2006 - Central Bank of Trinidad and Tobago
2006 - Central Bank of Trinidad and Tobago
2006 - Central Bank of Trinidad and Tobago
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TABLESTABLE XIVUNDERWRITING RESULTS IN RESPECT OF MOTOR INSURANCE - <strong>2006</strong>COMPANIESUnearnedPremium(Beginning<strong>of</strong> year)NetPremiumWrittenUnearnedPremium(end <strong>of</strong> year)NetPremiumsEarned(1+2)-3NetClaimspaid duringthe yearClaimsoutst<strong>and</strong>ing(end <strong>of</strong> year)Claimsoutst<strong>and</strong>ing(beginning<strong>of</strong> year)NetClaimsIncurred(5+6)-78 as a% <strong>of</strong> 4Expenses <strong>of</strong>Management<strong>and</strong> NetCommissions10 as aper cent <strong>of</strong>4TotalPremiumPayments(8+10)12 as a% <strong>of</strong> 4Pr<strong>of</strong>itor(Loss)(4-12)Pr<strong>of</strong>itor(Loss)per cent1.234567891011121314151617181920212223242526LOCALAmerican Life <strong>and</strong> General InsuranceCompany (T&T) Ltd.<strong>Bank</strong>ers Insurance Company (T&T) Ltd.Capital Insurance Ltd.Caribbean Insurance Company Ltd.Citizen Insurance Company Ltd.Colonial Fire General Insurance Company Ltd.Furness Anchorage General Insurance Ltd.GTM Fire Insurance Co. Ltd.Guardian General Insurance LimitedGulf Insurance Ltd.Maritime General Insurance Company Ltd.Motor <strong>and</strong> General Insurance Company Ltd.Motor One Insurance Company LimitedNationwide Insurance (Casualty &General) Company Ltd.N.E.M. (West Indies) Insurance Ltd.Royal Caribbean Insurance Ltd.Sagicor General Insurance Inc.The Beacon Insurance Company LtdThe Goodwill General Insurance Company Ltd.The Great Northern Insurance Company Ltd.The Mountain General Insurance Company Ltd.The New India Assurance Company (T&T) Ltd.The Presidential Insurance Company Ltd.The Reinsurance Company <strong>of</strong> T&T Ltd.The Western General Insurance Company Ltd.<strong>Trinidad</strong> & <strong>Tobago</strong> Insurance Ltd.TOTAL$6,570,3938,810,90235,366,13031,227,615558,9185,650,93948,849,4915,447,83620,329,6876,326,3077,149,60111,425,9597,275,2663,744,1728,669,4037,568,6203,020,30437,119,296255,110,840$18,878,62414,183,40055,316,08692,462,3242,196,47214,716,536130,642,49510,148,00869,018,21614,310,14320,549,00432,441,75815,876,0829,778,18321,077,80021,343,45915,898,00179,498,102638,334,693$9,374,8089,908,54931,389,34541,691,857535,1989,490,51160,044,5915,832,78330,054,8676,953,31710,936,82714,128,4229,853,4814,514,51413,708,9128,385,4957,348,97043,540,669317,693,116$16,074,20913,085,75359,292,87181,998,0822,220,19210,876,964119,447,3959,763,06159,293,03613,683,13316,761,77829,739,29513,297,8679,007,84116,038,29120,526,58411,569,33573,076,729575,752,417$7,471,91512,522,88249,393,08938,864,175786,0646,092,36876,034,0305,183,77134,639,7809,132,5478,791,55022,84917,731,7335,979,4914,667,2987,539,84712,543,7545,180,72844,110,870346,688,741$4,594,77913,141,82432,407,38120,910,636452,8123,674,30577,427,2316,674,27542,388,53014,316,8012,352,265$ $ % $ % $ % $ %3,600,285 12,332,824 12,466,270 3,561,701 8,732,824 11,924,125 61,43321,331,733 6,521,636 71.7349.04 2,915,869 21.93U N D E R I N T E R V E N T I O N2,983,736 2,032,841 5,618,193 62.37 3,665,059 40.69N O A C C O U N T S S U B M I T T E D9,830,218 8,212,420 7,121,472 6,928,158 8,416,511 5,840,481 10,441,907 12,339,663 6,461,719 65.11 60.12 55.85 3,902,124 8,286,827 4,123,553 24.3340.3735.6445,692,564320,580,6283,964,6016,046,07420,336,07336,635,840252,876,1868,102,09319,618,63361,464,397I N L I Q U I D A T I O N13,536,314 979,791 3,269,992 72,744,691 5,489,997 37,440,301 3,544,534 1,451,337 46,238,497 259,085 6,496,681 80,716,570 6,368,049 39,588,009 19,904,814 9,692,478 56.3911.6759.7367.5765.2366.77145.4757.8253,167,594414,393,18450.40149.92103.6672.761,272689,7453,690,7018,039,5251,158,99527,510,096320,0373,367,61819,224,5646,143,9097,562,4824,683,3924,854,248N O A C C O U N T S S U B M I T T E D5,571,914115,710,6594.2928.2013.5633.5514.4130.9616.0962.9312.7534.2328.967.624518,791,83823,309,33469,503,9221,158,99573,748,593579,1229,864,29999,941,13412,511,95847,150,49124,588,20614,546,72661,43321,331,7339,437,5059,283,25214,344,03120,626,49010,585,27258,739,508530,103,84254.70178.13117.2289.9426.0890.6983.67128.1679.52179.7086.7971.7370.97103.0689.44100.4991.4980.381,7227,282,371(10,223,581)(10,211,051)(1,158,995)8,249,4891,641,0701,012,66519,506,261(2,748,897)12,142,545(10,905,073)2,215,052(61,433)8,407,5623,860,362(275,411)1,694,260(99,905)984,06314,337,22145,648,57445.30(78.13)(17.22)10.0673.929.3116.33(28.16)20.48(79.70)13.2128.2729.03(3.06)10.56(0.49)8.5119.6277.86CARIBBEAN1 United Insurance Company LimitedTOTAL0000000000000000000GRAND TOTAL255,110,840 638,334,693 317,693,116 575,752,417 346,688,741 320,580,628 252,876,186 414,393,184 1,272 115,710,659451 530,103,842 1,722 45,648,574 77.86----------------------------------------------------------------184REPORT ON INSURANCE AND PENSIONS
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