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Hike in health insurance premiums imminent - IAJ

Jamaicans will soon be hit with an increase in health insurance premiums.
 
The Insurance Association of Jamaica (IAJ) says the hike in premiums is imminent as the sector has experienced an increase in costs over the last 18 months.
 
The IAJ says the pandemic has gravely impacted insurers ability to maintain current premium levels.
 
According to the IAJ, insurance companies have offered concessions to their clients including discounted premiums and extended premium schedules in light of the challenges faced by companies due to the global health crisis.
 


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