Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ... Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 1. TABLES TABLE V REVENUE ACCOUNT IN RESPECT OF GROUP LIFE INSURANCE - 2007 INCOME COMPANIES FUNDS AT THE BEGINNING OF THE YEAR PREMIUMS CONSIDERATION FOR ANNUITIES AND OTHER DEPOSITS TOTAL PREMIUMS COMMISSION RECEIVED NET Interest Other Transfers from Reserves TOTAL Other Other SINGLE SINGLE LOCAL $ $ $ $ $ $ $ $ $ $ $ American Life and General Insurance Company (T&T) Ltd. 48,198 10,960,165 10,960,165 3,566 11,011,929 Bancassurance Caribbean Ltd. 14,921,231 1,475,296 1,475,296 2,639,823 (473,614) 18,562,736 Colonial Life Insurance Company (Trinidad) Ltd. 18,481,432 16,441,737 16,441,737 1,173,416 36,096,586 Cuna Caribbean Insurance Society Ltd. 36,539,273 36,539,273 2,912,642 39,451,915 Guardian General Insurance Ltd. 232,818 10,519 243,338 Guardian Life of the Caribbean Ltd. 5,964,699 18,755,542 18,755,542 290,249 (540,956) 24,469,534 Maritime Life (Caribbean) Ltd. 881,495 881,495 881,495 Scotialife Trinidad and Tobago Ltd. 2,185,925 14,513,673 14,513,673 1,968,066 18,667,664 Tatil Life Assurance Ltd. 467,324 14,032 2,396,083 2,410,115 7,922,646 4,485,621 15,285,706 The Beacon Insurance Company Ltd. 50,200 153,900 153,900 386,999 2,127 593,226 TOTAL 42,351,827 34,758,543 67,372,654 0 0 102,131,197 386,999 16,923,055 3,471,051 0 165,264,129 CARIBBEAN Sagicor Life Inc. 2,358,040 14,143,483 14,143,483 447,202 181,157 334,440 17,464,322 TOTAL 2,358,040 14,143,483 14,143,483 447,202 181,157 334,440 17,464,322 OTHER Sun Life Assurance Company of Canada 14,070 14,070 14,070 TOTAL 14,070 14,070 14,070 GRAND TOTAL 44,709,867 34,758,543 81,530,207 0 0 116,288,750 834,201 17,104,212 3,805,491 0 182,742,521 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 164 REPORT ON INSURANCE AND PENSIONS
TABLES TABLE V continued REVENUE ACCOUNT IN RESPECT OF GROUP LIFE INSURANCE - 2007 EXPENDITURE COMPANIES CLAIMS Surrender (including Surrender of Bonuses) LOCAL DEATH MATURITIES OTHER Annuities Total Policy Payments OTHER EXPENSES Other Transfers Commissions Expenses of Management Funds at the end of the Year to Profit and Loss $ $ $ $ $ $ $ $ $ $ $ $ TOTAL 1. American Life and General Insurance Company (T&T) Ltd. 4,818,386 4,818,386 1,235,930 4,115,196 (3,783) 50,009 796,191 11,011,929 2. Bancassurance Caribbean Ltd. 17,924,030 17,924,030 861,406 135,060 2,172,589 (2,530,349) 18,562,736 3. Colonial Life Insurance Company (Trinidad) Ltd. 12,478,538 12,478,538 1,176,990 8,657,781 598,016 18,481,432 (5,296,170) 36,096,586 4. Cuna Caribbean Insurance Society Ltd. 22,657,108 22,657,108 594,149 5,963,622 10,237,036 39,451,915 5. Guardian General Insurance Ltd. 249,997 (6,659) 243,338 6. Guardian Life of the Caribbean Ltd. 3,039,057 3,039,057 1,245,186 2,932,551 6,100,591 11,152,150 24,469,534 7. Maritime Life (Caribbean) Ltd. 586,000 586,000 38,732 74,204 182,559 881,495 8. Scotialife Trinidad and Tobago Ltd. 588,203 588,203 656,701 862,880 7,398,769 9,161,112 18,667,664 9. Tatil Life Assurance Ltd. 742,000 742,000 60,202 217,158 78,760 453,027 13,734,559 15,285,706 10. The Beacon Insurance Company Ltd. (7,500) (7,500) 7,452 47,317 72,954 46,900 426,103 593,226 TOTAL 62,247,321 578,500 62,825,821 5,015,342 23,732,115 881,006 34,953,313 37,856,532 165,264,128 CARIBBEAN 1. Sagicor Life Inc. 4,908,933 4,908,933 2,054,751 3,088,775 2,355,026 5,056,837 17,464,322 TOTAL 4,908,933 0 0 0 0 4,908,933 2,054,751 3,088,775 0 2,355,026 5,056,837.00 17,464,322 OTHER 1. Sun Life Assurance Company of Canada 22,000 5,368 27,368 (13,298) 14,070 TOTAL 22,000 27,368 14,070 GRAND TOTAL 67,178,254 0 578,500 0 0 67,762,122 7,070,093 26,820,890 881,006 37,308,339 42,913,369 182,742,520 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - REPORT ON INSURANCE AND PENSIONS 165
- Page 116 and 117: APPENDIX B LIST OF REGISTERED AGENT
- Page 118 and 119: List of Registered Agents List of A
- Page 120 and 121: List of Registered Agents List of A
- Page 122 and 123: List of Registered Agents List of A
- Page 124 and 125: List of Registered Agents List of A
- Page 126 and 127: List of Registered Agents List of A
- Page 128 and 129: List of Registered Agents List of A
- Page 130 and 131: List of Registered Agents List of A
- Page 132 and 133: List of Registered Agents List of A
- Page 134 and 135: List of Registered Agents List of A
- Page 136 and 137: List of Registered Agents List of A
- Page 138 and 139: List of Registered Agents List of A
- Page 140 and 141: List of Registered Agents List of A
- Page 142 and 143: APPENDIX C LIST OF BROKERS REGISTER
- Page 144 and 145: APPENDIX D LIST OF REGISTERED ADJUS
- Page 146 and 147: Appendix e LIST OF PENSION PLANS RE
- Page 148 and 149: Appendix e LIST OF PENSION PLANS RE
- Page 150 and 151: Appendix e INSURED PENSION FUND PLA
- Page 152 and 153: Appendix e INSURED PENSION FUND PLA
- Page 154 and 155: Appendix e INSURED PENSION FUND PLA
- Page 156 and 157: Appendix e ANNUITIES 1. A.S. Bryden
- Page 158 and 159: Appendix e list of registered pensi
- Page 160 and 161: TABLES TABLE I REVENUE ACCOUNT IN R
- Page 162 and 163: - 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11
- Page 164 and 165: 1. 2. 3. 4. 1. 2. 3. 4. TABLES TABL
- Page 168 and 169: 1. 2. 3. 4. 5. TABLES TABLE VI REVE
- Page 170 and 171: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
- Page 172 and 173: TABLES TABLE X COMPANIES LOCAL 1. A
- Page 174 and 175: 172TABLES TABLE XIA STATEMENT OF ST
- Page 176 and 177: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
- Page 178 and 179: TABLES TABLE XV REVENUE ACCOUNT IN
- Page 180 and 181: TABLES TABLE XVI REVENUE ACCOUNT IN
- Page 182 and 183: TABLES TABLE XVIII REVENUE ACCOUNT
- Page 184 and 185: 1. 2. 3. 4. 1. 2. 1. 2. 3. 4. 1. 2.
- Page 186 and 187: TABLES TABLE XXI UNDERWRITING RESUL
- Page 188 and 189: TABLES TABLE XXIII SUMMARY AND VALU
- Page 190 and 191: TABLES TABLE XXV SUMMARY AND VALUAT
- Page 192 and 193: TABLES TABLE XXVII SUMMARY AND VALU
- Page 194 and 195: TABLES TABLE XXIX SUMMARY AND VALUA
- Page 196 and 197: TABLES TABLE XXXI SUMMARY AND VALUA
- Page 198 and 199: TABLES TABLE XXXIII DEPOSIT ADMINIS
- Page 200 and 201: TABLES TABLE XXXIII continued DEPOS
- Page 202 and 203: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
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- Page 206 and 207: TABLES TABLE XXXV NAME OF PLAN Fund
- Page 208 and 209: TABLES TABLE XXXV continued SELF-AD
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TABLES<br />
TABLE V<br />
REVENUE ACCOUNT IN RESPECT OF GROUP LIFE INSURANCE - <strong>2007</strong><br />
INCOME<br />
COMPANIES FUNDS AT THE<br />
BEGINNING<br />
OF THE YEAR<br />
PREMIUMS CONSIDERATION FOR<br />
ANNUITIES AND OTHER<br />
DEPOSITS<br />
TOTAL<br />
PREMIUMS<br />
COMMISSION<br />
RECEIVED<br />
NET Interest Other Transfers<br />
from<br />
Reserves<br />
TOTAL<br />
Other Other<br />
SINGLE SINGLE<br />
LOCAL<br />
$ $ $ $ $ $ $ $ $<br />
$ $<br />
American Life <strong>and</strong> General <strong>Insurance</strong> Company<br />
(T&T) Ltd.<br />
48,198<br />
10,960,165<br />
10,960,165<br />
3,566<br />
11,011,929<br />
Bancassurance Caribbean Ltd.<br />
14,921,231 1,475,296<br />
1,475,296<br />
2,639,823 (473,614)<br />
18,562,736<br />
Col<strong>on</strong>ial Life <strong>Insurance</strong> Company (<strong>Trinidad</strong>) Ltd. 18,481,432<br />
16,441,737<br />
16,441,737<br />
1,173,416<br />
36,096,586<br />
Cuna Caribbean <strong>Insurance</strong> Society Ltd.<br />
36,539,273<br />
36,539,273<br />
2,912,642<br />
39,451,915<br />
Guardian General <strong>Insurance</strong> Ltd.<br />
232,818<br />
10,519<br />
243,338<br />
Guardian Life <strong>of</strong> the Caribbean Ltd.<br />
5,964,699 18,755,542<br />
18,755,542<br />
290,249 (540,956)<br />
24,469,534<br />
Maritime Life (Caribbean) Ltd.<br />
881,495<br />
881,495<br />
881,495<br />
Scotialife <strong>Trinidad</strong> <strong>and</strong> Tobago Ltd.<br />
2,185,925 14,513,673<br />
14,513,673<br />
1,968,066<br />
18,667,664<br />
Tatil Life Assurance Ltd.<br />
467,324<br />
14,032 2,396,083<br />
2,410,115<br />
7,922,646 4,485,621<br />
15,285,706<br />
The Beac<strong>on</strong> <strong>Insurance</strong> Company Ltd.<br />
50,200<br />
153,900<br />
153,900<br />
386,999<br />
2,127<br />
593,226<br />
TOTAL<br />
42,351,827 34,758,543 67,372,654<br />
0<br />
0 102,131,197<br />
386,999 16,923,055 3,471,051<br />
0 165,264,129<br />
CARIBBEAN<br />
Sagicor Life Inc.<br />
2,358,040<br />
14,143,483<br />
14,143,483<br />
447,202<br />
181,157<br />
334,440<br />
17,464,322<br />
TOTAL<br />
2,358,040<br />
14,143,483<br />
14,143,483<br />
447,202<br />
181,157<br />
334,440<br />
17,464,322<br />
OTHER<br />
Sun Life Assurance Company <strong>of</strong> Canada<br />
14,070<br />
14,070<br />
14,070<br />
TOTAL<br />
14,070<br />
14,070<br />
14,070<br />
GRAND TOTAL<br />
44,709,867 34,758,543 81,530,207<br />
0<br />
0 116,288,750<br />
834,201 17,104,212 3,805,491<br />
0 182,742,521<br />
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164<br />
REPORT ON INSURANCE AND PENSIONS
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