Despite geopolitical and domestic threats to lives and livelihoods, the Executive Director of the Financial Services Division (FSC) says there is still a low level of insurance saturation among Jamaicans. He was speaking at the recently concluded, international conference on inclusive insurance in Kingston. Only a small percentage of the local population has life insurance and an even […]
From left: Sandra Lawrence, accounts manager, University of the Commonwealth Caribbean (UCC); Michael Gordon, chief innovation officer, UCC; Richard Mitchell, group manager — digital and social media marketing, UCC; Tennille Howell-Hussey, manager of Business Development and Consulting Institute, UCC Group; Dr Haldane Davies, president, UCC; Denniston Brown, managing director, Niche Financing Ltd; D’Andra Walters-Brown, operations […]
tile food and energy, rose 6.3 per cent in the past 12 months and 0.3 per cent from September. The numbers were all lower than economists had expected. Helping to drive the inflation slowdown from September to October were used car prices, which dropped for a fourth straight month. Also down were the prices of […]
THE Insurance Company of the West Indies (ICWI), title sponsors of Pink Run — a five-kilometre road race to raise funds for Jamaica Reach to Recovery (JR2R) — is reporting a record-breaking $9 million in net proceeds raised from the 20th staging on October 30 at Hope Gardens. “Our teams were laser focused on ensuring […]
Home equity loans have longer terms for repayment and lenders view this arrangement as highly secure. IF you’re already a homeowner, chances are that you have already started to explore ways in which you can utilise your asset to increase your wealth. In the current market, you may find that it’s hard to get credit […]
The Government is proposing to increase the National Budget by approximately $60 billion. The additional spending is contained in the First Supplementary Estimates 2022/2023, which was tabled in the House of Representatives this afternoon by Finance Minister Dr Nigel Clarke. https://jamaica-gleaner.com/article/news/20221108/govt-proposing-approximately-60-billion-increase-national-budget
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) said it has since October had to make payments totalling US$15.2 million for events associated with the 2022 hurricane season to at least three of its member governments. According to the regional insurance fund facility, a total of four payments were made to countries namely: Nicaragua, which received […]
Nearly 60 years after Jamaica’s Independence, only 18 per cent of the population, including public sector workers, can count on a pension to provide some income stability in retirement. Sanya Goffe, president of the Pensions Industry Association of Jamaica (PIAJ), explains that after 40 years of work the most vulnerable may become dependent on social […]
Dr Nigel Clarke (second left), minister of finance, discusses inclusive insurance with (From left): Orville Johnson, executive director and Sharon Donaldson, president of the IAJ; Dirk Reinhard, vice chair of the Munich Re Foundation and chairman of the Steering Committee of ICII 2022, and Katharine Pulvermacher, executive director of the Microinsurance Network. MINISTER of Finance […]
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