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)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

Claims Payout (2012-2013)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

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

3005, 2016

BOJ says inflation falls to “historic low”

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com

Bank of Jamaica Governor Bryan Wynter says that inflation fell to a historic low of three per cent during the first quarter of 2016 (January-March).

“This is lower than the 3.7 per cent recorded at

2605, 2016

Everald Dewar | Garnishment and tax refunds

Published:Wednesday | May 25, 2016 |

A person recently called to ask about Garnet Schee. To clarify, he said “Mr Schee will take the money from anyone who owes you to pay the tax you owe.”

He meant ‘garnishee’.

I explained

2605, 2016

Sagicor tapped to buy Palmyra

Insurance conglomerate Sagicor Group Jamaica has been selected as the preferred buyer of the incomplete Palmyra condominium complex in Montego Bay, according to two independent sources.

It’s not the first time the receiver for the property and his agents have tapped

2605, 2016

Highlights from the IMF

Christine Lagarde, managing director of the International Monetary Fund, arrives for the Anti-Corruption Summit in London, on May 12. (Photo: AFP)

THE following are the highlights of the 2016 Article IV Consultation and the 11th and 12th Extended Fund