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Industry Statistics2024-10-08T11:27:18+00:00

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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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

MOTOR INSURANCE

PROPERTY INSURANCE

HEALTH INSURANCE

RETIREMENT INSURANCE

702, 2018

Ganja for the Stock Exchange

Jamaican scientist Dr Henry Lowe, known worldwide for his cancer research and development of nutraceuticals from Jamaican plants, including cannabis, says he intends to list his company, Medicanja Ltd, on the Jamaica Stock Exchange (JSE) within weeks.

“Most Jamaicans would like

702, 2018

New Road Traffic Bill passed In Lower House

KINGSTON, Jamaica — The new Road Traffic Bill was passed with 131 amendments in the Lower House of Parliament today.

The Road Traffic Bill, 2016 will replace the current Road Traffic Act of 1938, sections of which have become outdated due

702, 2018

NCB finally feeling the love, but postpones GHL wedding again

NCB Financial Group, led by Patrick Hylton, has extended its offer for Guardian Holdings shares by another three weeks, but says the offer is already oversubscribed.

The transaction still requires approval from the Central Bank of Trinidad & Tobago, NCB said

702, 2018

Briefing | The end of devaluations

Over the last four months, the Jamaican-to-US dollar exchange rate has appreciated by approximately 4 per cent, and is now at approximately j$125 to US$1, indicating that a new exchange rate landscape might be on the horizon. The University of

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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.
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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.
READ MORE
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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.
READ MORE
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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.
READ MORE
READ MORE

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.
READ MORE
READ MORE

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.
READ MORE

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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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