Research and Markets: The Insurance Industry in Jamaica, Key Trends and Opportunities to 2016

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Research and Markets ( has announced the addition of the "The Insurance Industry in Jamaica, Key Trends and Opportunities to 2016" report to their offering.

The Jamaican insurance industry recorded a combined ratio of over 100% across all insurance segments throughout the review period. A high combined ratio has become a key concern for insurers in Jamaica. However, in terms of written premiums, the industry recorded robust growth, backed by strong economic growth. The insurance industry registered a CAGR of 12.6% during the review period and is projected to grow at a CAGR of 8.2% over the forecast period. However, the industry could not escape the repercussions of the global economic crisis of 2009 which caused a significant slowdown in economic growth and the insurance industry. Investment earnings of insurance companies received a major setback as interest rates declined as a consequence of the Government of Jamaica Debt Exchange Program (JDX) in 2010.

The report provides in depth industry analysis, information and insights into the insurance industry in Jamaica, including:

- The Jamaican insurance industry's growth prospects by insurance segments and sub-segments

- The competitive landscape in the Jamaican insurance industry

- The current trends and drivers of the Jamaican insurance industry

- The challenges facing the Jamaican insurance industry

- The regulatory framework of the Jamaican insurance industry

Key Topics Covered:

1 Executive Summary

2 Introduction

3 The Jamaican Insurance Industry Overview

3.1 Industry Overview

3.2 Jamaican Insurance Industry - Market Size, 2007-2016

3.3 Key Industry Trends and Drivers

3.4 Challenges

3.5 Regulation

4 Industry Segmentation

4.1 Life Insurance Growth Prospects by Category

4.2 Non-Life Insurance Growth Prospects by Category

4.3 Personal Accident and Health Insurance Growth Prospects by Category

4.4 Reinsurance Market Size by Segment, 2007-2016

5 Competitive Landscape

5.1 Overview

5.2 Leading Companies

6 Macroeconomic Indicators

6.1 GDP at Constant Prices (US dollar)

6.2 GDP Per-Capita at Constant Prices (US dollar)

6.3 GDP at Current Prices (US dollar)

6.4 Inflation Rate (%)

6.5 Market Capitalization Trend - Jamaica Stock Market, Jamaica

6.6 Exports as a Percentage of GDP

6.7 Imports as a Percentage of GDP

6.8 Healthcare Expenditure Per-Capita

6.9 Employed Population

6.10 Total Population

6.11 Healthcare Expenditure as a Percentage of GDP

7 Appendix

7.1 Methodology

7.2 Contact Us

7.3 About Timetric

7.4 Disclaimer

Companies Mentioned:

  • Advantage General Insurance Company Limited
  • British Caribbean Insurance Company Limited
  • General Accident Insurance Company Limited
  • Globe Insurance Company Of Jamaica Limited
  • Jamaica International Insurance Company Limited
  • Jn General Insurance Company Limited
  • Sagicor Life Jamaica Limited
  • West Indies Alliance Insurance Company Limit

For more information visit

Research and Markets
Laura Wood, Senior Manager
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance
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