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

1807, 2022

Jamaica’s Move to Develop a Risk Financing Policy will Underpin Acquisition of Catastrophe Bonds

July 18, 2022

Jamaica’s decision in July 2021, to pursue Catastrophe Bonds as a way to reduce the impact that severe natural disasters can have on the national budget, has been hailed as a prudent way to protect the economies of

1807, 2022

Consumers to rake in benefits from EV expansion

Senior executives of the country’s monopoly power distributor have downplayed potential earnings from the installation of electric-vehicle charging stations across Jamaica, noting instead that it is a “bullish” investment to bring down the cost of electricity.

Already, the Jamaica Public Service

1707, 2022

What if you can’t ‘out-budget’ inflation? Share Published:Sunday | July 17, 2022 | 12:06 AM

Inflation is a nightmare for the many Americans who already stretch their dollars to cover basic needs. What happens when those dollars lose value?

Their choice is probably not about whether to cut streaming services or opt for store-brand

1707, 2022

Poverty plunges in Kingston

POVERTY in the Greater Kingston Metropolitan Area (GKMA), which covers Kingston, Portmore and Spanish Town, has seen a significant fall-off in one year, according to data in the Economic and Social Survey of Jamaica (ESSJ) 2021.

The ESSJ