Dr Nigel Clarke (second left), minister of finance, discusses inclusive insurance with (From left): Orville Johnson, executive director and Sharon Donaldson, president of the IAJ; Dirk Reinhard, vice chair of the Munich Re Foundation and chairman of the Steering Committee of ICII 2022, and Katharine Pulvermacher, executive director of the Microinsurance Network.

MINISTER of Finance Dr Nigel Clarke has indicated that government will by next year begin to table legislation that will fast-track the development of micro-insurance locally.

The move, which has been talked about for a while and was first proposed a few years back, the minister said is to also rank among the growing list of pioneering steps taken by the country.

“We will table the micro-insurance legislation in 2023. This country has prioritised economic resilience and we also take risk mitigation and insurance seriously. We have a vested interest in making insurance more widely accessible and available in Jamaica

https://www.jamaicaobserver.com/business/jamaica-aims-to-lead-micro-insurance-legislation-in-the-caribbean/