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

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INSURANCE COMPANIES REINSURANCE - MOTOR INSURANCE BUSINESS - 2007 (continued) Companies LOCAL GROSS PREMIUMS NET PREMIUMS NET RETENTION RATIO $ $ % The Presidential Insurance Company Limited 35,497,533 32,932,837 92.78 The Reinsurance Company of Trinidad & Tobago 26,057,753 23,750,198 91.14 Trinidad and Tobago Insurance Limited 100,830,266 96,184,795 95.39 GRAND TOTAL 843,523,706 798,112,445 94.66 42 REPORT ON INSURANCE AND PENSIONS
GENERAL INSURANCE BUSINESS GENERAL INSURANCE - OTHER THAN LONG-TERM OR MOTOR 4.14 Twenty (20) companies submitted Returns under this broad category, including three (3) life insurance companies transacting Personal Accident and Group Health businesses. 4.15 Group Health Insurance accounted for 44.1% of the premium in this category of business; five (5) insurers transacted this class of business during the year 2007. Details are in Tables XVI-XX Change in Premium Income 4.16 During the year 2007 net premium income totaled $618.9 million, an increase of 10.9% over the 2006 net premium income of $558.3 million. 4.17 Premium Income in respect of individual companies during the years 2003 to 2007 was as follows: SCHEDULE SHOWING NET PREMIUM INCOME FOR PERIOD 2003 to 2007 – OTHER THAN LONG-TERM OR MOTOR BUSINESS Companies 2003 (000) $ 2004 (000) $ 2005 (000) $ 2006 (000) $ 2007 (000) $ LOCAL American Life and General Insurance Company (Trinidad and Tobago) Limited 56,882 56,484 41,777 61,336 77,372 Bankers Insurance Company of Trinidad and Tobago Limited 2,527 2,099 5,692 5,883 10,460 British-American Insurance Company (Trinidad) Limited 2,148 1,932 298 2348 5,562 Capital Insurance Limited 74 76 8 122 84 Citizen Insurance Company Limited Colonial Fire and General Insurance Company Limited 112 59,959 96 63,132 66 65,418 NR 69,285 IN COMPULSORY LIQUIDATION 76,724 Export-Import Bank of Trinidad and Tobago Limited 2,229 2,526 2,290 2,085 2,125 NR – Returns Not Received REPORT ON INSURANCE AND PENSIONS 43
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 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 26 and 27: INSURANCE COMPANIES 3.17 Net Premiu
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 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 82 and 83: APPENDIX A Directors: Secretary: Au
Page 84 and 85: APPENDIX A Directors: Secretary: Au
Page 86 and 87: APPENDIX A CARIBBEAN INSURANCE COMP
Page 88 and 89: APPENDIX A COLONIAL FIRE AND GENERA
Page 90 and 91: APPENDIX A CUNA CARIBBEAN INSURANCE
Page 92 and 93: APPENDIX A FURNESS ANCHORAGE GENERA
Page 94 and 95:
APPENDIX A GUARDIAN GENERAL INSURAN
Page 96 and 97:
APPENDIX A GULF INSURANCE LIMITED I
Page 98 and 99:
APPENDIX A MARITIME LIFE (CARIBBEAN
Page 100 and 101:
APPENDIX A MOTOR ONE INSURANCE COMP
Page 102 and 103:
APPENDIX A THE REINSURANCE COMPANY
Page 104 and 105:
APPENDIX A SAGICOR GENERAL INSURANC
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APPENDIX A SCOTIALIFE INSURANCE LIM
Page 108 and 109:
APPENDIX A TATIL LIFE ASSURANCE LIM
Page 110 and 111:
APPENDIX A THE GREAT NORTHERN INSUR
Page 112 and 113:
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
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
APPENDIX C LIST OF BROKERS REGISTER
Page 144 and 145:
APPENDIX D LIST OF REGISTERED ADJUS
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Appendix e LIST OF PENSION PLANS RE
Page 148 and 149:
Appendix e LIST OF PENSION PLANS RE
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Appendix e INSURED PENSION FUND PLA
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Appendix e ANNUITIES 1. A.S. Bryden
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Appendix e list of registered pensi
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TABLES TABLE I REVENUE ACCOUNT IN R
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- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11
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1. 2. 3. 4. 1. 2. 3. 4. TABLES TABL
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 1
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1. 2. 3. 4. 5. TABLES TABLE VI REVE
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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
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
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TABLES TABLE XV REVENUE ACCOUNT IN
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TABLES TABLE XVI REVENUE ACCOUNT IN
Page 182 and 183:
TABLES TABLE XVIII REVENUE ACCOUNT
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1. 2. 3. 4. 1. 2. 1. 2. 3. 4. 1. 2.
Page 186 and 187:
TABLES TABLE XXI UNDERWRITING RESUL
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TABLES TABLE XXIII SUMMARY AND VALU
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TABLES TABLE XXV SUMMARY AND VALUAT
Page 192 and 193:
TABLES TABLE XXVII SUMMARY AND VALU
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TABLES TABLE XXIX SUMMARY AND VALUA
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TABLES TABLE XXXI SUMMARY AND VALUA
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TABLES TABLE XXXIII DEPOSIT ADMINIS
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TABLES TABLE XXXIII continued DEPOS
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
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51. 52. 53. 54. 55. 56. 57. 58. 59.
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TABLES TABLE XXXV NAME OF PLAN Fund
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TABLES TABLE XXXV continued SELF-AD
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Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...

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