2006 - Central Bank of Trinidad and Tobago

1.2.3.4.5.6.7.8.9.10.11.12.13.14.15.16.17.18.19.1.2.1.2.TABLESTABLE XISTATEMENT OF STATUTORY FUND 2006 - LIABILITIES TO POLICYHOLDERS (LONG-TERM BUSINESS)COMPANIES POLICY RESERVESDEDUCTIONSLOCALAmerican Life and General Insurance Company (T&T)LimitedOrdinaryLifeIndustrialLifeNon-CancellableSicknessand AccidentOTHER TOTAL Claimsadmitted orintimatedbut notpaidOtherReservesTotalReservesOutstandingPremiumsPolicyLoansOtherDeductionsTotal FUNDREQUIREMENT$ $ $ $ $ $$ $ $ $ $ $ $ $ $451,112,214GROUPLife48,198GROUPPENSION219,946,916283,573,091954,680,41922,832,89030,105,2391,007,618,54813,369,03888,840,689102,209,727905,408,821Bancassurance Caribbean Limited87,199,57887,199,578 7,068,303 266,923,197 361,191,078 228,721 14,366,636 704,125 15,299,482 345,891,596British-American Insurance Company ( Trinidad ) LimitedCaribbean Atlantic Life Insurance Company (T&T) Limited 6,570,6376,570,637 162,836 7,436,113 14,169,5867,745 803,961 50,086 861,792 13,307,794Caribbean Insurance Company LimitedColonial Life Insurance Company (Trinidad) Limited 846,969,30718,481,431 7,941,272,7531,021,031,925 9,827,755,416 16,699,325 27,015,892 9,871,470,633 (886,751) 86,660,775 865,873,836 951,647,860 8,919,822,773Cuna Caribbean Insurance Society Limited8,092,44743,320,864 51,413,311 19,315,192 1,439,253 72,167,756 4,875,399 2,959,9175,890 7,841,206 64,326,550Demerara Life Assurance Company of T&T LimitedGuardian General Insurance Limited232,818232,818232,818232,818Guardian Life of the Caribbean Limited2,765,346,249598,960,067 3,364,306,316 56,397,8103,420,704,126 18,039,968 20,044,152 927,397 39,011,517 3,381,692,609Maritime Life (Caribbean) Limited818,858,5547,009,569 825,868,123 9,745,202 11,725,828 847,339,153 12,621,565 46,682,35359,303,918 788,035,235Mega Insurance Company Limited139,857,992139,857,992 3,781,116 484,453 144,123,56195,156 7,174,612 372,579 7,642,347 136,481,214Nationwide Insurance (Casualty & General) Co. LimitedNationwide Life Insurance Co. Limited43,157,5331,241,250 44,398,78344,398,78339,314 5,668,6335,707,947 38,690,836Scotialife Trinidad and Tobago Limited133,031,880133,031,880 86,777 246,867 133,365,52423,78223,782 133,341,742Tatil Life Assurance Limited350,429,523467,324 21,841,008588,535,363 961,273,218 15,546,521 7,501,023 984,320,762 629,170 14,518,417 1,336,117 16,483,704 967,837,058The Beacon Insurance Company Limited50,20014,64664,846 241,091305,937305,937The Reinsurance Company of Trinidad & Tobago Limited 531,096531,096531,096531,096United Security Life Insurance Company Limited15,504,4291,143,92116,648,350273,819 16,922,16911,71811,718 16,910,451TOTAL5,666,894,25719,047,153 8,184,219,2442,543,672,129 16,413,832,783 151,877,063 353,151,684 16,918,861,530 49,043,107 287,731,863 869,270,030 1,206,045,000 15,712,816,530CARIBBEANLife of Barbados Ltd.T R A N S F E R R E D T O S A G I C O R L I F E I N C O R P O R A T E DSagicor Life Incorporated447,418,5712,358,040 405,269,516985,137,320 1,840,183,4471,840,183,447 2,649,245 22,496,97425,146,219 1,815,037,228TOTAL447,418,5712,358,040 405,269,516985,137,320 1,840,183,4471,840,183,447 2,649,245 22,496,97425,146,219 1,815,037,228OTHERLincoln Assurance Ltd.Sun Life Assurance Company of CanadaN O T W R I T I N G B U S I N E S STOTALGRAND TOTAL6,114,312,82821,405,193 8,589,488,7603,528,809,449 18,254,016,230 151,877,063 353,151,684 18,759,044,977 51,692,352 310,228,837 869,270,030 1,231,191,219 17,527,853,758-------------------------------------------------------------------------------------------------------------------180REPORT ON INSURANCE AND PENSIONS