Key Insurance Company, known for its motor and property policies, has developed a turnaround plan for the business to achieve profitability and improve its capital ratios. It comes in the wake of a breach of Key’s minimum capital test for its full year ended December 2018, which its auditor, PricewaterhouseCoopers,
While there are many enjoying good financial health due to the personal and business loans which they assume, there are many who are licking the wounds resulting from poor borrowing decisions or from their reduced ability to service their debts due to changed circumstances. From the questions I receive from
Investment banker Peter Melhado has been appointed chairman of Sagicor Group Jamaica Limited, effective July 2, 2019. The announcement was made yesterday during a special meeting of directors of the company. Melhado succeeds Richard Byles, who was appointed governor of the Bank of Jamaica. Byles stepped down as chairman and
The Insurance Association of Jamaica (IAJ) says the majority of death claims in the industry are now coming from critical illnesses such as cancers, cardiovascular disease and diabetes, which has triggered a change in life insurance habits over the past three years. Vice-president of the association, Vernon James says 25
This week we're continuing the series on simple investment explanations. By now you must have heard about the latest IPO (initial public offering) coming from Sagicor — the Sagicor Select Funds IPO. This is supposed to be the first publicly listed Index Fund in Jamaica. Let's find out what an
TOKYO, Japan (CMC) — A new World Bank report says that people in developing countries, including the Caribbean, spend half a trillion dollars annually – over US$80 per person – out of their own pockets to access health services. The report, which was launched ahead of the G20 Summit in
Steven Gooden, Chief Executive Officer of NCB Capital Markets, is warning that the increasing liquidity in the economy might result in heightened risk to the financial market if left unchecked. This, he said, is against the background of the local administration seeking to reduce the debt to GDP to 60%
The labour force contracted by 1.6 per cent to 1, 337 575 workers, with males (53.9 per cent) still outnumbering females. Average annual employment improved by 1.3 per cent to a record 1, 215, 975 workers. Unemployment rates in 2018 continued to trend down to 9.1 per cent from 11.7
The fear of being diagnosed with cancer and other non-communicable diseases (NCDs) has triggered a shift in life insurance buying habits among Jamaicans, resulting in 25 per cent of new policies bought over the last three years falling in the critical illness category. Executive director of the Insurance Association of
ALMOST 1,200 new cases of HIV/AIDS were diagnosed in Jamaica last year as the number of persons across the island living with the disease climbed to 26,426. This moved the country's HIV/AIDS prevalence to 1.8 per cent in the general population, up from 1.7 in 2017. The figures are contained
