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

TABLES
TABLE XIV
UNDERWRITING RESULTS IN RESPECT OF MOTOR INSURANCE - 2007
COMPANIES
(1)
Unearned
Premium
(Beginning
of year)
(2)
Net
Premium
Written
(3)
Unearned
Premium
(end of year)
(4)
Net
Premiums
Earned
(1+2)-3
(5)
Net
Claims
paid during
the year
(6)
Claims
outstanding
(end of year)
(7)
Claims
outstanding
(beginning
of year)
(8)
Net
Claims
Incurred
(5+6)-7
(9)
8 as a
% of 4
(10)
Expenses of
Management
and Net
Commissions
(11)
10 as a
per cent of
4
(12)
Total
Premium
Payments
(8+10)
(13)
12 as a
% of 4
(14)
Profit or
(Loss)
(4-12)
(15)
Profit or
(Loss)
per cent
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
LOCAL
American Life and General Insurance
Company (T&T) Ltd.
Bankers Insurance Company (T&T) Ltd.
Capital Insurance Ltd.
Caribbean Insurance Company Ltd.
Citizen Insurance Company Ltd.
Colonial Fire General Insurance Company Ltd.
Furness Anchorage General Insurance Ltd.
GTM Fire Insurance Co. Ltd.
Guardian General Insurance Ltd.
Gulf Insurance Ltd.
Maritime General Insurance Company Ltd.
Motor and General Insurance Company Ltd.
Motor One Insurance Company Ltd.
Nationwide Insurance (Casualty &
General) Company Ltd.
Royal Caribbean Insurance Ltd.
The Beacon Insurance Company Ltd
The Goodwill General Insurance Company Ltd.
The Great Northern Insurance Company Ltd.
The Mountain General Insurance Company Ltd.
The New India Assurance Company (T&T) Ltd.
The Presidential Insurance Company Ltd.
The Reinsurance Company of T&T Ltd.
The Western General Insurance Company Ltd.
Trinidad & Tobago Insurance Ltd.
TOTAL
$
9,374,808
9,908,549
31,389,345
41,691,857
535,198
9,490,511
60,044,591
5,832,783
30,054,867
10,936,827
9,853,481
13,708,912
8,385,495
7,348,970
43,540,669
292,096,863
$
22,026,673
17,870,081
73,585,790
117,303,828
3,673,272
21,206,847
149,626,712
13,318,920
97,459,915
30,988,062
21,278,955
29,049,571
32,932,837
23,750,198
96,184,795
750,256,455
$
11,477,422
10,677,425
41,470,114
51,740,792
570,822
12,822,553
68,787,856
7,929,265
42,422,472
16,077,956
13,429,569
17,722,495
14,429,473
12,752,997
55,248,206
377,559,418
$
19,924,060
17,101,204
63,505,021
107,254,893
3,637,648
17,874,805
140,883,447
11,222,438
85,092,310
25,846,933
$
$
$ $ % $ % $ % $ %
8,615,803 12,309,214 56,330,442 4,727,018 9,758,091 40,392,857 4,594,779 13,141,824 32,407,381 8,748,042 8,925,480 64,315,918 43.91 52.19 101.28 4,184,602
6,104,370
12,967,640
2,258,643
I N C O M P U L S O R Y L I Q U I D A T I O N
50,737,963 29,641,586 20,910,636 59,468,913 55.45 44,466,571
1,533,626 191,172 452,812 1,271,986 34.97 460,147
8,512,651 4,499,452 3,674,305 9,337,798 52.24 6,646,059
82,514,906 98,012,430 77,427,231 103,100,106 73.18 43,218,113
7,558,749 8,217,457 6,674,275 9,101,931 81.10 4,333,813
43,934,078 55,825,260 42,388,530 57,370,808 67.42 29,537,917
N O A C C O U N T S S U B M I T T E D
14,026,610 3,479,098 2,352,265 15,153,443 58.63 9,999,863
I N C O M P U L S O R Y L I Q U I D A T I O N
448,866 3,284,456 3,600,285 133,037
133,037
17,702,867 7,617,137 16,166,752 12,466,270 11,317,619 63.93 5,768,051 32.58 17,085,670
I N C O M P U L S O R Y L I Q U I D A T I O N
N O A C C O U N T S S U B M I T T E D
N O A C C O U N T S S U B M I T T E D
25,035,988 26,888,858 18,346,171 11,071,046 14,365,911 7,331,128 13,355,226 9,566,295 8,409,085 9,830,218 8,212,420 7,121,472 14,596,054 15,719,786 8,618,741 58.30 58.46 46.98 10,128,501 11,796,486 9,045,999 40.46 43.87 49.31 24,724,555
27,516,272
17,664,740
R E G I S T R A T I O N C A N C E L L E D J U L Y 2 0 0 7
84,477,258 664,793,900 42,028,066 368,936,196 43,879,800 349,406,034 45,692,564 290,947,267 40,215,302 427,394,963 47.60 896 19,636,320 220,553,095
23.24 501 59,851,622
647,948,058
21.00
35.70
20.42
41.46
12.65
37.18
30.68
38.62
34.71
38.69
12,932,644
15,029,850
77,283,558
2,258,643
103,935,483
1,732,133
15,983,857
146,318,219
13,435,744
86,908,725
25,153,306
64.91
87.89
121.70
96.91
47.62
89.42
103.86
119.72
102.13
97.32
96.51
98.76
102.33
96.29
70.85
1,396
6,991,416
2,071,354
(13,778,537)
(2,258,643)
3,319,409
1,905,515
1,890,948
(5,434,772)
(2,213,306)
(1,816,415)
693,627
(133,037)
617,197
311,433
(627,413)
681,430
24,625,636
16,845,842
35.09
12.11
(21.70)
3.09
52.38
10.58
(3.86)
(19.72)
(2.13)
2.68
3.49
1.24
(2.33)
3.71
29.15
103.79
1. United Insurance Company Ltd.
TOTAL
GRAND TOTAL
CARIBBEAN
17,744,647 47,855,989 25,688,965 39,911,671 20,368,652 13,610,949 12,332,824 21,646,777 54.24 7,159,615 17.94 28,806,392 72.18 11,105,279 27.82
17,744,647
309,841,510
47,855,989
798,112,444
25,688,965
403,248,383
39,911,671
704,705,571
20,368,652
389,304,848
13,610,949
363,016,983
12,332,824
303,280,091
21,646,777
449,041,740
54
895.64
7,159,615
227,712,710
18
500.56
28,806,392
676,754,450
72
1,468
11,105,279
27,951,121
28
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REPORT ON INSURANCE AND PENSIONS 175