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

910, 2017

Framework to address sustained funding for health care by end of March – Holness

Prime Minister Andrew Holness (third left), cuts ribbon to open the renovated male surgical ward at the St Ann’s Bay Regional Hospital in St Ann, on October 6, 2017. Others (from left) are: Senior Vice President, Information and Communications

610, 2017

New data reveals that Jamaica’s economy contracted in first quarter of financial year

The Ministry of Finance revealed this morning that the Jamaican economy contracted in the first quarter of the current financial year.

Acting Financial Secretary, Darlene Morrison, made the disclosure to members of Parliament’s Public Administration and Appropriations Committee (PAAC).

The PAAC is discussing

610, 2017

B-FXITT slows slide of J’can dollar, says Wynter

Declaring that the Jamaican dollar has depreciated by only 1.0 per cent for the 12-month period up to October 2 this year, Bank of Jamaica (BoJ) Governor Brian Wynter said that the central bank is reaping positive results from the

610, 2017

Remittances to the Caribbean recover modestly after two-year decline

The World Bank says remittances to Latin America and the Caribbean are expected to increase by 6.9 per cent to US$79 billion this year.

In the latest edition of the Bank’s Migration and Development Brief, the Washington-based institution noted that “economic