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

2711, 2016

IMF approves new Stand-By Agreement for Jamaica

LONKENG… the idea is to gradually phase out the BOJ’s surrender requirements

MONTEGO BAY, St James – Prime Minister Andrew Holness says the International Monetary Fund (IMF) board has approved a new Stand-By Agreement to replace the existing arrangement

2711, 2016

Energy minister says acquisition of LNG significant

Prime Minister Andrew Holness (second left) and Minister of Science, Energy and Technology, Dr Andrew Wheatley (left), listen to Chief Executive Officer (CEO) of New Fortress Energy, Wes Edens (third left), during a tour of the new LNG Terminal at the Montego Bay port on November 11. Others

2711, 2016

PAC wants Gov’t to go after insurance companies that abuse no user-fee policy

Permanent Secretary in the health ministry Elaine Foster Allen is flanked by Dr Angela Foster, head of the National Laboratory Servies; and Chief Medical Officer Dr Winston de la Haye, as she fields questions from members of the Public

2711, 2016

Business leaders call for lower minimum capital test ratios

President of the PSOJ P B Scott shakes hands with inductee Butch HendricksonGarfield Robinson

PB Scott, president of the Private Sector Organisation of Jamaica (PSOJ), and Gary “Butch” Hendrickson, chairman of the Continental Baking Company and this week’s inductee