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

1808, 2016

Sagicor X Fund increases stake in Sigma portfolio

For the six months ended 30 June 2016, Sagicor X Fund’s performance was $404 million or 56 per cent higher when compared with Q2 2015 – an improvement attributed to higher net profit from the Group’s hotels and gains from

1808, 2016

Jamaica wins gold with global debt swap deal

In a Bloomberg article by Paula Sambo and Ezra Fieser that appeared on Wednesday afternoon entitled “Jamaica Selling Global Dollar Bonds as It Focuses on Growth”, Sean Newman, a Jamaican money manager at Atlanta-based Invesco, advised that the government was

1808, 2016

Government launches Eurobond tender offer to buy US$1.144 billion of existing bonds

Wednesday, August 10, 2016

Yesterday morning, the Government of Jamaica announced a tender offer for its 2017 and 2019 Eurobonds, meaning that it would purchase its already existing outstanding bonds for cash.

Specifically, the first offer is for the 2017 Eurobond

1808, 2016

Maiden shipment of natural gas arrives

The first shipment of Natural Gas arrived on Friday, August 5 in Jamaica, marking a significant milestone in the move to diversify Jamaica’s energy sources.

Jamaica has received its first shipment of natural gas aboard the Golar Arctic through