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

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

Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Jamaican Insurance Industry Overview
3.1 Jamaican Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
4 Industry Segmentation
4.1 Life Insurance
4.2 Individual Life Insurance
4.3 Life Insurance by Category
4.3.1 Individual whole life insurance
4.3.2 Individual general annuity insurance
4.4 Non-Life Insurance
4.4.1 Property insurance
4.4.2 Motor insurance
4.4.3 Liability insurance
4.4.4 Marine, aviation and transit insurance
4.5 Personal Accident and Health Insurance
4.5.1 Personal accident insurance
4.5.2 Health insurance
4.6 Reinsurance
5 Governance, Risk and Compliance
5.1 Legislation Overview and Historical Evolution
5.2 Legislation and Market Practice by Type of Insurance
5.2.1 Life insurance
5.2.2 Property insurance
5.2.3 Motor insurance
5.2.4 Marine, aviation and transit insurance
5.2.5 Personal accident and health insurance
5.3 Compulsory Insurance
5.3.1 Motor third-party liability insurance
5.3.2 National insurance
5.3.3 Banana insurance
5.3.4 Aviation liability insurance
5.4 Supervision and Control
5.4.1 International Association of Insurance Supervisors
5.4.2 Financial Services Commission
5.4.3 Insurance Association of Jamaica (IAJ)
5.5 Non-Admitted Insurance Regulations
5.5.1 Overview
5.5.2 Intermediaries
5.5.3 Market practices
5.5.4 Fines and penalties
5.6 Company Registration and Operations
5.6.1 Types of insurance organization
5.6.2 Establishing a local company
5.6.3 Foreign ownership
5.6.4 Types of license
5.6.5 Capital requirements
5.6.6 Solvency margins
5.6.7 Reserve requirements
5.6.8 Investment regulations
5.6.9 Statutory return requirements
5.6.10 Fee structure
5.7 Taxation
5.7.1 Insurance premium or policy taxation
5.7.2 Withholding taxes on premium paid overseas
5.7.3 Corporate tax
5.7.4 VAT
5.7.5 Captives
5.8 Legal System
5.8.1 Introduction
5.8.2 Access to court
5.8.3 Alternative dispute resolution (ADR)
6 Competitive Landscape
6.1 Overview
6.2 Leading Companies
6.2.1 Sagicor Life Jamaica Ltd – company overview
6.2.2 Guardian Life Ltd – company overview
6.2.3 Advantage General Insurance Company – company overview
6.2.4 Jamaica International Insurance Company – company overview
6.2.5 General Accident Jamaica Ltd – company overview
6.2.6 British Caribbean Insurance Company – company overview
7 Macroeconomic Indicators
7.1 GDP at Constant prices (US$)
7.2 GDP at Current Prices (US$)
7.3 GDP per capita at Current Prices (US$)
7.4 Inflation Rate
7.5 Total Internet Users
7.6 Unemployment Rate (% of Total Labor Force)
7.7 Total Life Expectancy
7.8 Urban and Rural Populations
7.9 Total Population
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric’s Services
8.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Jamaican Insurance Gross Written Premium by Segment (JMD Billion), 2009–2013
Table 3: Jamaican Insurance Gross Written Premium by Segment (US$ Million), 2009–2013
Table 4: Jamaican Insurance Gross Written Premium by Segment (JMD Billion), 2013–2018
Table 5: Jamaican Insurance Gross Written Premium by Segment (US$ Million), 2013–2018
Table 6: Jamaican Insurance Segmentation by Gross Written Premium (Percentage Share), 2009–2018
Table 7: Jamaican Insurance Direct Written Premium by Segment (JMD Billion), 2009–2013
Table 8: Jamaican Insurance Direct Written Premium by Segment (US$ Million), 2009–2013
Table 9: Jamaican Insurance Direct Written Premium by Segment (JMD Billion), 2013–2018
Table 10: Jamaican Insurance Direct Written Premium by Segment (US$ Million), 2013–2018
Table 11: Jamaican Insurance Segmentation by Direct Written Premium (Percentage Share), 2009–2018
Table 12: Jamaican Life Insurance – Gross Written Premium (JMD Billion), 2009–2013
Table 13: Jamaican Life Insurance – Gross Written Premium (JMD Billion), 2013–2018
Table 14: Jamaican Life Insurance – Direct Written Premium (JMD Billion), 2009–2013
Table 15: Jamaican Life Insurance – Direct Written Premium (JMD Billion), 2013–2018
Table 16: Jamaican Individual Life Insurance – Gross Written Premium by Category (JMD Billion), 2009–2013
Table 17: Jamaican Individual Life Insurance – Gross Written Premium by Category (US$ Million), 2009–2013
Table 18: Jamaican Individual Life Insurance – Gross Written Premium by Category (JMD Billion), 2013–2018
Table 19: Jamaican Individual Life Insurance – Gross Written Premium by Category (US$ Million), 2013–2018
Table 20: Jamaican Individual Life Insurance – Direct Written Premium by Category (JMD Billion), 2009–2013
Table 21: Jamaican Individual Life Insurance – Direct Written Premium by Category (US$ Million), 2009–2013
Table 22: Jamaican Individual Life Insurance – Direct Written Premium by Category (JMD Billion), 2013–2018
Table 23: Jamaican Individual Life Insurance – Direct Written Premium by Category (US$ Million), 2013–2018
Table 24: Jamaican Life Insurance – Paid Claims (JMD Billion), 2009–2013
Table 25: Jamaican Life Insurance – Paid Claims (JMD Billion), 2013–2018
Table 26: Jamaican Life Insurance – Incurred Loss (JMD Billion), 2009–2013
Table 27: Jamaican Life Insurance – Incurred Loss (JMD Billion), 2013–2018
Table 28: Jamaican Life Insurance – Loss Ratio (%), 2009–2013
Table 29: Jamaican Life Insurance – Loss Ratio (%), 2013–2018
Table 30: Jamaican Life Insurance – Combined Ratio (%), 2009–2013
Table 31: Jamaican Life Insurance – Combined Ratio (%), 2013–2018
Table 32: Jamaican Life Insurance – Total Assets (JMD Billion), 2009–2013
Table 33: Jamaican Life Insurance – Total Assets (JMD Billion), 2013–2018
Table 34: Jamaican Life Insurance – Total Investment Income (JMD Billion), 2009–2013
Table 35: Jamaican Life Insurance – Total Investment Income (JMD Billion), 2013–2018
Table 36: Jamaican Life Insurance – Retentions (JMD Billion), 2009–2013
Table 37: Jamaican Life Insurance – Retentions (JMD Billion), 2013–2018
Table 38: Jamaican Individual Whole Life Insurance – Gross Written Premium (JMD Billion), 2009–2013
Table 39: Jamaican Individual Whole Life Insurance – Gross Written Premium (JMD Billion), 2013–2018
Table 40: Jamaican Individual General Annuity Insurance – Gross Written Premium (JMD Billion), 2009–2013
Table 41: Jamaican Individual General Annuity Insurance – Gross Written Premium (JMD Billion), 2013–2018
Table 42: Jamaican Non-Life Insurance – Gross Written Premium by Category (JMD Billion), 2009–2013
Table 43: Jamaican Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2009–2013
Table 44: Jamaican Non-Life Insurance – Gross Written Premium by Category (JMD Billion), 2013–2018
Table 45: Jamaican Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2013–2018
Table 46: Jamaican Non-Life Insurance – Direct Written Premium by Category (JMD Billion), 2009–2013
Table 47: Jamaican Non-Life Insurance – Direct Written Premium by Category (US$ Million), 2009–2013
Table 48: Jamaican Non-Life Insurance – Direct Written Premium by Category (JMD Billion), 2013–2018
Table 49: Jamaican Non-Life Insurance – Direct Written Premium by Category (US$ Million), 2013–2018
Table 50: Jamaican Non-Life Insurance – Paid Claims (JMD Billion), 2009–2013
Table 51: Jamaican Non-Life Insurance – Paid Claims (JMD Billion), 2013–2018
Table 52: Jamaican Non-Life Insurance – Incurred Loss (JMD Billion), 2009–2013
Table 53: Jamaican Non-Life Insurance – Incurred Loss (JMD Billion), 2013–2018
Table 54: Jamaican Non-Life Insurance – Loss Ratio (%), 2009–2013
Table 55: Jamaican Non-Life Insurance – Loss Ratio (%), 2013–2018
Table 56: Jamaican Non-Life Insurance – Combined Ratio (%), 2009–2013
Table 57: Jamaican Non-Life Insurance – Combined Ratio (%), 2013–2018
Table 58: Jamaican Non-Life Insurance – Total Assets (JMD Billion), 2009–2013
Table 59: Jamaican Non-Life Insurance – Total Assets (JMD Billion), 2013–2018
Table 60: Jamaican Non-Life Insurance – Total Investment Income (JMD Billion), 2009–2013
Table 61: Jamaican Non-Life Insurance – Total Investment Income (JMD Billion), 2013–2018
Table 62: Jamaican Non-Life Insurance – Retentions (JMD Billion), 2009–2013
Table 63: Jamaican Non-Life Insurance – Retentions (JMD Billion), 2013–2018
Table 64: Jamaican Non-Life Insurance – Total Investment (JMD Billion), 2009–2013
Table 65: Jamaican Property Insurance – Gross Written Premium (JMD Billion), 2009–2013
Table 66: Jamaican Property Insurance – Gross Written Premium (JMD Billion), 2013–2018
Table 67: Jamaican Motor Insurance – Gross Written Premium (JMD Billion), 2009–2013
Table 68: Jamaican Motor Insurance – Gross Written Premium (JMD Billion), 2013–2018
Table 69: Jamaican Liability Insurance – Gross Written Premium (JMD Billion), 2009–2013
Table 70: Jamaican Liability Insurance – Gross Written Premium (JMD Billion), 2013–2018
Table 71: Jamaican Marine, Aviation and Transit Insurance – Gross Written Premium (JMD Billion), 2009–2013
Table 72: Jamaican Marine, Aviation and Transit Insurance – Gross Written Premium (JMD Billion), 2013–2018
Table 73: Jamaican Personal Accident and Health Insurance – Gross Written Premium by Category (JMD Billion), 2009–2013
Table 74: Jamaican Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 75: Jamaican Personal Accident and Health Insurance – Gross Written Premium by Category (JMD Billion), 2013–2018
Table 76: Jamaican Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2013–2018
Table 77: Jamaican Personal Accident and Health Insurance – Direct Written Premium by Category (JMD Billion), 2009–2013
Table 78: Jamaican Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2009–2013
Table 79: Jamaican Personal Accident and Health Insurance – Direct Written Premium by Category (JMD Billion), 2013–2018
Table 80: Jamaican Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2013–2018
Table 81: Jamaican Personal Accident and Health Insurance – Paid Claim (JMD Billion), 2009–2013
Table 82: Jamaican Personal Accident and Health Insurance – Paid Claims (JMD Billion), 2013–2018
Table 83: Jamaican Personal Accident and Health Insurance – Incurred Loss (JMD Billion), 2009–2013
Table 84: Jamaican Personal Accident and Health Insurance – Incurred Loss (JMD Billion), 2013–2018
Table 85: Jamaican Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Table 86: Jamaican Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Table 87: Jamaican Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Table 88: Jamaican Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Table 89: Jamaican Personal Accident and Health Insurance – Total Assets (JMD Billion), 2009–2013
Table 90: Jamaican Personal Accident and Health Insurance – Total Assets (JMD Billion), 2013–2018
Table 91: Jamaican Personal Accident and Health Insurance – Total Investment Income (JMD Billion), 2009–2013
Table 92: Jamaican Personal Accident and Health Insurance – Total Investment Income (JMD Billion), 2013–2018
Table 93: Jamaican Personal Accident and Health Insurance – Retentions (JMD Billion), 2009–2013
Table 94: Jamaican Personal Accident and Health Insurance – Retentions (JMD Billion), 2013–2018
Table 95: Jamaican Personal Accident and Health Insurance – Total Investment (JMD Billion), 2009–2013
Table 96: Jamaican Personal Accident Insurance – Gross Written Premium (JMD Million), 2009–2013
Table 97: Jamaican Personal Accident Insurance – Gross Written Premium (JMD Million), 2013–2018
Table 98: Jamaican Health Insurance – Gross Written Premium (JMD Billion), 2009–2013
Table 99: Jamaican Health Insurance – Gross Written Premium (JMD Billion), 2013–2018
Table 100: Jamaican Reinsurance – Ceded by Insurance Segment (JMD Billion), 2009–2013
Table 101: Jamaican Reinsurance – Ceded by Insurance Segment (US$ Million), 2009–2013
Table 102: Jamaican Reinsurance – Ceded by Insurance Segment (JMD Billion), 2013–2018
Table 103: Jamaican Reinsurance – Ceded by Insurance Segment (US$ Million), 2013–2018
Table 104: Jamaican Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 105: Jamaican Life Insurance – Percentage of Reinsurance Ceded (%),2013–2018
Table 106: Jamaican Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 107: Jamaican Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 108: Jamaican Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 109: Jamaican Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 110: Jamaica – Life Insurance Regulatory Framework
Table 111: Jamaica – Property Insurance Regulatory Framework
Table 112: Jamaica – Motor Insurance Regulatory Framework
Table 113: Jamaica – Fees For Obtaining Insurance Licenses in Jamaica
Table 114: Jamaica – Corporate Tax Rates for Financial Year 2013
Table 115: Jamaican Life Insurance Segment Shares, 2011 and 2012
Table 116: Jamaican Non-Life Insurance Segment Shares, 2011 and 2012
Table 117: Sagicor Life Jamaica Ltd, Main Products
Table 118: Sagicor Life Jamaica Ltd, Key Employees
Table 119: Guardian Life Ltd, Main Products
Table 120: Guardian Life Ltd, Key Employees
Table 121: Advantage General Insurance Company, Main Products
Table 122: Advantage General Insurance Company, Key Employees
Table 123: Jamaica International Insurance Company, Main Products
Table 124: Jamaica International Insurance Company, Key Employees
Table 125: General Accident Jamaica Ltd, Main Products
Table 126: General Accident Jamaica Ltd, Key Employees
Table 127: British Caribbean Insurance Company, Main Products
Table 128: British Caribbean Insurance Company, Key Employees

List of Figures
Figure 1: Jamaican Insurance Gross Written Premium by Segment (JMD Billion), 2009–2018
Figure 2: Jamaican Insurance Gross Written Premium Market Dynamics by Segment, 2009–2018
Figure 3: Jamaican Insurance Direct Written Premium by Segment (JMD Billion), 2009–2018
Figure 4: Jamaican Insurance Direct Written Premium Market Dynamics by Segment, 2009–2018
Figure 5: Jamaican Life Insurance – Gross Written Premium (JMD Billion), 2009–2013
Figure 6: Jamaican Life Insurance – Gross Written Premium (JMD Billion), 2013–2018
Figure 7: Jamaican Life Insurance – Direct Written Premium (JMD Billion), 2009–2013
Figure 8: Jamaican Life Insurance – Direct Written Premium (JMD Billion), 2013–2018
Figure 9: Jamaican Individual Life Insurance – Gross Written Premium by Category (JMD Billion), 2009–2018
Figure 10: Jamaican Individual Life Insurance – Gross Written Premium Dynamics by Category, 2009–2018
Figure 11: Jamaican Individual Life Insurance – Direct Written Premium by Category (JMD Billion), 2009–2018
Figure 12: Jamaican Individual Life Insurance – Direct Written Premium Dynamics by Category, 2009–2018
Figure 13: Jamaican Life Insurance – Paid Claims (JMD Billion), 2009–2013
Figure 14: Jamaican Life Insurance – Paid Claims (JMD Billion), 2013–2018
Figure 15: Jamaican Life Insurance – Incurred Loss (JMD Billion), 2009–2013
Figure 16: Jamaican Life Insurance – Incurred Loss (JMD Billion), 2013–2018
Figure 17: Jamaican Life Insurance – Loss Ratio (%), 2009–2013
Figure 18: Jamaican Life Insurance – Loss Ratio (%), 2013–2018
Figure 19: Jamaican Life Insurance – Combined Ratio (%), 2009–2013
Figure 20: Jamaican Life Insurance – Combined Ratio (%), 2013–2018
Figure 21: Jamaican Life Insurance – Total Assets (JMD Billion), 2009–2013
Figure 22: Jamaican Life Insurance – Total Assets (JMD Billion), 2013–2018
Figure 23: Jamaican Life Insurance – Total Investment Income (JMD Billion), 2009–2013
Figure 24: Jamaican Life Insurance – Total Investment Income (JMD Billion), 2013–2018
Figure 25: Jamaican Life Insurance – Retentions (JMD Billion), 2009–2013
Figure 26: Jamaican Life Insurance – Retentions (JMD Billion), 2013–2018
Figure 27: Jamaican Life Insurance – Total Investment (JMD Billion), 2009–2013
Figure 28: Jamaican Life Insurance – Penetration (% of GDP), 2009–2013
Figure 29: Jamaican Life Insurance – Premium Per-capita (JMD), 2009–2013
Figure 30: Jamaican Individual Whole Life Insurance – Gross Written Premium (JMD Billion), 2009–2013
Figure 31: Jamaican Individual Whole Life Insurance – Gross Written Premium (JMD Billion), 2013–2018
Figure 32: Jamaican Individual General Annuity Insurance – Gross Written Premium (JMD Billion), 2009–2013
Figure 33: Jamaican Individual General Annuity Insurance – Gross Written Premium (JMD Billion), 2013–2018
Figure 34: Jamaican Non-Life Insurance – Gross Written Premium by Category (JMD Billion), 2009–2018
Figure 35: Jamaican Non-Life Insurance – Gross Written Premium by Category (%), 2013 and 2018
Figure 36: Jamaican Non-Life Insurance – Gross Written Premium Dynamics by Category, 2009–2018
Figure 37: Jamaican Non-Life Insurance – Direct Written Premium by Category (JMD Billion), 2009–2018
Figure 38: Jamaican Non-Life Insurance – Direct Written Premium by Category (%), 2013 and 2018
Figure 39: Jamaican Non-Life Insurance – Direct Written Premium Dynamics by Category, 2009–2018
Figure 40: Jamaican Non-Life Insurance – Paid Claims (JMD Billion), 2009–2013
Figure 41: Jamaican Non-Life Insurance – Paid Claims (JMD Billion), 2013–2018
Figure 42: Jamaican Non-Life Insurance – Incurred Loss (JMD Billion), 2009–2013
Figure 43: Jamaican Non-Life Insurance – Incurred Loss (JMD Billion), 2013–2018
Figure 44: Jamaican Non-Life Insurance – Loss Ratio (%), 2009–2013
Figure 45: Jamaican Non-Life Insurance – Loss Ratio (%), 2013–2018
Figure 46: Jamaican Non-Life Insurance – Combined Ratio (%), 2009–2013
Figure 47: Jamaican Non-Life Insurance – Combined Ratio (%), 2013–2018
Figure 48: Jamaican Non-Life Insurance – Total Assets (JMD Billion), 2009–2013
Figure 49: Jamaican Non-Life Insurance – Total Assets (JMD Billion), 2013–2018
Figure 50: Jamaican Non-Life Insurance – Total Investment Income (JMD Billion), 2009–2013
Figure 51: Jamaican Non-Life Insurance – Total Investment Income (JMD Billion), 2013–2018
Figure 52: Jamaican Non-Life Insurance – Retentions (JMD Billion), 2009–2013
Figure 53: Jamaican Non-Life Insurance – Retentions (JMD Billion), 2013–2018
Figure 54: Jamaican Non-Life Insurance – Total Investment (JMD Billion), 2009–2013
Figure 55: Jamaican Non-Life Insurance Penetration (% of GDP), 2009–2013
Figure 56: Jamaican Non-Life Insurance – Premium Per Capita (JMD), 2009–2013
Figure 57: Jamaican Property Insurance – Gross Written Premium (JMD Billion), 2009–2013
Figure 58: Jamaican Property Insurance – Gross Written Premium (JMD Billion), 2013–2018
Figure 59: Jamaican Motor Insurance – Gross Written Premium (JMD Billion), 2009–2013
Figure 60: Jamaican Motor Insurance – Gross Written Premium (JMD Billion), 2013–2018
Figure 61: Jamaican Liability Insurance – Gross Written Premium (JMD Billion), 2009–2013
Figure 62: Jamaican Liability Insurance – Gross Written Premium (JMD Billion), 2013–2018
Figure 63: Jamaican Marine, Aviation and Transit Insurance – Gross Written Premium (JMD Billion), 2009–2013
Figure 64: Jamaican Marine, Aviation and Transit Insurance – Gross Written Premium (JMD Billion), 2013–2018
Figure 65: Jamaican Personal Accident and Health Insurance – Gross Written Premium by Category (JMD Billion), 2009–2018
Figure 66: Jamaican Personal Accident and Health Insurance – Gross Written Premium by Category (%), 2013 and 2018
Figure 67: Jamaican Personal Accident and Health Insurance – Gross Written Premium Dynamics by Category, 2009–2018
Figure 68: Jamaican Personal Accident and Health Insurance – Direct Written Premium by Category (JMD Billion), 2009–2018
Figure 69: Jamaican Personal Accident and Health Insurance – Direct Written Premium by Category (%), 2013 and 2018
Figure 70: Jamaican Personal Accident and Health Insurance – Direct Written Premium Dynamics by Category, 2009–2018
Figure 71: Jamaican Personal Accident and Health Insurance – Paid Claims by Category (JMD Billion), 2009–2013
Figure 72: Jamaican Personal Accident and Health Insurance – Paid Claims (JMD Billion), 2013–2018
Figure 73: Jamaican Personal Accident and Health Insurance – Incurred Loss (JMD Billion), 2009–2013
Figure 74: Jamaican Personal Accident and Health Insurance – Incurred Loss (JMD Billion), 2013–2018
Figure 75: Jamaican Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Figure 76: Jamaican Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Figure 77: Jamaican Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Figure 78: Jamaican Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Figure 79: Jamaican Personal Accident and Health Insurance – Total Assets (JMD Billion), 2009–2013
Figure 80: Jamaican Personal Accident and Health Insurance – Total Assets (JMD Billion), 2013–2018
Figure 81: Jamaican Personal Accident and Health Insurance – Total Investment Income (JMD Billion), 2009–2013
Figure 82: Jamaican Personal Accident and Health Insurance – Total Investment Income (JMD Billion), 2013–2018
Figure 83: Jamaican Personal Accident and Health Insurance – Retentions (JMD Billion), 2009–2013
Figure 84: Jamaican Personal Accident and Health Insurance – Retentions (JMD Billion), 2013–2018
Figure 85: Jamaican Personal Accident and Health Insurance – Total Investment (JMD Billion), 2009–2013
Figure 86: Jamaican Personal Accident and Health Insurance Penetration (% of GDP), 2009–2013
Figure 87: Jamaican Personal Accident and Health Insurance – Premium Per Capita (JMD), 2009–2013
Figure 88: Jamaican Personal Accident Insurance – Gross Written Premium (JMD Million), 2009–2013
Figure 89: Jamaican Personal Accident Insurance – Gross Written Premium (JMD Million), 2013–2018
Figure 90: Jamaican Health Insurance – Gross Written Premium (JMD Billion), 2009–2013
Figure 91: Jamaican Health Insurance – Gross Written Premium (JMD Billion), 2013–2018
Figure 92: Jamaican Reinsurance – Ceded by Insurance Segment (JMD Billion), 2009–2018
Figure 93: Jamaican Reinsurance – Dynamics by Insurance Segment, 2009–2018
Figure 94: Jamaican Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 95: Jamaican Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 96: Jamaican Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 97: Jamaican Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 98: Jamaican Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 99: Jamaican Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 100: Jamaica – Insurance Regulatory Framework
Figure 101: Jamaica – Insurance Supervision and Control at Various Levels
Figure 102: Jamaica – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 103: Jamaican Life Insurance Segment Shares, 2011 and 2012
Figure 104: Jamaican Non-Life Insurance Segment Shares, 2011 and 2012
Figure 105: Jamaican GDP at Constant Prices (US$ Billion), 2009–2013
Figure 106: Jamaican GDP at Current Prices (US$ Billion), 2009–2013
Figure 107: Jamaican GDP Per Capita at Current Prices (US$), 2009–2013
Figure 108: Jamaican Inflation Rate (%), 2009–2013
Figure 109: Jamaican Total Internet Users (Million), 2009–2013
Figure 110: Jamaican Unemployment Rate (%), 2009–2013
Figure 111: Jamaican Total Life Expectancy (Years), 2009–2013
Figure 112: Jamaican Urban and Rural Populations (%), 2009–2013
Figure 113: Jamaican Total Population (Million), 2009–2013