Jamaica insurance sector on a positive track
Jamaica insurance sector on a positive track
Jamaica’s insurance sector continues to expand, with total assets just shy of the $600-billion mark and capital buffers showing improvement, the Financial Services Commission, FSC, indicated in its June quarter review of the sector. Asset growth was estimated at over 10 per cent by the regulator, year-on-year, having gained $56.5 billion to reach $598.3 billion. The majority of those assets, $490 billion, was held by life companies, and that figure in turn mostly comprised investment assets valued at $443 million.