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

1402, 2017

Economy on track – EPOC

Co-chair of the Economic Programme Oversight Committee, Keith Duncan, provides an update on economic targets under the three-year IMF Precautionary Stand-by Arrangement yesterday.(Collin Reid)

Co-chair of the Economic Programme Oversight Committee (EPOC) Keith Duncan says the Government of Jamaica

802, 2017

Sector leaders suggest where revenue could come from

Where should the Government get revenue to fund the Budget for the upcoming fiscal year?

Metry Seaga, president, Jamaica Manufacturers’ Association:

We have a compliance rate of less than 50 per cent. That’s just not acceptable, and it means that the ones

802, 2017

NHT ‘raid’? – Gov’t considering funds for budgetary support

The Government is reportedly considering using National Housing Trust (NHT) funds for budgetary support, and Dennis Chung, chief executive officer, Private Sector Organisation of Jamaica (PSOJ), said doing that would reduce taxes to be imposed for the upcoming fiscal year.

In

402, 2017

INTER AMERICAN DEVELOPMENT BANK

A study by the Inter-American Development Bank (IDB) estimates the direct annual cost of crime and violence in Latin America and the Caribbean at US$261 billion or almost four per cent of GDP.

This is roughly what the region invests on