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

704, 2017

Devon Dick | Property taxes – phase it in

On Saturday, while driving from Oxford, England, to Sheffield – one segment of the journey as I started a tour to participate in discussions on justice issues – a conversation started with my friend, Wally, about taxation systems in Jamaica

704, 2017

75% of Jamaicans without retirement plan

Rezworth Burchenson, Deputy Chief Executive Officer of Victoria Mutual Wealth Management, has said 75 per cent of Jamaicans do not have a retirement plan.

Mr. Burchenson said this could have serious implications for fiscal policy, taxes and economic growth because the

704, 2017

Shift in public sector business culture needed — Chuck

While addressing the media launch of the Middle Managers’ Conference 2017, Minister of Justice Delroy Chuck called for a more business-friendly ethos in the public sector which will be essential to propel the current Administration’s ‘5 in 4’ growth strategy.

“There

704, 2017

Land valuation is correct, but phase in tax, stakeholders ask

Property owners are advocating a phased approach to the implementation of new property tax charges, even while admitting that use of updated valuations is a necessity.

Howard Johnson, a former president of the real estate association of Jamaica and broker with