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

2507, 2018

House approves new national minimum wage

KINGSTON, Jamaica — The House of Representatives this afternoon approved the new national minimum wage (NMW) of $7,000 per 40-hour work-week for the lowest paid workers.

The new rate, which becomes effective on Emancipation Day, August 1, will increase the old

2507, 2018

Playa expects to recoup part of Jamaican investment in under five years

Playa Hotels & Resorts Limited expects to recoup its investment in the Jewel Grande and Hilton Rose Hall resort properties acquired under a deal with Sagicor Group Jamaica, in less than five years.

The disclosure was limited to those two properties

2507, 2018

JN Life enters international health insurance market with US$1m coverage

JN Life Insurance Company is now offering health insurance coverage for policyholders visiting the Caribbean and United States, under different arrangements.

The plan will utilise the Aetna network for medical services for Jamaicans while in the United States, but will operate

2507, 2018

ICWI replaces disposable plastic cups

Insurance Company of the West Indies (ICWI) yesterday announced that it has distributed more than 300 water bottles to its staff to utilise, instead of disposable plastic cups, at water fountains in its 13 branches islandwide.

The move, the