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

2312, 2017

Record insurance losses in 2017 following several disasters

RJR NEWS

Damage in Dominica caused by Hurricane Maria

Estimates from insurance firm Swiss Re says disasters in 2017 caused losses of US$306 billion.

The figure represents a 63 per cent jump from last year, and is well above the average of the

2312, 2017

Jamaicans urged to maintain property insurance

RJR NEWS

The Insurance Association of Jamaica is urging property owners to maintain their property insurance amidst the upcoming increase in premiums.

News came on Friday that property insurance rates in Jamaica will be going up by as much as 35 per cent as

2312, 2017

Ja property insurance rates hit by Caribbean hurricanes

Hurricane damage in Codrington, Antigua and Barbuda, in September. Barbuda was devastated by Hurricane Irma. (Photo: AFP)

Jamaicans with property insurance should anticipate increases in premium rates as international reinsurers, still reeling from a flurry of claims received due

1912, 2017

Giant in media, giant in life Journalists, leaders hail Ian Boyne

A giant in media and in life is how the journalism fraternity, the country’s leaders, and noted public figures described the late Ian Boyne following the shocking news of his passing yesterday.

The 60-year-old veteran journalist, a media celebrity and self-made