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

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

2104, 2018

PETER LEVY IS NEW PRESIDENT OF THE INSURANCE ASSOCIATION OF JAMAICA

KINGSTON, JAMAICA (April 19, 2018) —During Wednesday’s AGM of the Insurance Association of Jamaica (IAJ), members elected BCIC’s GM Peter Levy to take over the position of President, effective immediately. Levy replaces outgoing President, Eric Hosin, President of Guardian Life

2104, 2018

IDB’s Retirement Savings Laboratory a good initiative

The Retirement Savings Laboratory launched by the Inter-American Development Bank (IDB) is a worthy initiative that should be embraced by all governments in the jurisdictions to which it applies.

According to the IDB, this project is designed to increase the

2104, 2018

Appleton’s Joy blend wins ‘Rum of the Year 2017’

With rums being produced from a vast range of source regions from Trinidad to Cuba, having a special blend developed right here in Jamaica is indeed an international honour. And with global rum prices ranging from US$70 to an

2104, 2018

Dr Kingsley Chin wins International Entrepreneur of the Year Award

Left to right: David Oh, Philadelphia City Councilman; Cherri Gregg KYW News Radio; Blane Stoddart President of YCPN; Derek Green, City Councilman; Dr Kingsley Chin; Ronald McKay; Consul General Trudy Deans;and Jean Wintz Dabne and Claudia Colon, both of