The NCB Financial Group is awaiting the green light from regulator the Financial Services Commission, FSC, to begin streamlining its insurance arm. Having taken over large regional insurance conglomerate Guardian Holdings Limited last year, NCB is now looking transfer the insurance and annuities business of NCB Insurance Company, NCBIC, to

The Bank of Jamaica (BOJ) is maintaining its policy interest rate at 0.50 per cent per annum for at least another month. The BOJ's policy interest rate is the rate the bank offers to deposit-taking institutions on overnight placements. The decision by the BOJ to hold its policy rate unchanged

Health insurance providers are reshaping the way they do business to deal with the fallout or exploit opportunities from the COVID-19 pandemic, which they say has not been as harmful to their business as first anticipated. In what they describe as a mixed bag, the insurers have seen a fall-off

Jamaica's inflation rate for April 2020 was 0.2 per cent as the All Jamaica Consumer Price Index (CPI) moved from 103.5 in March 2020 to 103.7. The Statistical Institute of Jamaica (STATIN) issued the new figures in a release on Wednesday. The April 2020 bulletin introduces a new CPI series.

While the COVID-19 pandemic has proven catastrophic for the global economy, companies that are able to quickly adapt to combat the impacts of crises are the ones that investors are particularly interested in, according to Dmitri Dawkins, managing director of Graft Ventures. “In the last recession in 2008/2009 we had

WASHINGTON, DC, United States (CMC) — A new study by the Inter-American Bank (IDB) says Latin America and the Caribbean (LAC) will suffer “an unprecedented economic shock” from a sharp downturn in tourism as a result of the novel coronavirus (COVID-19) pandemic. The report, 'Extreme Outlier: The Pandemic's Unprecedented

In a bid to strengthen its local insurance portfolio and optimise its product and service offerings and customer experience, the National Commercial Bank Financial Group (NCBFG) has commenced the process of streamlining the insurance business currently offered by its competing subsidiaries — NCB Insurance Company Limited (NCBIC) and Guardian Life

GENEVA, Switzerland – The number of working hours lost across the world in the first half of 2020 was significantly worse than previously estimated. The highly uncertain recovery in the second half of the year will not be enough to go back to pre-pandemic levels, even in the best scenario,

INTERNATIONAL payment company Mastercard in its latest study has found that more customers worldwide are utilising e-commerce platforms and digital payment services. This they said stems from the constraints imposed on the daily lives of consumers as a result of COVID-19, which has been changing the way how people shop.

THE Jamaican economy declined by 2.3 per cent in the first quarter of 2020 when compared to the similar quarter of 2019. That was the announcement made yesterday by the Statistical Institute of Jamaica (STATIN) in a release. In the release STATIN said the 2.3 per cent decline of the