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 ...
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
1.<br />
2.<br />
3.<br />
4.<br />
5.<br />
6.<br />
7.<br />
8.<br />
9.<br />
10.<br />
11.<br />
12.<br />
13.<br />
14.<br />
15.<br />
16.<br />
17.<br />
18.<br />
19.<br />
20.<br />
21.<br />
22.<br />
23.<br />
24.<br />
1.<br />
TABLES<br />
TABLE XIII<br />
STATEMENT OF STATUTORY FUND - LIABILITY OF POLICY HOLDERS AND ASSETS HELD IN TRUST<br />
- MOTOR INSURANCE - <strong>2007</strong><br />
COMPANIES<br />
FUNDS AT END OF YEAR<br />
DEDUCTIONS<br />
ASSETS HELD IN FUND<br />
LOCAL<br />
American Life <strong>and</strong> General <strong>Insurance</strong> Company<br />
(T&T) Ltd.<br />
Unearned<br />
Premium<br />
Reserve<br />
$<br />
11,477,422<br />
Estimated<br />
Liability<br />
in respect <strong>of</strong><br />
outst<strong>and</strong>ing<br />
Claims<br />
$<br />
4,727,018<br />
Other Total Amount Other<br />
Fund<br />
Liability held <strong>on</strong> Deducti<strong>on</strong>s Requirements<br />
Deposit<br />
$<br />
$<br />
16,204,440<br />
$<br />
$<br />
1,169,797<br />
$<br />
15,034,643<br />
<strong>Trinidad</strong><br />
<strong>and</strong><br />
Tobago<br />
Government<br />
Securities<br />
$<br />
11,968,897<br />
Fixed<br />
Deposits<br />
$<br />
Other<br />
<strong>Trinidad</strong><br />
<strong>and</strong><br />
Tobago<br />
Assets<br />
Total<br />
<strong>Trinidad</strong><br />
<strong>and</strong><br />
Tobago<br />
Assets<br />
Caricom<br />
Assets<br />
Total<br />
“Local”<br />
Assets<br />
Foreign<br />
Assets<br />
Total<br />
Assets<br />
More or<br />
(less) than<br />
Fund<br />
Requirements<br />
$ $ $ $ $ $ $<br />
11,968,897<br />
11,968,897<br />
11,968,897<br />
(3,065,746)<br />
<strong>Bank</strong>ers <strong>Insurance</strong> Company (T&T) Ltd.<br />
10,677,425 9,758,091<br />
20,435,516 2,230,016 4,339,894 13,865,606<br />
1,149,970 3,042,979 4,192,949<br />
4,192,949<br />
4,192,949 (9,672,657)<br />
Capital <strong>Insurance</strong> Ltd.<br />
37,700,103 40,392,857 3,770,011 81,862,971 18,886,240 1,184,643 61,792,088 500,000 1,000,000 41,801,725 43,301,725<br />
43,301,725<br />
43,301,725 (18,490,363)<br />
Caribbean <strong>Insurance</strong> Company Ltd.<br />
Citizen <strong>Insurance</strong> Company Ltd.<br />
I N C O M P U L S O R Y L I Q U I D A T I O N<br />
Col<strong>on</strong>ial Fire & General <strong>Insurance</strong> Company Ltd. 51,740,792 29,641,586<br />
81,382,378 47,292,132 7,896,395 26,193,851 12,861,986 17,946,926<br />
30,808,912<br />
30,808,912<br />
30,808,912 4,615,061<br />
Furness Anchorage General <strong>Insurance</strong> Ltd,.<br />
570,822 191,172<br />
761,994<br />
273,415 488,579<br />
533,335 533,335<br />
533,335<br />
533,335 44,756<br />
GTM <strong>Insurance</strong> Company Ltd.<br />
12,822,553 4,499,452<br />
17,322,005 8,576,080 2,123,701 6,622,224 4,155,122<br />
3,955,421 8,110,543<br />
8,110,543<br />
8,110,543 1,488,319<br />
Guardian General <strong>Insurance</strong> Ltd.<br />
68,787,856 98,012,430<br />
166,800,286 63,394,320 20,405,570 83,000,396 4,172,248<br />
111,460,795 115,633,043<br />
115,633,043<br />
115,633,043 32,632,647<br />
Gulf <strong>Insurance</strong> Ltd.<br />
7,929,265 8,217,457<br />
16,146,722 5,199,941 4,952,088 5,994,693<br />
1,608,235 5,287,382 6,895,617<br />
6,895,617<br />
6,895,617 900,924<br />
Maritime General <strong>Insurance</strong> Company Ltd.<br />
42,422,472 55,825,260<br />
98,247,732 40,816,141 6,215,376 51,216,215<br />
45,786,780 9,809,732 55,596,512<br />
55,596,512<br />
55,596,512 4,380,297<br />
Motor <strong>and</strong> General <strong>Insurance</strong> Company Ltd.<br />
Motor One <strong>Insurance</strong> Company Ltd.<br />
16,077,956 3,479,098<br />
19,557,054 14,757,845 4,441,057 358,152<br />
N O A C C O U N T S S U B M I T T E D<br />
1,225,000 1,225,000<br />
1,225,000<br />
1,225,000 866,848<br />
Nati<strong>on</strong>wide <strong>Insurance</strong> (Casualty & General) Co. Ltd.<br />
Royal Caribbean <strong>Insurance</strong> Ltd.<br />
3,284,456<br />
3,284,456<br />
I N C O M P U L S O R Y L I Q U I D A T I O N<br />
3,284,456 1,253,226<br />
2,368,579 3,621,805<br />
3,621,805<br />
3,621,805 337,349<br />
The Beac<strong>on</strong> <strong>Insurance</strong> Company Ltd.<br />
13,429,569 16,166,752<br />
The Goodwill General <strong>Insurance</strong> Company Ltd.<br />
29,596,321 10,520,766 2,066,003 17,009,552 1,109,500<br />
8,653,840 9,763,340<br />
I N C O M P U L S O R Y L I Q U I D A T I O N<br />
9,763,340<br />
9,763,340 (7,246,212)<br />
The Great Northern <strong>Insurance</strong> Company Ltd.<br />
N O A C C O U N T S S U B M I T T E D<br />
The Mountain General <strong>Insurance</strong> Company Ltd.<br />
The New India Assurance Company (T&T) Ltd. 17,722,495 13,355,226<br />
N O T W R I T I N G B U S I N E S S<br />
31,077,721 12,513,960 5,143,811 13,419,950 4,963,000 5,604,004 4,935,560 15,502,564<br />
15,502,564<br />
15,502,564 2,082,614<br />
The Presidential <strong>Insurance</strong> Company Ltd.<br />
14,429,473 9,566,295<br />
23,995,768 8,797,568 6,998,197 8,200,003<br />
3,496,923 3,496,923<br />
3,496,923<br />
3,496,923 (4,703,080)<br />
The Reinsurance Company <strong>of</strong> T&T Ltd.<br />
12,752,997 8,409,085<br />
21,162,082 4,886,178 3,526,778 12,749,126<br />
4,963,306 4,963,306<br />
4,963,306<br />
4,963,306 (7,785,820)<br />
The Western General <strong>Insurance</strong> Company Ltd.<br />
R E G I S T R A T I O 2,007 N C A N C E L L E D J U L Y 2 0 0 7<br />
<strong>Trinidad</strong> <strong>and</strong> Tobago <strong>Insurance</strong> Ltd.<br />
55,248,206 43,879,800<br />
99,128,006 46,187,968 6,318,790 46,621,248 13,780,000<br />
54,627,218 68,407,218<br />
68,407,218<br />
68,407,218 21,785,970<br />
TOTAL<br />
CARIBBEAN<br />
Sagicor General <strong>Insurance</strong> Inc.<br />
373,789,406<br />
25,688,965<br />
349,406,035 3,770,011<br />
13,610,949<br />
726,965,452<br />
39,299,914<br />
284,059,155<br />
24,805,937<br />
77,055,515<br />
14,335,333<br />
365,852,789<br />
158,644<br />
54,763,979<br />
13,901,000<br />
73,095,914 256,161,795<br />
551,704<br />
384,021,688<br />
14,452,704<br />
384,021,688<br />
14,452,704<br />
384,021,688<br />
14,452,704<br />
18,168,899<br />
14,294,060<br />
TOTAL<br />
25,688,965 13,610,949<br />
39,299,914 24,805,937 14,335,333 158,644 13,901,000<br />
551,704 14,452,704<br />
14,452,704<br />
14,452,704 14,294,060<br />
GRAND TOTAL<br />
399,478,371 363,016,984 3,770,011 766,265,366 308,865,092 91,390,848 366,011,433 68,664,979 73,095,914 256,713,499 398,474,392<br />
398,474,392<br />
398,474,392 32,462,959<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
174<br />
REPORT ON INSURANCE AND PENSIONS
Change language