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

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TABLES TABLE XXV SUMMARY AND VALUATION OF THE POLICIES OF BRITISH AMERICAN INSURANCE COMPANY (TRINIDAD) LIMITED IN RESPECT OF LONG-TERM INSURANCE BUSINESS AS AT DECEMBER 31, 2007 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number of Policies SumS ASsured OFFICE YEARLY PREMIUMS Net Yearly Premiums Net Liability INSURANCE POLICIES $ $ $ $ Ordinary Life 4,302 936,636,533 6,223,055 2,314,834 24,352,738 Unit Linked 12,511 1,569,557,997 25,053,094 64,332,154 Personal Accident 904 105,712,660 1,187,436 63,144 Annuities 24,491 607,541,520 665,700,930 Industrial Life Assurances 4,163 5,307,125 198,807 136,226.00 2,737,586 Total Life Assurances 46,371 2,617,214,315 640,203,912 2,451,060 757,186,552 Investment Contracts 10 6,600,266 7,219,750 Total Investment Contracts 10 6,600,266 7,219,750 Grand Total 46,381 2,617,214,315 646,804,178 2,451,060 764,406,302 SUMMARY AND VALUATION OF THE POLICIES OF BRITISH AMERICAN INSURANCE COMPANY LIMITED IN RESPECT OF LONG-TERM INSURANCE BUSINESS AS AT DECEMBER 31, 2007 (In Respect of Business Done in Trinidad and Tobago Only) $ $ Net Liablilities Under Ordinary Life Policies Net Liabilites Under Personal Accident Policies 88,684,892 63,144 Ordinary Life Fund Personal Accident Fund 91,665,498 754,364 Net Liabilities Under Annuity Policies 672,920,680 Annuity Fund 675,048,071 Net Liabilities Under Industrial Life Policies 2,737,586 Industrial Life Fund 2,790,907 Surplus 5,852,538 Defecit 0 Total 770,258,840 Total 770,258,840 - - - - - - - - 188 REPORT ON INSURANCE AND PENSIONS
TABLES TABLE XXVI SUMMARY AND VALUATION OF THE POLICIES CUNA CARIBBEAN INSURANCE SOCIETY LIMITED IN RESPECT OF LONG-TERM INSURANCE BUSINESS AS AT DECEMBER 31, 2007 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number of Policies BASIC SUM Insured DIVIDENDS Office Net Yearly Yearly Premiums Premiums Net Liability INSURANCE POLICIES $ $ $ $ Group 1- Whole Life 598 22,598,317 330,988 453,092 401,262 6,275,439 Group 1- Term 114 11,743,796 113,052 107,140 100,990 Group 1- Pensions Plus Term and ADB Rider 340 40,355,000 81,600 79,254 Group 1- Endowment 80 2,598,499 11,427 98,959 86,060.00 1,225,428 TOTAL GROUP 1 1,132 77,295,612 342,415 746,703 594,462 7,681,111 Group 6- Other Long Term Insurance Business 0 21,341,202 TOTAL OTHER BUSINESS 0 0 0 21,341,202 POLICY RIDERS EXTRA PREMIUMS CSV DEFICIENCY RESERVE AIDS RESERVE GRAND TOTAL 1,132 77,295,612 342,415 746,703 594,462 29,537,784 VALUATION BALANCE SHEET OF THE LONG-TERM INSURANCE OF CUNA CARIBBEAN INSURANCE SOCIETY LIMITED AS AT DECEMBER 31, 2007 $ $ Net Liabilities under Policies on Register in Trinidad and Tobago 29,537,784 Balance of Long Term Fund per Revenue Account 91,924,603 Other - Outstanding claims on behalf of Individual Ordinary Life 57,424 Surplus (if any) 62,329,395 Deficiency (if any) TOTAL 91,924,603 TOTAL 91,924,603 - - - - - - - - - - - - - - - - - - - - - - - - - - - REPORT ON INSURANCE AND PENSIONS 189
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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
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List of Registered Agents List of A
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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 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 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 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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