Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...

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1. 2. 3. 4. 5. TABLES TABLE VI REVENUE ACCOUNT IN RESPECT OF GROUP PENSION INSURANCE - 2007 INCOME COMPANIES FUNDS AT THE BEGINNING OF THE YEAR NET PREMIUM TOTAL PREMIUM COMMISSION RECEIVED NET INTEREST Other TOTAL LOCAL $ $ $ $ $ $ $ 1. American Life and General Insurance Company (T&T) Ltd. 219,946,912 11,608,506 11,608,506 18,372,150 249,927,568 2. Colonial Life Insurance Company (Trinidad) Ltd. 7,890,885,749 4,867,307,033 4,867,307,033 574,002,621 13,332,195,403 3. Guardian Life of the Caribbean Ltd. 88,039,318 2,740,969 (4,018,639) 86,761,648 4. Maritime Life (Caribbean) Ltd. 50,740,349 3,118,940 3,118,940 2,740,809 (1) 56,600,098 5. Tatil Life Assurance Ltd. 21,841,008 3,079,774 3,079,774 18,452,646 11,077,639 54,451,068 TOTAL 8,271,453,336 4,885,114,253 4,885,114,253 616,309,196 7,058,999 13,779,935,785 EXPENDITURE COMPANIES CLAIMS Surrender (including Surrender of Bonuses) DEATH OTHER Annuities Total Policy Payments OTHER EXPENSES Other Transfers to Profit Expenses of and Loss Commissions Management Funds at the end of the Year TOTAL LOCAL $ $ $ $ $ $ $ $ $ $ $ American Life and General Insurance Company (T&T) Ltd. 7,797,142 4,205,792 12,002,934 45,469 3,773,676 0 1,275,601 232,829,888 249,927,568 Colonial Life Insurance Company (Trinidad) Ltd. 3,713,729 54,907,784 1,660,282,058 424,585,980 2,143,489,552 140,582,654 143,723,843 206,815,555 0 10,697,583,800 13,332,195,403 Guardian Life of the Caribbean Ltd. 773,133 773,133 966,112 0 (5,265,109) 90,287,511 86,761,648 Maritime Life (Caribbean) Ltd. 2,276,241 2,276,241 251,631 0 (270,908) 54,343,134 56,600,098 Tatil Life Assurance Ltd. 140,333 2,206,292 2,346,625 1,406 346,704 118,140 26,163,603 25,474,590 54,451,068 TOTAL 4,486,863 57,184,025 1,668,219,533 430,998,064 2,160,888,485 - 140,629,529 149,061,965 206,933,695 21,903,188 11,100,518,923 13,779,935,785 - - - - - - - - - - - - - - - - - - - - - - 166 REPORT ON INSURANCE AND PENSIONS
1. 2. 3 4 5. TABLES TABLE VII REVENUE ACCOUNT IN RESPECT OF DEPOSIT ADMINISTRATION CONTRACTS/UNIT LINKED FUNDS - 2007 INCOME COMPANIES FUNDS BROUGHT FORWARD CONTRIBUTIONS INTEREST Other TOTAL LOCAL $ $ $ $ $ 1. Colonial Life Insurance Company (Trinidad) Ltd. 1,011,308,126 74,729,552 92,843,611 15,501,849 1,194,383,138 2. Demerara Life Assurance Company of T&T Ltd. 0 0 0 0 0 3. Guardian Life of the Caribbean Ltd. 360,892,017 0 33,294,751 22,948,328 417,135,096 4. Sagicor Life Inc. 405,269,516 31,706,438 33,678,661 (16,695,463) 453,959,152 5. Tatil Life Assurance Ltd. 116,300,140 0 9,111,289 11,996,012 137,407,441 TOTAL 1,893,769,799 106,435,990 168,928,312 33,750,726 2,202,884,827 EXPENDITURE COMPANIES AnnuitY PURCHASED Surrender of Units Claims Administration Fees Commissions Paid MANAGEMENT EXPENSES Other FUNDS TOTAL CARRIED FORWARD LOCAL $ $ $ $ $ $ $ $ $ Colonial Life Insurance Company (Trinidad) Ltd. 151,769,899 4,886,196 10,063,077 172,685,981 854,977,985 1,194,383,138 Demerara Life Assurance Company of T&T Ltd. Guardian Life of the Caribbean Ltd. 28,792,925 60,646 100,813 1,314,583 1,067,844 385,798,284 417,135,096 Sagicor Life Inc. 33,893,246 916,251 (30,274,111) 449,423,766 453,959,152 Tatil Life Assurance Ltd. 2,114,303 5,441,710 129,851,428 137,407,441 TOTAL 214,456,070 2,114,303 10,388,552 100,813 12,293,912 143,479,714 1,820,051,463 2,202,884,827 - - - - - - - - - - - - - - - - - - - - - - - - REPORT ON INSURANCE AND PENSIONS 167
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ISSN 1995-7173
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TABLE OF CONTENTS Paragraph Referen
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TABLE OF CONTENTS LIST OF TABLES TA
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OVERVIEW OF THE INSURANCE INDUSTRY
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PART I - INSURANCE COMPANIES 3. LON
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INSURANCE COMPANIES New Business Wr
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INSURANCE COMPANIES FIGURE 5 Long-T
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INSURANCE COMPANIES 3.06 Policies d
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INSURANCE COMPANIES 3.10 Assets pla
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INSURANCE COMPANIES Local Assets Ra
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INSURANCE COMPANIES 3.17 Net Premiu
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INSURANCE COMPANIES FIGURE 7 Long-T
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INSURANCE COMPANIES REINSURANCE 3.1
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GENERAL INSURANCE BUSINESS 4. GENER
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INSURANCE COMPANIES Statutory Depos
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INSURANCE COMPANIES DEPOSITS RETAIN
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INSURANCE COMPANIES GENERAL INSURAN
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INSURANCE COMPANIES SCHEDULE SHOWIN
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INSURANCE COMPANIES Underwriting Re
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INSURANCE COMPANIES REINSURANCE - M
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INSURANCE COMPANIES SCHEDULE SHOWIN
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INSURANCE COMPANIES FIGURE 10 OTHER
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INSURANCE COMPANIES REINSURANCE - P
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INSURANCE COMPANIES REINSURANCE - O
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INSURANCE COMPANIES MARGIN OF SOLVE
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INSURANCE COMPANIES 5. ASSOCIATION
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INSURANCE INTERMEDIARIES Examinatio
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PENSION FUND PLANS 7.09 The followi
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PENSION FUND PLANS Balance Sheets 7
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PENSION FUND PLANS FIGURE 12 PENSIO
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ACTUARIAL INVESTIGATIONS SUMMARIES
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APPENDIX A Directors: Secretary: Au
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APPENDIX A Directors: Secretary: Au
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APPENDIX A CARIBBEAN INSURANCE COMP
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APPENDIX A COLONIAL FIRE AND GENERA
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APPENDIX A CUNA CARIBBEAN INSURANCE
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APPENDIX A FURNESS ANCHORAGE GENERA
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APPENDIX A GUARDIAN GENERAL INSURAN
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APPENDIX A GULF INSURANCE LIMITED I
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APPENDIX A MARITIME LIFE (CARIBBEAN
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APPENDIX A MOTOR ONE INSURANCE COMP
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APPENDIX A THE REINSURANCE COMPANY
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APPENDIX A SAGICOR GENERAL INSURANC
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APPENDIX A SCOTIALIFE INSURANCE LIM
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APPENDIX A TATIL LIFE ASSURANCE LIM
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APPENDIX A THE GREAT NORTHERN INSUR
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APPENDIX A THE PRESIDENTIAL INSURAN
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APPENDIX A UNITED INSURANCE COMPANY
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APPENDIX B LIST OF REGISTERED AGENT
Page 118 and 119: 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 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 166 and 167: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 1
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.
Page 204 and 205: 51. 52. 53. 54. 55. 56. 57. 58. 59.
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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