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

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TABLES TABLE XXVII SUMMARY AND VALUATION OF POLICIES OF GUARDIAN LIFE OF THE CARIBBEAN 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 Insured Bonus Office Premiums Net PREMIUMS NeT LIABILITY $ $ $ $ $ INSURANCE POLICIES Group 1 - With full participation in profits Less Reassurance TOTAL NET FULL PARTICIPATION 1,600 1,600 - 163,826,162 5,692,014 158,134,148 69,699,862 - 69,699,862 2,776,994 160,321 2,616,673 1,463,010 1,463,010 - 73,569,155 80,161 73,488,994 With Quarter Participation in Profits Less Reassurance TOTAL NET QUARTER PARTICIPATION 402 402 - 31,739,027 639,610 31,099,417 3,554,218 - 3,554,218 335,564 28,817 306,747 258,611 - 258,611 9,704,423 14,408 9,690,015 Bonus Provision - - - - - 3,737,573 TOTAL NET GROUP 1 2,002 189,233,565 73,254,080 2,923,420 1,721,621 86,916,582 Group 3 - Without participation in profits Less Reassurance 85,266 - 29,695,831,877 7,901,592,141 166,258 - 371,814,162 24,789,438 9,920,345 - 794,178,141 13,224,164 TOTAL NET GROUP 3 85,266 21,794,239,736 166,258 347,024,724 9,920,345 780,953,977 Group 5 - Annuities Less Reassurance 47,713 - 69,122,672 - 463,587 - 241,475,586 - 138,624 - 2,226,516,036 - TOTAL NET GROUP 5 47,713 69,122,672 463,587 241,475,586 138,624 2,226,516,036 Group 6 - Other Long Term Insurance Business Less Reassurance 225 - 6,451,627,745 2,644,728,615 - - 20,319,552 4,442,828 - - 7,452,790 1,276,490 TOTAL NET GROUP 6 225 3,806,899,130 - 15,876,724 - 6,176,300 GRAND TOTAL 135,206 25,859,495,103 73,883,925 607,300,454 11,780,590 3,100,562,895 VALUATION BALANCE SHEET OF GUARDIAN LIFE OF THE CARIBBEAN LIMITED IN REPECT OF BUSINESS DONE IN TRINIDAD AND TOBAGO ONLY AS AT DECEMBER 31, 2007 $’000 $’000 Actuarial Reserves Participating Policies Non Participating Policies 87,059 3,013,707 3,100,766 Value of Assets 4,264,192 Investment & Contingency Reserve Participating Policies Non Participating Policies 36,934 231,079 268,013 Current Liabilities (409,103) Unappropriated Surplus Participating Policies Non Participating Policies 235,041 176,363 411,404 Share Capital Shareholder’s account Revaluation Reserve 53,349 3,044 18,513 TOTAL 3,855,089 TOTAL 3,855,089 190 REPORT ON INSURANCE AND PENSIONS
TABLES TABLE XXVIII SUMMARY AND VALUATION OF THE POLICIES OF MEGA INSURANCE COMPANY LIMITED IN RESPECT OF LONG-TERM INSURANCE BUSINESS AS AT DECEMBER 31, 2007 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number Sums of Insured Policies BonusES Office Net NeT Premiums PREMIUMS LIABILITY $ $ INSURANCE POLICIES $ $ Group 1 - With Immediate Participation in profits Less Reinsurance Group 2 - With Deferred Participation in profits 854 33,026,121 9,286,071 2,403,980 644,964 644,964 6,164,401 (220,569) TOTAL NET INSURANCE WITH PROFITS 854 23,740,050 2,403,980 644,964 644,964 6,384,970 Group 3 - Without participation in profits Less Reinsurance 13,000 1,835,517,979 311,382,061 25,195,501 19,286,232 52,119,680 (2,324,506) TOTAL NET INSURANCE WITHOUT PROFITS 13,000 1,524,135,918 0 25,195,501 19,286,232 54,444,186 Group 4 - Endowments Less Reinsurance 270 8,249,755 613,994 302,236 324,309 324,309 4,321,415 (1,224) TOTAL NET ENDOWMENTS 270 7,635,761 302,236 324,309 324,309 4,322,639 Group 5 - Annuities Less Reinsurance 7,142 78,343,285 TOTAL NET ANNUITIES 7,142 78,343,285 Group 6 - Other Long-Term Insurance Business 353 350,238 350,238 16,455 TOTAL NET OTHER INSURANCES 353 350,238 350,238 16,455 GRAND TOTAL 21,619 1,555,511,729 2,706,216 26,515,012 20,605,743 143,503,308 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - REPORT ON INSURANCE AND PENSIONS 191
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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 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 190 and 191: TABLES TABLE XXV SUMMARY AND VALUAT
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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