BMI View: Jamaica's major life and non-life insurance segments are set to grow at a steady pace over the
next five years. The overall market will, however, remain poorly developed by most standards as a result of
low income levels and limited household spending capacity. These economic factors directly impact on the
potential of product lines to grow and expand. Still, we expect to see double-digit and high single-digit
growth rates in the life and non-life segments respectively, which should offer some attractive prospects to
potential investors and providers.