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 ...
APPENDIX A GUARDIAN GENERAL INSURANCE LIMITED INCORPORATED - 1973 Directors: S. WILSON; I. AHAMAD; R. ESPINET; P. JULY; A. LOK JACK; A. LANCASTER; P.GANTEAUME; N. LOK JACK Secretary: K. ABDULLA Auditors: PricewaterhouseCoopers Countries other than Trinidad and Tobago in which the Company writes Business: Barbados; Grenada; Turks & Caicos. Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2007 assets $ $ Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov’t of T&T Other Caricom Government Securities Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies Investment in dependent companies (insurance) Other Investments 14,664,158 66,963,651 49,342,710 91,203,397 6,930,932 30,470,469 19,719,388 104,373,169 29,938,650 413,606,524 Cash on Current Account and in hand Other Loans Outstanding Premiums: Amounts due from Agents and sub-agents Amounts due from Brokers Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors Other Assets TOTAL ASSETS 26,957,029 4,052,657 3,070,948 24,657,663 515,483 584,267 16,065,888 148,862,305 32,465,782 670,838,546 liabilities $ $ Insurance Funds: Long-Term Unearned Premiums Reserve Claims admitted or intimated but not paid Amount due to Reinsurers Other Liabilities 92,247,488 249,997 91,997,491 167,352,189 55,814,699 38,606,255 NET LIABILITIES Paid-up Share Capital Non-Admissable Assets Adjustment Retained Account Other TOTAL LIABILITIES 354,020,631 1,195,780,006 (990,787,782) 49,067,797 62,757,894 670,838,547 92 REPORT ON INSURANCE AND PENSIONS
SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES GUARDIAN LIFE OF THE CARIBBEAN LIMITED INCORPORATED- 1981 Directors: N. LOK JACK; R. TEWARI; S. WILSON; S. AHAMAD; H. GANTEAUME; D. DAVIES; D. HAMEL-SMITH Secretary: R. TEWARI Auditors: PricewaterhouseCoopers Actuary: D. SEEPERSAD Countries other than Trinidad and Tobago in which the Company writes business: Barbados; St Vincent & The Grenadines; British Virgin Islands. Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2007 assets $ $ Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov’t of T&T Other Caricom Government Securities Other Foreign Government Securities Ordinary shares in T&T Companies Ordinary shares in non-T&T Companies Preference shares in T&T Companies Bonds and Debentures in T&T Companies Bonds and Debentures in non-T&T Companies Other Investments Cash on Current Account and in hand Mortgage Loans Policy Loans Policy Loan Interest Accrued Other Loans Outstanding Premiums: Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents outstanding Sundry Debtors Fixed Assets Other Assets TOTAL ASSETS LIABILITIES Insurance Funds: Long-Term Life Surplus Account Unearned Premiums Reserve Claims admitted or intimated but not paid Premiums paid in advance Outstanding Commissions Amount due to Reinsurers Deposits re policies Accrued interest on policies Other Liabilities NET LIABILITIES Paid-up Share Capital Non-Admissable Assets Adjustment Unrealised Revaluation Reserves Retained Account Other TOTAL LIABILITIES 208,955,033 534,133,077 15,142,056 98,931,324 43,685,646 217,877 1,432,656,389 362,176,284 104,891,263 192,149,585 147,911,815 4,019,400 4,349,891,826 liabilities $ $ 3,623,633,562 3,101,696,476 503,054,139 18,882,947 72,174,304 1,083,027 9,063,969 6,032,912 35,047,955 6,102,016 248,721,176 3,144,869,749 76,792,173 146,937,711 19,240,600 894,780 10,520,725 40,185,816 51,193,136 29,818,643 268,680,094 483,266,073 77,492,326 4,001,858,921 53,349,005 (264,068,552) 18,512,802 42,990,852 497,248,798 4,349,891,826 REPORT ON INSURANCE AND PENSIONS 93
- 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
- Page 76 and 77: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 78 and 79: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 80 and 81: 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 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: List of Registered Agents List of A
- Page 122 and 123: List of Registered Agents List of A
- Page 124 and 125: List of Registered Agents List of A
- Page 126 and 127: List of Registered Agents List of A
- Page 128 and 129: List of Registered Agents List of A
- Page 130 and 131: List of Registered Agents List of A
- Page 132 and 133: List of Registered Agents List of A
- Page 134 and 135: List of Registered Agents List of A
- Page 136 and 137: List of Registered Agents List of A
- Page 138 and 139: List of Registered Agents List of A
- Page 140 and 141: List of Registered Agents List of A
- Page 142 and 143: APPENDIX C LIST OF BROKERS REGISTER
SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES<br />
GUARDIAN LIFE OF THE CARIBBEAN LIMITED<br />
INCORPORATED- 1981<br />
Directors: N. LOK JACK; R. TEWARI; S. WILSON; S. AHAMAD; H. GANTEAUME; D. DAVIES; D. HAMEL-SMITH<br />
Secretary: R. TEWARI<br />
Auditors: PricewaterhouseCoopers<br />
Actuary: D. SEEPERSAD<br />
Countries other than <strong>Trinidad</strong> <strong>and</strong> Tobago in which the Company writes business: Barbados;<br />
St Vincent & The Grenadines; British Virgin Isl<strong>and</strong>s.<br />
Summary <strong>of</strong> Balance Sheet in respect <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> Tobago<br />
business as at 31st December, <strong>2007</strong><br />
assets $ $<br />
Investments:<br />
Fixed Deposits with <strong>Bank</strong><br />
Fixed Deposits with Other Financial Instituti<strong>on</strong>s<br />
<strong>Trinidad</strong> <strong>and</strong> Tobago Government Securities<br />
Securities guaranteed by the Gov’t <strong>of</strong> T&T<br />
Other Caricom Government Securities<br />
Other Foreign Government Securities<br />
Ordinary shares in T&T Companies<br />
Ordinary shares in n<strong>on</strong>-T&T Companies<br />
Preference shares in T&T Companies<br />
B<strong>on</strong>ds <strong>and</strong> Debentures in T&T Companies<br />
B<strong>on</strong>ds <strong>and</strong> Debentures in n<strong>on</strong>-T&T Companies<br />
Other Investments<br />
Cash <strong>on</strong> Current Account <strong>and</strong> in h<strong>and</strong><br />
Mortgage Loans<br />
Policy Loans<br />
Policy Loan Interest Accrued<br />
Other Loans<br />
Outst<strong>and</strong>ing Premiums:<br />
Amounts due from Policyholders<br />
Amounts due from other <strong>Insurance</strong> Companies<br />
Interest, dividends <strong>and</strong> rents outst<strong>and</strong>ing<br />
Sundry Debtors<br />
Fixed Assets<br />
Other Assets<br />
TOTAL ASSETS<br />
LIABILITIES<br />
<strong>Insurance</strong> Funds:<br />
L<strong>on</strong>g-Term<br />
Life Surplus Account<br />
Unearned Premiums Reserve<br />
Claims admitted or intimated but not paid<br />
Premiums paid in advance<br />
Outst<strong>and</strong>ing Commissi<strong>on</strong>s<br />
Amount due to Reinsurers<br />
Deposits re policies<br />
Accrued interest <strong>on</strong> policies<br />
Other Liabilities<br />
NET LIABILITIES<br />
Paid-up Share Capital<br />
N<strong>on</strong>-Admissable Assets Adjustment<br />
Unrealised Revaluati<strong>on</strong> Reserves<br />
Retained Account<br />
Other<br />
TOTAL LIABILITIES<br />
208,955,033<br />
534,133,077<br />
15,142,056<br />
98,931,324<br />
43,685,646<br />
217,877<br />
1,432,656,389<br />
362,176,284<br />
104,891,263<br />
192,149,585<br />
147,911,815<br />
4,019,400<br />
4,349,891,826<br />
liabilities $ $<br />
3,623,633,562<br />
3,101,696,476<br />
503,054,139<br />
18,882,947<br />
72,174,304<br />
1,083,027<br />
9,063,969<br />
6,032,912<br />
35,047,955<br />
6,102,016<br />
248,721,176<br />
3,144,869,749<br />
76,792,173<br />
146,937,711<br />
19,240,600<br />
894,780<br />
10,520,725<br />
40,185,816<br />
51,193,136<br />
29,818,643<br />
268,680,094<br />
483,266,073<br />
77,492,326<br />
4,001,858,921<br />
53,349,005<br />
(264,068,552)<br />
18,512,802<br />
42,990,852<br />
497,248,798<br />
4,349,891,826<br />
REPORT ON INSURANCE AND PENSIONS 93
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