BMI View: While we have a positive long-term outlook for the Jamaican insurance industry, both major life and non-life segments will remain poorly developed by most standards. This has been primarily due to low incomes and limited household spending capacity. Over our long-term forecast period, however, we foresee both markets to grow in line with the country's wider economic growth. This will likely imply an increased uptake of life and non-life products. This presents positive prospects for potential investors and insurance providers to expand their operations into new product markets over the coming years.