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, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $437
Life premiums 246
Total premiums $683
Percent of total world premiums 0.01%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

View Archived Tables

 

 

LEADING NONLIFE INSURANCE COMPANIES, 2012

  Gross written premiums
Company JMD Mn USD Mn
Advantage General  4,794.0 54.0
Jamaica International  3,988.8 44.9
General Accident (GA)  3,789.0 42.7
West Indies Alliance  3,310.2 37.3
British Caribbean (BCIC)  3,239.2 36.5
JN General Insurance  2,968.2 33.4
Insurance Company of the West Indies  2,863.5 32.3
Globe  2,346.7 26.4
Chartis  1,798.4 20.3
Key  710.8 8.0

Source: Axco Insurance Information Services.

 

 

LEADING LIFE INSURANCE COMPANIES, 2012

  Gross written premiums
Company JMD Mn USD Mn
Sagicor Life Jamaica  19,530.2 220.1
Guardian Life  8,882.6 100.1
Scotia Life Jamaica  1,732.7 19.5
NCB Insurance  1,656.1 18.7
CUNA Mutual  1,337.4 15.1

Source: Axco Insurance Information Services.

View Archived Tables