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

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