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

More documents

Recommendations

Info

TABLE OF CONTENTS LIST OF TABLES TABLE XIXA TABLE XX TABLE XXI TABLE XXII TABLE XXIII TABLE XXIV TABLE XXV TABLE XXVI TABLE XXVII TABLE XXVIII TABLE XXIX TABLE XXX TABLE XXXI Revenue Account in respect of Group Health Insurance. Revenue Account in respect of Marine, Aviation and Transport Insurance. Underwriting results in respect of Property Insurance. Summary and Valuation of Policies of American Life and General Insurance Company (Trinidad and Tobago) Limited in respect of Long-Term Insurance Business as at December 31, 2007. Summary and Valuation of the Policies of Bancassurance Caribbean Limited in respect of Long-Term and Credit Life Insurance Business as at December 31, 2007. Summary and Valuation of the Policies of the Beacon Insurance Company Limited in respect of Long-Term Insurance Business as at June 30, 2007. 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. Summary and Valuation of the Policies of CUNA Caribbean Insurance Society Limited in respect of Long-Term Insurance Business as at December 31, 2007. Summary and Valuation of the Policies of Guardian Life of the Caribbean Limited in respect of Long-Term Insurance Business as at December 31, 2007. Summary and Valuation of the Policies of Mega Insurance Company Limited in respect of Long-Term Insurance Business as at December 31, 2007. Summary and Valuation of the Policies of ScotiaLife Trinidad and Tobago Limited in respect of Long-Term Insurance Business as at October 31, 2007. Summary and Valuation of the Policies of Tatil Life Assurance Limited in respect of Long- Term Insurance Business as at December 31, 2007. Summary and Valuation of the Policies of Reinsurance Company of Trinidad and Tobago Limited in respect of Long-Term Insurance Business as at October 31, 2007. TABLE XXXII Annuity Pension Fund Plans - Revenue Account 2007. TABLE XXXIII Deposit Administration Pension Fund Plans – Revenue Account 2007. TABLE XXXIV Self Administered - Balance Sheet 2007. TABLE XXXV Self Administered Pension Fund Plans - Revenue Accounts 2007. 4 REPORT ON INSURANCE AND PENSIONS
REPORT ON INSURANCE AND PENSIONS FOR THE YEAR ENDED 31ST DECEMBER, 2007 Honourable Minister of Finance Ministry of Finance Eric Williams Finance Building Eric Williams Plaza Independence Square PORT OF SPAIN Dear Madam 1.01 I have the honour of submitting to you for presentation to Parliament the Fortieth Annual <strong>Report</strong> on the administration of the Insurance Act, Chap. 84:01 being presented by the Central Bank of Trinidad and Tobago. 1.02 This <strong>Report</strong> is submitted under the Insurance Act, Chap. 84:01 and is for the period ended 31st December, 2007. 1.03 The Act requires that Returns on the financial performance of companies be submitted within six (6) months of the financial year of each company. 1.04 This report is prepared in three parts PART I PART II PART III INSURANCE COMPANIES A - LONG-TERM INSURANCE B - GENERAL INSURANCE INSURANCE INTERMEDIARIES PENSION FUND PLANS 1.05 A summary of the Balance Sheets of insurance companies is also provided at Appendix A. Respectfully submitted Ewart Williams Governor CENTRAL BANK OF TRINIDAD AND TOBAGO REPORT ON INSURANCE AND PENSIONS 5
Page 1: ISSN 1995-7173
Page 4 and 5: TABLE OF CONTENTS Paragraph Referen
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 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:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
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
Page 106 and 107:
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
Page 114 and 115:
APPENDIX A UNITED INSURANCE COMPANY
Page 116 and 117:
APPENDIX B LIST OF REGISTERED AGENT
Page 118 and 119:
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
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 152 and 153:
Page 154 and 155:
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 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
show all

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

Create successful ePaper yourself

Delete template?

Save as template?