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

2909, 2016

Bitcoin? Nonsense!

Bitcoin is an innovative payment network and a new kind of money. (Siegfried Layda)

It was in the media recently that an entity is trying to set up a Bitcoin exchange in Jamaica. I am astounded that any Jamaican

2909, 2016

Lack of competition in banking sector concerns IMF

The IMF in Washington DC, United States

Citing a lack of competition in the Jamaican banking sector, the International Monetary Fund (IMF) is calling for the creation of a body to oversee the implementation of measures to improve credit

2909, 2016

TAJ’s Positive Collections Trend Continues in August

September 16, 2016

Tax Administration Jamaica (TAJ) is advising that preliminary figures indicate that for the month of August the net collections target was exceeded, as the Revenue Authority was able to collect $19.6B, 2.3% over the $19.2B target.
This performance continues

2909, 2016

Motorcycle safety workshop leaves Negril bikers revved up

NEGRIL, Westmoreland — Biking stakeholders are applauding the second staging of the Back to Basics (B2B) motorcycle Safety Workshop staged in Westmoreland last week.

“Right now, this workshop is the best thing that has ever happened here for us. I’ve