1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends

The Insurance Industry in Jamaica, Key Trends and Opportunities to 2018

  • March 2015
  • 177 pages
  • Timetric
Report ID: 1084353

Summary

Table of Contents

Search Inside

Synopsis
Timetric’s “The Insurance Industry in Jamaica, Key Trends and Opportunities to 2018” report provides detailed analysis of the market trends, drivers, challenges in the Jamaican insurance industry. It provides values of a number of Key Performance Indicators (KPI) such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2014–2018). The report also provides detailed information pertaining to the competitive landscape in the country.
This brings together Timetric’s research, modeling, and analysis expertise in order to develop an insightful report. This allows insurers to identify industry dynamics, competitive advantage and profile of insurers operating in the country. The report also covers a detailed regulatory policies and recent changes in regulatory structure.

Summary
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 segment and category

- The competitive landscape in the Jamaican insurance industry

- The current trends and drivers in the Jamaican insurance industry

- Challenges facing the Jamaican insurance industry

- The detailed regulatory framework of the Jamaican insurance industry

Scope
This report provides a comprehensive analysis of the insurance industry in Jamaica:

- It provides historical values for the Jamaican insurance industry for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.

- It offers a detailed analysis of the key segments and categories in the Jamaican insurance industry, along with forecasts until 2018.

- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.

- It profiles the top insurance companies in Jamaica, and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast industry data related to the Jamaican insurance industry and each segment within it.

- Understand the demand-side dynamics, key trends and growth opportunities in the Jamaican insurance industry.

- Assess the competitive dynamics in the Jamaican insurance industry.

- Identify the growth opportunities and market dynamics in key segments.

- Gain insights into key regulations governing the Jamaican insurance industry, and their impact on companies and the industry's future.

Key Highlights
- The Jamaican insurance industry grew in terms of gross written premium value, recording a CAGR of 10.4% during the review period (2009–2013)

- Motor insurance was the largest category within the non-life segment, followed by property insurance and liability insurance

- Increasing life expectancy in Jamaica is likely to propel demand for health insurance products over the forecast period

- The country’s high debt ratio is a matter of concern for the insurance industry

- Increasing competition in the industry is resulting in a rise in M&As

- The Jamaican insurance industry is served by 10 general insurers and five life insurers as of March 2014.

- The insurance industry is supervised and regulated by the Financial Services Commission (FSC) of Jamaica

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

UK Commercial Insurance Distribution 2017

  • $ 5250
  • Industry report
  • May 2017
  • by GlobalData

UK Commercial Insurance Distribution 2017 Summary "UK Commercial Insurance Distribution 2017", report provides an in-depth study into the trends of commercial insurance distribution. The report discusses ...

Implementing Cognitive Systems in Insurance Organizations

  • $ 3960
  • Industry report
  • July 2017
  • by IDC

This study is intended to help business and IT executives in insurance organizations (insurers and intermediary organizations) understand what cognitive systems are, why they are relevant, and how they ...

Property Insurance in Emerging Asia

  • $ 3800
  • Industry report
  • May 2017
  • by Timetric

Synopsis Timetric’s 'Insight Report: Property Insurance in Emerging Asia' analyzes the rapidly growing economies in Emerging Asia, and identifies opportunities in the midst of economic growth and low ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.