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

1411, 2022

CCRIF makes US$15.2 million in payouts

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) said it has since October had to make payments totalling US$15.2 million for events associated with the 2022 hurricane season to at least three of its member governments.

According to

1411, 2022

PIAJ urges Government to adopt auto enrolment to address impending pensions crisis

Nearly 60 years after Jamaica’s Independence, only 18 per cent of the population, including public sector workers, can count on a pension to provide some income stability in retirement. Sanya Goffe, president of the Pensions Industry

1411, 2022

Jamaica aims to lead micro-insurance legislation in the Caribbean

Dr Nigel Clarke (second left), minister of finance, discusses inclusive insurance with (From left): Orville Johnson, executive director and Sharon Donaldson, president of the IAJ; Dirk Reinhard, vice chair of the Munich Re Foundation and chairman of the Steering

2710, 2022

Business confidence up ‘dramatically’

Business confidence increased by double-digit levels while consumer confidence inched slightly higher for the third quarter of 2022, reflecting the reopening of the economy.

Business leaders from the financial, entertainment, hardware and tourism sectors endorsed the optimism captured in