Jamaica

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

The Insurance Association of Jamaica
Web: www.iaj-online.com

 

POPULATION, 2011-2014 (1)

Year Population
2011 2,868,380
2012 2,889,187
2013 2,909,714
2014 2,930,050

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $21.6
2010 23.4
2011 23.9
2012 24.6
2013 25.1

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $409
Life premiums 309
Total premiums $718
Percent of total world premiums 0.02%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company JMD Mn USD Mn
Advantage General 5,203.0 51.9
General Accident (GA) 4,480.0 44.7
Jamaica International 4,318.0 43.1
British Caribbean (BCIC) 3,785.0 37.8
Insurance Company of the West Indies 3,623.0 36.1
JN General Insurance 3,309.0 33.0
Guardian General 2,807.0 28.0
Chartis 1,837.0 18.3
Key 678.0 6.8

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company JMD Mn USD Mn
Sagicor Life Jamaica 28,040.0 279.7
Guardian Life 8,870.0 88.5
NCB Insurance 1,970.0 19.7
Scotia Life Jamaica 1,970.0 19.7
CUNA Mutual 1,430.0 14.3
JN Life 50.0 0.5

Source: Axco Insurance Information Services.

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