Recent Study: The Insurance Industry in Jamaica, Key Trends and Opportunities to 2017
With a 0.5% decline in GDP in 2012, the Jamaican economy is in a state of recession. The island nation's economy remained fragile during the review period, recording three consecutive years of negative growth, exacerbated by the widening current account deficit, depreciating currency and damage from Hurricane Sandy in 2012. The International Monetary Fund (IMF) approved a four-year US$2 billion loan package in 2012 which is expected to stabilize the economy. However, despite the subdued economic conditions, the Jamaican insurance...
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