2006 - Central Bank of Trinidad and Tobago

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INSURANCE COMPANIESFIGURE 10OTHER INSURANCE BUSINESSNET PREMIUM INCOME56055054053052051050049048047046045044043042041040039038037036035034033032031030029028027026025024023022021020020022003200420052006YEARNet Premium IncomeOther Insurance Business ($M)2002 2932003 3252004 2912005 4182006 55846REPORT ON INSURANCE AND PENSIONS
GENERAL INSURANCE BUSINESSUnderwriting Results4.18 In 2006, the underwriting results of property insurance business revealed an overall underwritingloss of $76,672,930. This class of business experienced an overall underwriting lossof $59,338,208 in 2005.Details are summarized in Table XXI.Reinsurance4.19 An examination of the Premium Analysis statements revealed the followingaverage net retention ratios (that is, Net Premiums retained as a percentage of GrossPremiums written by Companies).2002%2003%2004%2005%2006%PropertyOther (that is, exclusive of MotorVehicle, Property and Long-term)10751070106212689684.20 Details of the percentage of Gross Premium retained in respect of property insurance businessare as follows:REINSURANCE - PROPERTY BUSINESS 2006CompaniesLOCALGROSSNET NET RETENTIONPREMIUMS PREMIUMSRATIO$ $ %American Life and GeneralInsurance Co (Trinidad and Tobago)Limited.201,900,96911,547,0215.72Bankers Insurance Company ofTrinidad and Tobago Limited4,308,871191,0704.43British-American InsuranceCompany (Trinidad) Limited *1,474,837800,97954.30Capital Insurance Limited306,016121,62839.75Colonial Fire & General InsuranceCo. Limited85,355,1156,790,1547.96REPORT ON INSURANCE AND PENSIONS 47
Page 4: TABLE OF CONTENTSParagraph Referenc
Page 7 and 8: REPORT ON INSURANCE AND PENSIONSFOR
Page 9 and 10: OVERVIEW OF THE INSURANCE INDUSTRYG
Page 11 and 12: OVERVIEW OF THE INSURANCE INDUSTRYF
Page 13 and 14: OVERVIEW OF THE INSURANCE INDUSTRYF
Page 15 and 16: LONG-TERM INSURANCE BUSINESSCompani
Page 17 and 18: LONG-TERM INSURANCE BUSINESSPolicie
Page 19 and 20: LONG-TERM INSURANCE BUSINESSFIGURE
Page 21 and 22: LONG-TERM INSURANCE BUSINESSStatuto
Page 23 and 24: LONG-TERM INSURANCE BUSINESSInvestm
Page 25 and 26: LONG-TERM INSURANCE BUSINESSRevenue
Page 27 and 28: LONG-TERM INSURANCE BUSINESSSCHEDUL
Page 29 and 30: LONG-TERM INSURANCE BUSINESSFIGURE
Page 31 and 32: LONG-TERM INSURANCE BUSINESSREINSUR
Page 33: GENERAL INSURANCE BUSINESSCompanies
Page 36 and 37: INSURANCE COMPANIESDEPOSITS RETAINE
Page 38 and 39: INSURANCE COMPANIESGENERAL INSURANC
Page 40 and 41: INSURANCE COMPANIESSCHEDULE SHOWING
Page 42 and 43: INSURANCE COMPANIESUnderwriting Res
Page 44 and 45: INSURANCE COMPANIESREINSURANCE - MO
Page 46 and 47: INSURANCE COMPANIESSCHEDULE SHOWING
Page 50 and 51: INSURANCE COMPANIESREINSURANCE - PR
Page 52 and 53: INSURANCE COMPANIESREINSURANCE - OT
Page 54 and 55: INSURANCE COMPANIESMARGIN OF SOLVEN
Page 56 and 57: INSURANCE COMPANIES5. ASSOCIATION O
Page 58 and 59: INSURANCE INTERMEDIARIESExamination
Page 60 and 61: PENSION FUND PLANS7.09 The followin
Page 62 and 63: PENSION FUND PLANSBalance Sheets7.1
Page 64 and 65: PENSION FUND PLANSFIGURE 12PENSION
Page 66 and 67: ACTUARIAL INVESTIGATIONSSUMMARIES O
Page 77: ACTUARIAL INVESTIGATIONSSUMMARIES O
Page 80 and 81: APPENDIX ADirectors:Secretary:Audit
Page 82 and 83: APPENDIX ADirectors:Secretary:Audit
Page 84 and 85: APPENDIX ACARIBBEAN INSURANCE COMPA
Page 86 and 87: APPENDIX ACOLONIAL FIRE AND GENERAL
Page 89 and 90: SUMMARY OF BALANCE SHEETS OF INCORP
Page 99 and 100:
SUMMARY OF BALANCE SHEETS OF INCORP
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APPENDIX BLIST OF REGISTERED AGENTS
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List of Registered AgentsList of Ag
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APPENDIX CLIST OF REGISTERED BROKER
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LIST OF REGISTERED BROKERSLIST OF B
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LIST OF REGISTERED BROKERSLIST OF B
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Appendix dLIST OF ADJUSTERS REGISTE
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Appendix eLIST OF PENSION PLANS REG
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list of registered pension plansLIS
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list of registered pension plansINS
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list of registered pension plansANN
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list of registered pension plansWIN
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TABLESTABLE IREVENUE ACCOUNT IN RES
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TABLESTABLE IIREVENUE ACCOUNT IN RE
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1.2.3.4.1.2.3.4.TABLESTABLE IIIREVE
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1.2.3.4.5.6.7.8.9.101.1.TABLESTABLE
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1.2.3.4.5.TABLESTABLE VIREVENUE ACC
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TABLESTABLE VIIILONG-TERM INSURANCE
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TABLESTABLE XCOMPANIESLOCAL1.Americ
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TABLESTABLE XIASTATEMENT OF STATUTO
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1.234567891011121314151617181920212
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TABLESTABLE XVREVENUE ACCOUNT IN RE
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TABLESTABLE XVIIREVENUE ACCOUNT IN
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123456789101112131415161TABLESTABLE
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1234567891011121314151TABLESTABLE X
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TABLESTABLE XXIISUMMARY AND VALUATI
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TABLESTABLE XXIVSUMMARY AND VALUATI
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TABLESTABLE XXVIGUARDIAN LIFE OF TH
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TABLESTABLE XXVIIISUMMARY AND VALUA
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TABLESTABLE XXXNAME OF PLAN Fund at
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TABLESTABLE XXXI continuedDEPOSIT A
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TABLESTABLE XXXI continuedDEPOSIT A
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TABLESNAME OF PLANBrought Forward26
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TABLESNAME OF PLANBrought Forward76
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TABLESTABLE XXXIII continuedSELF-AD
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TABLESTABLE XXXIII continuedSELF-AD
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2006 - Central Bank of Trinidad and Tobago

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