Content type

Jamaica Insurance Key View

Insurance / Jamaica / Thu 23 Mar, 2023

Key View: In line with the small size of the country and the population, Jamaica's insurance industry writes a low volume of premiums and has limited long-term growth prospects. Demand is currently restricted to basic covers but is expected to diversify as incomes pick up and confidence increases. Steady economic growth will be essential for

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Jamaican Economy To Pick Up More Notably In 2023

Country Risk / Jamaica / Wed 13 Jul, 2022

Key View

  • We at Fitch Solutions have downwardly revised our real GDP growth forecast for Jamaica to 2.9% in 2022.
  • This is down from our previous forecast of 3.9%, due to the impacts of elevated global commodity prices amid the war in Ukraine.
  • We then forecast real GDP growth will accelerate to 5.2% in 2023, owing to a low statistical base
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Jamaica Insurance SWOT

Insurance / Jamaica / Mon 05 Jul, 2021

SWOT ANALYSIS

Strengths

  • It is a relatively immature market with major growth potential, particularly outside the major lines.
  • The fragmented non-life market offers scope for acquisitions and new entrants.
  • Limited competition means that investors and new entrants are likely to enjoy high levels of profitability.
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E-Commerce Developing In Jamaica But Logistic Risks To Navigate

Food & Drink / Jamaica / Tue 11 May, 2021

Key View

  • At Fitch Solutions, we highlight opportunities in Jamaica for the development of e-commerce, in particular the food segment. We forecast food and non-alcoholic drink spending to increase by an average annual rate of 7.8% y-o-y over the medium term (2021-2025).
  • The country benefits from a young population as well as from improving
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