Product Details

Jamaica Insurance Q4 2019

Publisher: BMI Research
Published: September 24, 2019
Length: 32 Pages
SKU: BMI16041676
Jamaica Insurance Q4 2019

Key View:

The prospects for Jamaica’s insurance sector remain favourable. The IMF-approved economic programme seems to beworking. The economy is growing and perceptions of risk appear to be falling. We remain of the view that this will contributeto steady growth in premiums in both the life and non-life segments. In both cases, low household incomes remain a constraint ondevelopment. Two major deals - NCB Group's takeover of Guardian Holdings and JMMB's investment in Sagicor (and what wasScotiabank's insurance operations in the region) through Alignvest - should strengthen the life segment. Non-life premiums shouldbe boosted by higher prices and volumes in the motor insurance sub-sector.