tier 4 — up from country risk tier 5 — following assessments of its economic, political and financial system.

The risk category now places Jamaica in line with Trinidad