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)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

Claims Payout (2012-2013)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

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

2402, 2017

Gleaner Honour Awards | Richard Byles – A mind for business, a heart for country

In the last three years, perhaps Jamaicans have come to associate the oversight of the International Monetary Fund (IMF) programme provided by Richard Byles, in his capacity of co-chairman of the Economic Programme Oversight Committee (EPOC), as a natural extension

2302, 2017

THE PLANNING INSTITUTE OF JAMAICA

The Jamaican economy recorded growth of 1.3 per cent for the October–December quarter of 2016. This represents eight consecutive quarters of economic growth and reflected higher value added from both the Goods Producing and Services Industries. The Goods-Producing Industry grew

2302, 2017

BOJ working to make savings more attractive in J$ than US$

Jamaicans’ appetite to invest in US currency has driven the Bank of Jamaica (BOJ) to increase its holdings on the foreign currency deposits of financial institutions, thus creating a disincentive for the banks to take deposits in any other currency

2302, 2017

Jamaica’s economic initiatives lauded at IDB meeting

IDB President Luis Alberto Moreno greets Minister of State in the Ministry of Finance and Planning Faval Williams as she arrives at the Bank’s Headquarters on Tuesday for bilateral talks. Looking on from left is Jamaica’s IDB representative Arthur