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 ...
INSURANCE COMPANIES 3.17 Net Premium Income in respect of each company carrying on long-term business for the years 2003 to 2007 was as follows: SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME - LONG-TERM BUSINESS Companies 2003 (000) $ 2004 (000) $ 2005 (000) $ 2006 (000) $ 2007 (000) $ LOCAL American Life and General Insurance Company (Trinidad and Tobago) Limited 89,352 97,099 104,398 142,413 152,252 Bancassurance Caribbean Limited 6,621 5,803 7,801 6,858 4,881 British American Insurance Company (Trinidad) Limited 82,626 153,082 169,721 239,480 334,937 Caribbean Atlantic Life Insurance Company (Trinidad and Tobago) Limited 297 270 254 222 220 Caribbean Insurance Company Limited NIL NIL NIL NIL NIL Colonial Life Insurance Company (Trinidad) Limited 2,990,769 3,362,862 3,049,652 3,291,271 5,055,605 Cuna Caribbean Insurance Society Limited 34,598 40,726 49,096 59,130 70,117 Guardian General Insurance Limited 2,151 - - (7) - Guardian Life of the Caribbean Limited 514,188 519,266 145,046 151,604 189,416 Maritime Life (Caribbean) Limited 81,931 71,391 71,791 80,895 89,837 Mega Insurance Company Limited 26,903 28,373 27,099 26,519 26,179 Nationwide Insurance Company Trinidad Limited 4,420 2,461 2,415 2,888 3,035 ScotiaLife Trinidad and Tobago Limited - 35,452 56,234 48,727 88,796 Tatil Life Assurance Limited 67,269 72,135 66,753 65,133 73,201 The Beacon Insurance Company Limited 55 49 49 114 160 The Demerara Life Assurance Company of Trinidad and Tobago Limited NR NR 1,561 NR NR 24 REPORT ON INSURANCE AND PENSIONS
LONG-TERM INSURANCE BUSINESS SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME - LONG-TERM BUSINESS (continued) Companies 2003 (000) $ 2004 (000) $ 2005 (000) $ 2006 (000) $ 2007 (000) $ LOCAL The Reinsurance Company of Trinidad and Tobago Limited 238 217 198 105 120 The Western General Insurance Company Limited NIL NIL NIL NIL NIL United Security Life Insurance Company Limited 305 249 241 207 493 TOTAL 3,901,723 4,389,435 3,752,309 4,115,561 6,089,250 REGIONAL Life of Barbados Limited 19,968 17,000 - - - Sagicor Life Inc. 158,185 183,044 240,657 251,060 322,739 TOTAL 178,153 200,044 240,657 251,060 322,739 OTHER Lincoln Assurance Limited - - - - - Cuna Mutual Insurance Society 941 - - - - Sun Life Assurance Company of Canada 29 40 39 36 37 TOTAL 970 40 39 36 37 GRAND TOTAL 4,080,846 4,589,519 3,993,005 4,366,657 6,412,026 (See Figure 8) NR – Returns Not Received REPORT ON INSURANCE AND PENSIONS 25
- Page 1: ISSN 1995-7173
- Page 4 and 5: TABLE OF CONTENTS Paragraph Referen
- Page 6 and 7: TABLE OF CONTENTS LIST OF TABLES TA
- Page 8 and 9: OVERVIEW OF THE INSURANCE INDUSTRY
- Page 10 and 11: OVERVIEW OF THE INSURANCE INDUSTRY
- Page 12 and 13: OVERVIEW OF THE INSURANCE INDUSTRY
- Page 14 and 15: PART I - INSURANCE COMPANIES 3. LON
- Page 16 and 17: INSURANCE COMPANIES New Business Wr
- Page 18 and 19: INSURANCE COMPANIES FIGURE 5 Long-T
- Page 20 and 21: INSURANCE COMPANIES 3.06 Policies d
- Page 22 and 23: INSURANCE COMPANIES 3.10 Assets pla
- Page 24 and 25: INSURANCE COMPANIES Local Assets Ra
- Page 28 and 29: INSURANCE COMPANIES FIGURE 7 Long-T
- Page 30 and 31: INSURANCE COMPANIES REINSURANCE 3.1
- Page 32 and 33: GENERAL INSURANCE BUSINESS 4. GENER
- Page 34 and 35: INSURANCE COMPANIES Statutory Depos
- Page 36 and 37: INSURANCE COMPANIES DEPOSITS RETAIN
- Page 38 and 39: INSURANCE COMPANIES GENERAL INSURAN
- Page 40 and 41: INSURANCE COMPANIES SCHEDULE SHOWIN
- Page 42 and 43: INSURANCE COMPANIES Underwriting Re
- Page 44 and 45: INSURANCE COMPANIES REINSURANCE - M
- Page 46 and 47: INSURANCE COMPANIES SCHEDULE SHOWIN
- Page 48 and 49: INSURANCE COMPANIES FIGURE 10 OTHER
- Page 50 and 51: INSURANCE COMPANIES REINSURANCE - P
- Page 52 and 53: INSURANCE COMPANIES REINSURANCE - O
- Page 54 and 55: INSURANCE COMPANIES MARGIN OF SOLVE
- Page 56 and 57: INSURANCE COMPANIES 5. ASSOCIATION
- Page 58 and 59: INSURANCE INTERMEDIARIES Examinatio
- Page 60 and 61: PENSION FUND PLANS 7.09 The followi
- Page 62 and 63: PENSION FUND PLANS Balance Sheets 7
- Page 64 and 65: PENSION FUND PLANS FIGURE 12 PENSIO
- Page 66 and 67: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 68 and 69: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 70 and 71: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 72 and 73: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 74 and 75: ACTUARIAL INVESTIGATIONS SUMMARIES
INSURANCE COMPANIES<br />
3.17 Net Premium Income in respect <strong>of</strong> each company carrying <strong>on</strong> l<strong>on</strong>g-term business for the<br />
years 2003 to <strong>2007</strong> was as follows:<br />
SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME - LONG-TERM BUSINESS<br />
Companies<br />
2003<br />
(000)<br />
$<br />
2004<br />
(000)<br />
$<br />
2005<br />
(000)<br />
$<br />
2006<br />
(000)<br />
$<br />
<strong>2007</strong><br />
(000)<br />
$<br />
LOCAL<br />
American Life <strong>and</strong> General <strong>Insurance</strong><br />
Company (<strong>Trinidad</strong> <strong>and</strong> Tobago) Limited<br />
89,352<br />
97,099<br />
104,398<br />
142,413<br />
152,252<br />
Bancassurance Caribbean Limited<br />
6,621<br />
5,803<br />
7,801<br />
6,858<br />
4,881<br />
British American <strong>Insurance</strong> Company<br />
(<strong>Trinidad</strong>) Limited<br />
82,626<br />
153,082<br />
169,721<br />
239,480<br />
334,937<br />
Caribbean Atlantic Life <strong>Insurance</strong><br />
Company (<strong>Trinidad</strong> <strong>and</strong> Tobago) Limited<br />
297<br />
270<br />
254<br />
222<br />
220<br />
Caribbean <strong>Insurance</strong> Company Limited<br />
NIL<br />
NIL<br />
NIL<br />
NIL<br />
NIL<br />
Col<strong>on</strong>ial Life <strong>Insurance</strong> Company<br />
(<strong>Trinidad</strong>) Limited<br />
2,990,769<br />
3,362,862<br />
3,049,652<br />
3,291,271<br />
5,055,605<br />
Cuna Caribbean <strong>Insurance</strong> Society<br />
Limited<br />
34,598<br />
40,726<br />
49,096<br />
59,130<br />
70,117<br />
Guardian General <strong>Insurance</strong> Limited<br />
2,151<br />
-<br />
-<br />
(7)<br />
-<br />
Guardian Life <strong>of</strong> the Caribbean Limited<br />
514,188<br />
519,266<br />
145,046<br />
151,604<br />
189,416<br />
Maritime Life (Caribbean) Limited<br />
81,931<br />
71,391<br />
71,791<br />
80,895<br />
89,837<br />
Mega <strong>Insurance</strong> Company Limited<br />
26,903<br />
28,373<br />
27,099<br />
26,519<br />
26,179<br />
Nati<strong>on</strong>wide <strong>Insurance</strong> Company <strong>Trinidad</strong><br />
Limited<br />
4,420<br />
2,461<br />
2,415<br />
2,888<br />
3,035<br />
ScotiaLife <strong>Trinidad</strong> <strong>and</strong> Tobago Limited<br />
-<br />
35,452<br />
56,234<br />
48,727<br />
88,796<br />
Tatil Life Assurance Limited<br />
67,269<br />
72,135<br />
66,753<br />
65,133<br />
73,201<br />
The Beac<strong>on</strong> <strong>Insurance</strong> Company Limited<br />
55<br />
49<br />
49<br />
114<br />
160<br />
The Demerara Life Assurance Company <strong>of</strong><br />
<strong>Trinidad</strong> <strong>and</strong> Tobago Limited<br />
NR<br />
NR<br />
1,561<br />
NR<br />
NR<br />
24<br />
REPORT ON INSURANCE AND PENSIONS
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