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

905, 2018

Road Traffic Act likely passed today

The long-awaited Road Traffic Act (RTA) takes another step to implementation today when the Senate meets to debate the Bill. This should be the final step for the Bill which is to repeal and replace the existing 1938 Act.

It

905, 2018

Jamaica Broilers supports micro-economic mobilisation

Jamaica Broilers Group President & CEO, Christopher Levy (centre), and Best Dressed Chicken Director of Sales & Marketing, Michael Jones (right), join the Best Dressed Chicken team at Expo Jamaica 2018. From left are: Avadaugn Sinclair, Cordia Panton-Williams, Trevin

905, 2018

Cedric Stephens | Claim settlement through dispute resolution

QUESTION: I have a dispute with a life insurer. It involves millions of dollars. I do not necessarily want to resolve the matter through legal means but will if I am forced to. What are my options?
– R.G., Kingston 6

INSURANCE

605, 2018

Levy heads IAJ

Managing director of British Caribbean Insurance Company (BCIC) Peter Levy has been elected president of Insurance Association of Jamaica (IAJ).

Levy, who replaces outgoing President Eric Hosin of Guardian Life, was elected president during IAJ’s annual general meeting last