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

2302, 2017

PM says pension funds changes will ensure greater efficiency

Prime Minister Andrew Holness speaking at the annual Sagicor Pension Investment Seminar yesterday. (Photo: Lionel Rookwood)

PRIME Minister Andrew Holness says policy changes will be made to existing pension schemes even as trade unions insist that they will not accept

2302, 2017

Dredging of Kingston Harbour begins

Minister with oversight responsibility for water, works and housing in the Ministry of Economic Growth and Job Creation Dr Horace Chang (left) and CEO of Kingston Freeport Terminal Limited Olivier Tretout look at sludge dredged from the seafloor at

2302, 2017

Set up costs spur underwriting loss at IronRock

General insurance start-up IronRock closed its first full year of operation with a loss of $48 million, but Managing Director R. Evan Thwaites says the numbers are in line with expectations.

“We are pretty much bang on with our predictions, so

2202, 2017

IronRock Insurance records pre-tax loss

IronRock Insurance recorded a pre-tax loss of $48.2 million for the year ended December 31.

Gross Written Premium amounted to $127.3 million with Net Written Premium totaling $46.5 million.

Iron Rock said in a report to the stock exchange that