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

2701, 2023

New board for FSC

The Government has appointed a new board at the Financial Services Commission (FSC) amid criticism being faced by the body regarding its oversight duties.

This comes amid the massive fraud uncovered at investment firm Stocks and Securities Limited (SSL).

Finance Minister Dr

2101, 2023

‘Fraud in the industry is not commonplace’

HE Financial Services Commission (FSC) is seeking to assure the public that fraudulent events at Stocks and Securities Limited (SSL) are not an indication that the securities dealers industry in Jamaica is no longer safe for people to

2001, 2023

We are going to learn from this

THE Jamaica Securities Dealers Association (JSDA) says it is preparing to learn from the issues which led to the multi-billion-dollar fraud at Stocks and Securities Limited (SSL), saying the incident is “very unfortunate and doesn’t reflect the industry on a

2001, 2023

CDB projects 5.7% growth for Caribbean economies

Caribbean countries averaged growth of 10.3 per cent last year, compared to 4.5 per cent in 2021, the Caribbean Development Bank reported on Wednesday.

Its forecast for this year is growth of 5.7 per cent.

CDB Vice-President of Operations Isaac Solomon said