LOCAL INSURANCE companies are looking at incentivising the use of dash cams, as they say it will assist in reducing fraudulent claims and speed up the settlement of claims. One such company is JN General Insurance Company (JNGI). “JNGI is looking at how to incentivise policyholders who use dash cams,
Jamaica’s largest banking conglomerate NCB Financial Group believes it has found the right formula for its digital wallet as a market disruptor that won’t end up cannibalising its own business. The wallet known as Lynk offers mostly free payment services that at times compete against the bank to which it
The Inflation Reduction Act of 2022, a compromise bill by the US Senate Democrats, addresses not just inflation, but several key, long-standing problems facing the United States economy and society. There is a simmering debate about the causes of today’s inflation; but regardless of what side one takes, this bill
Prone to hurricane and other natural disasters, hotel groups in the Caribbean are the focus of a new campaign launched by emergency catastrophe expenses provider Yokahu. Yokahu, a parametric insurtech start-up, through its hurricane and tropical cyclone insurance, seeks to offer rapid disaster relief finance to vulnerable everyday people in
Published:Wednesday | August 10, 2022 | 12:09 AM More than $70 million in pension benefits for 161 beneficiaries who are yet to be identified by the Financial Sector Adjustment Company Limited (FINSAC) could be handed over to the Supreme Court. In its 2021 annual report that was tabled in Parliament
There has been a decline in the number of Jamaican households receiving remittances. Don Anderson, head of Market Research Limited, which conducted the study, revealed on Tuesday that the remittance tracking survey shows the percentage of households receiving funds from overseas fell for two consecutive years. "The last reported
WASHINGTON, CMC – A new report from the Inter-American Development Bank (IDB) recommends that Caribbean countries focus on overcoming obstacles to financial access and inclusion for businesses, because having more developed and inclusive financial systems could increase growth and reduce poverty and income inequality. The report, titled “Finance for
Business "Give me a tax break for that" Nestlé pushes for carbon credits for environmental management BY DASHAN HENDRICKS Business content manager hendricksd@jamaicaobserver.com Aug 07, 2022 12:48 am · 1 comment Antoinette Johnson Peart, safety, health and environment, general services and distribution centre manager for Nestlé Jamaica. (Photo: Joseph Wellington)
Caribbean Assurance Brokers Limited, CAB, is back in the safe zone for the three months up to June 2022, having spun from losses of $13 million to profit of $2.6 million. Revenue also rose 13 per cent year-on-year to $91.5 million. CEO Tania Waldron-Gooden is confident that the insurance brokerage
SPUR Tree Spices has inked a deal with Massy Distributors to help the company to build market share and brand equity in the region. Spur Tree Spices currently exports directly to the United States, Canada, the United Kingdom, Cayman Islands, Costa Rica, and Australia. This new partnership is expected
