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Statistics on The Insurance Sector

Review of Economic Performance-Current Context.

Industry Statisticsmyiaj_admin2024-10-08T11:27:18+00:00

Latest Industry News

PeterLevey-SpeakstoMotorInsurance

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.

PeterLevey-SpeakstoMotorInsurance

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)
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Claims Payout (2012-2013)
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General Insurance (2014-2015)
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General Insurance (2014-2015)
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General Insurance (2014-2015)
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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

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MOTOR INSURANCE

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PROPERTY INSURANCE

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HEALTH INSURANCE

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RETIREMENT INSURANCE

2703, 2018

Jamaica is a far happier place than it was a year ago, according to results from the World Happines Report 2018.

Jamaica is ranked as the 56th happiest country in the world, below the island states of Japan (54) and Mauritius (55) and just above South Korea (57), according to the UN-supported report, which was released on Wednesday.

That compares to a

2703, 2018

The best budget ever ever

I have described the recently read fiscal budget as the best I have experienced to date.

My recollection is that every year the budget is to be read, businesses and individuals are always on edge as to what new tax

2703, 2018

Zacca sets about restructuring Sagicor

In just a few short months, Sagicor Group Jamaica’s new President and CEO Christopher Zacca has restructured his executive team with the overall goal of creating greater focus, driving performance and improving asset returns. He has created clearer lines

1903, 2018

Airbnb sensation

If you have any kind of connection to so cial media, then I guarantee you have heard of Airbnb before. This home-sharing-for-profit site began in San Francisco in 2008. It has seen an unanticipated boom in

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.

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.

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.

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.

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.

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.

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.

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