Insurance Association of Jamaica (IAJ) is reporting a significant increase in claims on life insurance policies for the first nine months of 2021, when compared to the corresponding periods in 2020. According to the IAJ, “Death Claims on individual life policies for the period January to September 2021 were up
DEATH OF MICHAEL A. FRASER, OD, JP, CLU CHAIRMAN OF THE JAMAICA MEDICAL FOUNDATION Members of the Insurance Association of Jamaica (IAJ) and the Jamaica Medical Foundation (JMF) an outreach arm of the Insurance Industry, are saddened by the passing of Michael A. Fraser, on January 8, 2022. Age 79
The Minister of Tourism Edmund Bartlett has applauded the pending opening of ROK Hotel Kingston, hailing the development on the Kingston waterfront as an invaluable investment that will add to the revitalisation of the capital. Following a recent meeting with hotel stakeholders, Bartlett said the hotel's opening is coming at
AddThis Sharing Buttons Share to Print Share to FacebookShare to TwitterShare to EmailShare to More 1With another year under COVID-19, the Business Observer has reviewed the performance of the largest movers by market capitalisation in 2021. Winners GraceKennedy Limited (GK) – This conglomerate was the 13th best-performing stock in 2021,
ExxonMobil said on Wednesday that it made two additional oil discoveries off the coast of Guyana as the South American country prepares to become the world’s newest major oil producer. The discoveries occurred in an area where officials believe they can extract at least 10 billion oil-equivalent barrels. The company
New vehicle sales in the United States rebounded slightly last year from 2020’s dismal numbers but were still about two million below the years before the coronavirus pandemic. The reason? Although there are plenty of customers who want to buy new vehicles at hefty prices, there still aren’t enough computer
President of the Caribbean Development Bank (CDB) Hyginus “Gene” Leon is proposing a new strategy to advance regional integration. Leon said the strategy of relying on politicians to implement changes at the national level has not been working and must now be revised. “You have to first start from an
The effect of inflation on each household is unique because no two households are exactly alike, and households combine the goods and services they use in different ways. The items in the ‘basket’ of goods and services used in calculating the consumer price index, or CPI, are placed into 13
The Bank of Jamaica, BOJ, says its trial run for the roll-out of its still unbranded central bank digital currency, CBDC, has been a success despite its take-up by only one financial institution. National Commercial Bank Jamaica, NCB, was the only payment service or wallet provider that was ready to
The Statistical Institute of Jamaica (STATIN) is reporting third-quarter calendar year growth of 5.8 per cent for July to September 2021, compared to the corresponding period in 2020. In a statement on Friday (December 31), STATIN said the outturn was attributable to growth in the services and goods-producing industries, up
