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

1807, 2017

All NHT first-time applicants can now get $5.5-million loan

ALL first-time applicants for mortgages from the National Housing Trust (NHT) should now be able to access the full loan ceiling of $5.5 million, regardless of the age of the homes they are purchasing.

Effective yesterday, the policy changes to the

1807, 2017

Forex bank account holders face headwinds

Local banks are saying that new charges levied on US-dollar accountholders are related to higher costs associated with transporting and shipping the currency overseas.

As supplies of foreign currency build up in bank vaults, new fees on deposits above set thresholds

1807, 2017

IDB launches Orange Economy on the Caribbean

WASHINGTON, United States (CMC) — Highlighting the contributions of creative talent to social and economic progress, the Inter-American Development Bank (IDB) has launched the e-book, Orange Economy: Innovations you may not know were from Latin America and the Caribbean

1707, 2017

Oran Hall | How to invest in unit trusts

QUESTION: I am currently going to start university. I am seeking your advice on opening a unit trust account. I am not familiar with all the terms of investment and business, but I am interested in investing, Any advice for