Loading...
Industry Statistics2024-10-08T11:27:18+00:00

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)
Click to Download Reports


General Insurance (2014-2015)
Click to Download Reports


Claims Payout (2012-2013)
Click to Download Reports


General Insurance (2014-2015)
Click to Download Reports


General Insurance (2014-2015)
Click to Download Reports


General Insurance (2014-2015)
Click to Download Reports


General Insurance (2014-2015)
Click to Download Reports

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

2308, 2018

Economy grew by 1.8% April to June quarter — PIOJ

Planning Institute of Jamaica (PIOJ) Director General, Dr Wayne Henry (left), addresses journalists during Wednesday’s (August 16) quarterly media briefing at the PIOJ’s head office in New Kingston. Also pictured is Economic Development Specialist in the PIOJ’s Vision 2030

2308, 2018

Kingston hosts earn US$2.4M from Airbnb in 2017

Prime Minister Andrew Holness says there is scope for greater expansion of the Airbnb service in Jamaica, which he said earned hosts in Kingston US$2.4 million in 2017.

Based in San Francisco, California in the United States, Airbnb is an online

2308, 2018

Corporate Hands | Sagicor donates to church back-to-school fair

Brittany Quallo (right), Sagicor Life financial adviser and Sagicor Foundation volunteer, presents a cheque for $50,000 to Reverend Dr Peter Garth (left), senior pastor at Hope Gospel Assembly, and Marsha Palmer (second left), the church’s back-to-school fair coordinator, in support

2308, 2018

INFLATION RATE JULY 2018

The Statistical Institute of Jamaica (STATIN) is reporting that point-to-point inflation is now at 3.2 per cent.

This means inflation is still below the targeted range of  4 to 6 per cent.

Inflation for July came in at one per cent.

READ MORE

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE
READ MORE

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE
READ MORE

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE
READ MORE

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE
READ MORE

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE
READ MORE

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE

Share This Story!

Other Interesting Statistics

Life Insurance Caribbean

General Insurance Caribbean

Retirement Investment Caribbean

IAJ Promotes Best Practices in
The Insurance Industry.

The IAJ provides avenues for addressing common concerns and encourage sound industry practices and ethical conduct of members while promoting the best interests of the insuring public.

Stay Informed, Join the Conversation

IAJ stands ready to engage everyone promoting insurance literacy among the Jamaican consumers through our various platforms including but not limited to our Website, Social Media, Email and Events.

Go to Top