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

2505, 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

1805, 2017

McKenzie says heavy rainfall ‘overwhelmed’ infrastructure

Minister of Local Government and Community Development Desmond McKenzie says the damage caused by the heavy rainfall is a clear indication that the infrastructure network is inadequate to deal with such occurrences.He told JIS News that the unprecedented level of

1805, 2017

PM says it’s too costly when people live in informal, haphazard settlements

Residents of Douglas Castle in St Ann have been forced to use rafts to traverse the flood-ravaged community. (Photo: Naphtali Junior)

PRIME Minister Andrew Holness said yesterday that Government will revisit the budget to identify funds for infrastructural repairs

1505, 2017

THE INSURANCE INDUSTRY PAYS TRIBUTE TO RICHARD BYLES

On Wednesday, May 10, the Insurance Industry CEOs turned out in their numbers at a function held at the Courtleigh Hotel to pay tribute to Richard Byles, who they credited with leading the way to the restoration of the prestige