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

2211, 2022

US inflation eases to 7.7 per cent

tile food and energy, rose 6.3 per cent in the past 12 months and 0.3 per cent from September.

The numbers were all lower than economists had expected.

Helping to drive the inflation slowdown from September to October were

2211, 2022

ICWI Pink Run almost doubles $5-m target set for 2022

THE Insurance Company of the West Indies (ICWI), title sponsors of Pink Run — a five-kilometre road race to raise funds for Jamaica Reach to Recovery (JR2R) — is reporting a record-breaking $9 million in net proceeds raised

2211, 2022

Pros and cons of a home equity loan BY ANDREW LAIDLEY Senior business reporter laidleya@jamaicaobserver.com

Home equity loans have longer terms for repayment and lenders view this arrangement as highly secure.

IF you’re already a homeowner, chances are that you have already started to explore ways in which you can utilise your asset to

1411, 2022

Gov’t proposing approximately $60 billion increase in National Budget Share1

The Government is proposing to increase the National Budget by approximately $60 billion.

The additional spending is contained in the First Supplementary Estimates 2022/2023, which was tabled in the House of Representatives this afternoon by Finance Minister Dr Nigel Clarke.

https://jamaica-gleaner.com/article/news/20221108/govt-proposing-approximately-60-billion-increase-national-budget