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

2605, 2017

NIR at comfortable level, says IMF representative to Jamaica

Both the central bank of Jamaica and the International Monetary Fund (IMF) appear to be holding fast to the policy position of continued build-up of the net international reserves against future shocks.Jamaica’s NIR has moved from US$496 million in

2605, 2017

JN Bank supersizes loans, causes rates to fall

JN Bank in Half Way Tree, Kingston (Photo: Observer file)

The Bank of Jamaica (BOJ) indicates in its new quarterly monetary policy report (QMPR) that the island’s newest commercial bank made loans which added appreciably to the stock of

2605, 2017

Above average hurricane season predicted

MIAMI, United States (CMC) — Forecasters are predicting that the Atlantic hurricane season, which officially begins on June 1, will be above average with 11 to 17 big storms and up to nine hurricanes.The National Oceanic and Atmospheric Administration’s (NOAA)

2505, 2017

Credit card fraud: Will a chip fortify consumer security?

Using credit cards arguably has numerous benefits. The most attractive may simply be this; your cash remains sheltered from the surreptitious pickpocket. For this and other reasons, credit cards are fast becoming, and in many territories have become the