The Insurance Industry in Trinidad & Tobago, Key Trends and Opportunities to 2017

  • ID: 2668486
  • Report
  • 169 pages
  • Timetric
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Insurance penetration rates rose from 2.9% in 2008 to 3.9% in 2012
Synopsis
The report provides in depth industry analysis, information and insights into the insurance industry in Trinidad & Tobago, including:
- The Trinidad & Tobagonian insurance industry’s growth prospects by insurance segments and sub-segments
- The competitive landscape in the Trinidad & Tobagonian insurance industry
- The current trends and drivers of the Trinidad & Tobagonian insurance industry
- The challenges facing the Trinidad & Tobagonian insurance industry
- Detailed regulatory framework of the Trinidad & Tobagonian insurance industry

Summary
Trinidad and Tobago is among the largest economies in the Caribbean with GDP per capita of US$19,018 at the end of 2012. The main growth driver behind the nation’s growth is the abundance of oil and natural gas resources. Despite weak economic growth, Trinidad and Tobago’s insurance industry registered a CAGR of 5.8% during the review period. Stable demand in both the life and non-life insurance segments supported industry growth. The industry’s penetration rate increased from 2.9% in 2008 to 3.9% in 2012. The liberal market economy allows insurance companies to establish operations in the country without being exposed to stringent regulations. There were seven life insurers, sixteen non-life insurers and eight composite insurers operating in the industry in 2012. The island’s insurance industry is dominated by the non-life segment, which accounted for 51.0% its gross written premium in 2012.

Scope
This report provides a comprehensive analysis of the insurance industry in Trinidad & Tobago:
- It provides historical values for the Trinidad & Tobagonian insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
- It offers a detailed analysis of the key segments and sub-segments in the Trinidad & Tobagonian insurance industry, along with forecasts until 2017
- It covers an exhaustive list of parameters including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Trinidad & Tobago and outlines the key regulations affecting them

Reasons To Buy
- Make strategic business decisions using in depth historic and forecast industry data related to the Trinidad & Tobagonian insurance industry and each segment within it
- Understand the demand-side dynamics, key trends and growth opportunities within the Trinidad & Tobagonian insurance industry
- Assess the competitive dynamics in the Trinidad & Tobagonian insurance industry
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Trinidad & Tobagonian insurance industry and its impact on companies and the industry's future

Key Highlights
- The Trinidad and Tobagonian insurance industry is one of the leading insurance industries in the Caribbean region, in terms of penetration of GDP
- Both domestic and foreign insurance companies have a presence in the country’s industry
- The liberalization policy of Trinidad and Tobago with fewer regulations means that the country is open to foreign insurance companies
- The rise in real estate activities, growth in the automobile sector and rising healthcare expenditure supported the growth of the Trinidad and Tobagonian insurance industry over the review period
- Annuity and unit-linked insurance products accounted for a major share of the Trinidad and Tobago life insurance segment and also played a major role in driving growth in the segment during the review period
- The Trinidad and Tobago population is more inclined towards life insurance products which provide wealth management services
- The growth of the country’s non-life insurance segment was primarily supported by growth in property and motor insurance, the two largest categories in the segment
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1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Trinidad and Tobagonian Insurance Industry Overview
3.1 Trinidad and Tobagonian Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
4 Industry Segmentation
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 General annuity insurance category
4.1.3 Individual pension category
4.1.4 Individual endowment insurance category
4.1.5 Other insurance category
4.1.6 Group life insurance category
4.2 Non-Life Insurance Growth Prospects by Category
4.2.1 Property insurance category
4.2.2 Motor insurance category
4.2.3 Liability insurance category
4.2.4 Marine, aviation and transit insurance category
4.3 Personal Accident and Health Insurance Growth Prospects by Category
4.3.1 Personal accident insurance category
4.3.2 Health insurance category
4.4 Reinsurance
5 Governance, Risk and Compliance
5.1 Legislation Overview and Historical Evolution
5.2 Legislation Trends by Type of Insurance
5.2.1 Life insurance regulatory trends
5.2.2 Property insurance regulatory trends
5.2.3 Motor insurance regulatory trends
5.2.4 Liability insurance regulatory trends
5.2.5 Marine, aviation and transit insurance regulatory trends
5.2.6 Health insurance regulatory trends
5.3 Compulsory Insurance
5.3.1 Workmen's Compensation Insurance
5.3.2 Motor Vehicles Insurance (Third-Party Risks)
5.4 Supervision and Control
5.4.1 International Association of Insurance Supervisors
5.4.2 Central Bank of Trinidad and Tobago (CBTT)
5.5 Non-Admitted Insurance Regulatory
5.5.1 Overview
5.5.2 Intermediaries
5.5.3 Market Practices
5.5.4 Fines and Penalties
5.6 Company Registration and Operations
5.6.1 Types of Insurance Organisation
5.6.2 Establishing a local company
5.6.3 Foreign Ownership
5.6.4 Types of License
5.6.5 Capital Requirements
5.6.6 Solvency Margins
5.6.7 Reserve Requirements
5.6.8 Investment Regulations
5.6.9 Policy Terms and Conditions
5.7 Taxation
5.7.1 Insurance Premium or Policy Taxation
5.7.2 Corporate Tax
5.7.3 VAT
5.7.4 Captives
5.8 Legal System
5.8.1 Introduction
5.8.2 Access to Court
5.8.3 Alternative Dispute Resolution (ADR)
6 Competitive Landscape
6.1 Overview
6.2 Leading Companies
6.2.1 The Beacon Insurance Company Ltd – company overview
6.2.2 British American Insurance Company Ltd – company overview
6.2.3 Maritime General Insurance Company Ltd – company overview
6.2.4 TATIL Life Assurance Ltd – company overview
6.2.5 Bankers Insurance Ltd – company overview
6.2.6 COLFIRE – company overview
6.2.7 Furness Anchorage General Insurance Ltd – company overview
6.2.8 Colonial Life Insurance Company – company overview
6.2.9 Cuna Caribbean Insurance Society Limited – company overview
6.2.10 Guardian Life of the Caribbean Ltd – company overview
7 Macroeconomic Indicators
7.1 Market Capitalization Trend – Trinidad and Tobago Stock Exchange
7.2 GDP at Constant Prices (US dollar)
7.3 GDP Per Capita at Constant Prices (US Dollar)
7.4 GDP at Current Prices (US dollar)
7.5 GDP Per Capita at Current Prices (US dollar)
7.6 Construction Net Output at Current Prices, (US dollar)
7.7 Construction net Output at Current Prices as a Percentage of GDP
7.8 Healthcare Expenditure as a Percentage of GDP
7.9 Healthcare Expenditure Per Capita
7.1 Labor Force
7.11 Inflation Rate
7.12 Unemployment Rate
7.13 Exports as a Percentage of GDP
7.14 Imports as a Percentage of GDP
7.15 Total Population
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric’s Services
8.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Trinidad and Tobagonian Insurance Overall Written Premium by Segment (TTD Billion), 2008–2012
Table 3: Trinidad and Tobagonian Insurance Overall Written Premium by Segment (US$ Million), 2008–2012
Table 4: Trinidad and Tobagonian Insurance Overall Written Premium by Segment (TTD Billion), 2012–2017
Table 5: Trinidad and Tobagonian Insurance Overall Written Premium by Segment (US$ Million), 2012–2017
Table 6: Trinidad and Tobagonian Insurance Segmentation (% Share), 2008–2017
Table 7: Trinidad and Tobagonian Life Insurance Written Premium by Category (TTD Billion),2008–2012
Table 8: Trinidad and Tobagonian Life Insurance Written Premium by Category (US$ Million), 2008–2012
Table 9: Trinidad and Tobagonian Life Insurance Written Premium by Category (TTD Billion), 2012–2017
Table 10: Trinidad and Tobagonian Life Insurance Written Premium by Category (US$ Million), 2012–2017
Table 11: Trinidad and Tobagonian Life Insurance – Paid Claims (TTD Billion), 2008–2012
Table 12: Trinidad and Tobagonian Life Insurance – Paid Claims (TTD Billion), 2012–2017
Table 13: Trinidad and Tobagonian Life Insurance – Incurred Loss (TTD Billion), 2008–2012
Table 14: Trinidad and Tobagonian Life Insurance – Incurred Loss (TTD Billion), 2012–2017
Table 15: Trinidad and Tobagonian Life Insurance – Loss Ratio (%), 2008–2012
Table 16: Trinidad and Tobagonian Life Insurance – Loss Ratio (Percentage), 2012–2017
Table 17: Trinidad and Tobagonian Life Insurance – Combined Ratio (Percentage), 2008–2012
Table 18: Trinidad and Tobagonian Life Insurance – Combined Ratio (Percentage), 2012–2017
Table 19: Trinidad and Tobagonian Life Insurance – Total Assets (TTD Billion), 2008–2012
Table 20: Trinidad and Tobagonian Life Insurance – Total Assets (TTD Billion), 2012–2017
Table 21: Trinidad and Tobagonian Life Insurance – Total Investment Income (TTD Billion), 2008–2012
Table 22: Trinidad and Tobagonian Life Insurance – Total Investment Income (TTD Billion), 2012–2017
Table 23: Trinidad and Tobagonian Life Insurance – Retentions (TTD Billion), 2008–2012
Table 24: Trinidad and Tobagonian Life Insurance – Retentions (TTD Billion), 2012–2017
Table 25: Trinidad and Tobagonian Individual Life Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 26: Trinidad and Tobagonian Individual Life Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 27: Trinidad and Tobagonian General Annuity Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 28: Trinidad and Tobagonian General Annuity Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 29: Trinidad and Tobagonian Individual Pension Category – Written Premium (TTD Billion), 2008–2012
Table 30: Trinidad and Tobagonian Individual Pension Category – Written Premium (TTD Billion), 2012–2017
Table 31: Trinidad and Tobagonian Individual Endowment Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 32: Trinidad and Tobagonian Individual Endowment Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 33: Trinidad and Tobagonian Other Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 34: Trinidad and Tobagonian Other Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 35: Trinidad and Tobagonian Group Life Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 36: Trinidad and Tobagonian Group Life Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 37: Trinidad and Tobagonian Non-life Insurance Written Premium by Category (TTD Billion), 2008–2012
Table 38: Trinidad and Tobagonian Non-life Insurance Written Premium by Category (US$ Billion), 2008–2012
Table 39: Trinidad and Tobagonian Non-life Insurance Written Premium by Category (TTD Billion), 2012–2017
Table 40: Trinidad and Tobagonian Non-life Insurance Written Premium by Category (US$ Billion), 2012–2017
Table 41: Trinidad and Tobagonian Non-Life Insurance – Paid Claim (TTD Billion), 2008–2012
Table 42: Trinidad and Tobagonian Non-Life Insurance – Paid Claim (TTD Billion), 2012–2017
Table 43: Trinidad and Tobagonian Non-Life Insurance – Incurred Loss (TTD Billion), 2008–2012
Table 44: Trinidad and Tobagonian Non-Life Insurance – Incurred Loss (TTD Billion), 2012–2017
Table 45: Trinidad and Tobagonian Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 46: Trinidad and Tobagonian Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 47: Trinidad and Tobagonian Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 48: Trinidad and Tobagonian Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 49: Trinidad and Tobagonian Non-Life Insurance – Total Assets (TTD Billion), 2008–2012
Table 50: Trinidad and Tobagonian Non-Life Insurance – Total Assets (TTD Billion), 2012–2017
Table 51: Trinidad and Tobagonian Non-Life Insurance – Total Investment Income (TTD Billion), 2008–2012
Table 52: Trinidad and Tobagonian Non-Life Insurance – Total Investment Income (TTD Billion), 2012–2017
Table 53: Trinidad and Tobagonian Non-Life Insurance – Retentions (TTD Billion), 2008–2012
Table 54: Trinidad and Tobagonian Non-Life Insurance – Retentions (TTD Billion), 2012–2017
Table 55: Trinidad and Tobagonian Property Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 56: Trinidad and Tobagonian Property Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 57: Trinidad and Tobagonian Motor Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 58: Trinidad and Tobagonian Motor Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 59: Trinidad and Tobagonian Liability Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 60: Trinidad and Tobagonian Liability Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 61: Trinidad and Tobagonian Marine, Aviation and Transit Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 62: Trinidad and Tobagonian Marine, Aviation and Transit Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 63: Trinidad and Tobagonian Personal Accident and Health Insurance Written Premium by Category (TTD Billion), 2008–2012
Table 64: Trinidad and Tobagonian Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2008–2012
Table 65: Trinidad and Tobagonian Personal Accident and Health Insurance Written Premium by Category (TTD Billion), 2012–2017
Table 66: Trinidad and Tobagonian Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2012–2017
Table 67: Trinidad and Tobagonian Personal Accident and Health Insurance – Paid Claim (TTD Billion), 2008–2012
Table 68: Trinidad and Tobagonian Personal Accident and Health Insurance – Paid Claim (TTD Billion), 2012–2017
Table 69: Trinidad and Tobagonian Personal Accident and Health Insurance – Incurred Loss (TTD Billion), 2008–2012
Table 70: Trinidad and Tobagonian Personal Accident and Health Insurance – Incurred Loss (TTD Billion), 2012–2017
Table 71: Trinidad and Tobagonian Personal Accident and Health Insurance – Loss Ratio (Percentage), 2008–2012
Table 72: Trinidad and Tobagonian Personal Accident and Health Insurance – Loss Ratio (Percentage), 2012–2017
Table 73: Trinidad and Tobagonian Personal Accident and Health Insurance – Combined Ratio (Percentage), 2008–2012
Table 74: Trinidad and Tobagonian Personal Accident and Health Insurance – Combined Ratio (Percentage), 2012–2017
Table 75: Trinidad and Tobagonian Personal Accident and Health Insurance – Total Assets (TTD Billion), 2008–2012
Table 76: Trinidad and Tobagonian Personal Accident and Health Insurance – Total Assets (TTD Billion), 2012–2017
Table 77: Trinidad and Tobagonian Personal Accident and Health Insurance – Total Investment Income (TTD Billion), 2008–2012
Table 78: Trinidad and Tobagonian Personal Accident and Health Insurance – Retentions (TTD Billion), 2008–2012
Table 79: Trinidad and Tobagonian Personal Accident and Health Insurance – Retentions (TTD Billion), 2012–2017
Table 80: Trinidad and Tobagonian Personal Accident Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 81: Trinidad and Tobagonian Personal Accident Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 82: Trinidad and Tobagonian Health Insurance Category – Written Premium (TTD Billion), 2008–2012
Table 83: Trinidad and Tobagonian Health Insurance Category – Written Premium (TTD Billion), 2012–2017
Table 84: Trinidad and Tobagonian Reinsurance Ceded by Insurance Industry (TTD Billion), 2008–2012
Table 85: Trinidad and Tobagonian Reinsurance Ceded by Insurance Industry (US$ Million), 2008–2012
Table 86: Trinidad and Tobagonian Reinsurance Ceded by Insurance Industry (TTD Billion), 2012–2017
Table 87: Trinidad and Tobagonian Reinsurance Ceded by Insurance Industry (US$ Million), 2012–2017
Table 88: Trinidad and Tobagonian Life Insurance– Percentage of Reinsurance Ceded (%), 2008–2012
Table 89: Trinidad and Tobagonian Life Insurance – Percentage of Reinsurance Ceded (%),2012–2017
Table 90: Trinidad and Tobagonian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 91: Trinidad and Tobagonian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 92: Trinidad and Tobagonian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 93: Trinidad and Tobagonian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 94: Corporate Tax Rates in Trinidad and Tobago for the Financial Year 2012-2013
Table 95: The Beacon Insurance Company Ltd, Main Products
Table 96: The Beacon Insurance Company Ltd, Key Employees
Table 97: British American Insurance Company Ltd, Main Products
Table 98: British American Insurance Company Ltd, Key Employees
Table 99: Maritime General Insurance Company Ltd, Main Products
Table 100: Maritime General Insurance Company Ltd, Key Employees
Table 101: TATIL Life Assurance Ltd, Main Products
Table 102: TATIL Life Assurance Ltd, Key Employees
Table 103: Bankers Insurance Ltd, Main Products
Table 104: Bankers Insurance Ltd, Key Employees
Table 105: COLFIRE, Main Products
Table 106: COLFIRE, Key Employees
Table 107: Furness Anchorage General Insurance Ltd, Main Products
Table 108: Furness Anchorage General Insurance Ltd, Key Employees
Table 109: Colonial Life Insurance Company, Main Products
Table 110: Colonial Life Insurance Company, Key Employees
Table 111: Cuna Caribbean Insurance Society Limited, Main Products
Table 112: Cuna Caribbean Insurance Society Ltd, Key Employees
Table 113: Guardian Life of the Caribbean Ltd, Main Products
Table 114: Guardian Life of the Caribbean Ltd, Key Employees

List of Figures
Figure 1: Trinidad and Tobagonian Insurance Overall Written Premium by Segment (TTD Billion), 2008–2017
Figure 2: Trinidad and Tobagonian Insurance Industry Dynamics by Segment, 2008–2017
Figure 3: Trinidad and Tobagonian Life Insurance Written Premium by Category (TTD Billion), 2008–2017
Figure 4: Trinidad and Tobagonian Life Insurance Written Premium by Category (Percentage Share), 2012 and 2017
Figure 5: Trinidad and Tobagonian Life Insurance Dynamics by Category, 2008–2017
Figure 6: Trinidad and Tobagonian Life Insurance – Paid Claims (TTD Billion), 2008–2012
Figure 7: Trinidad and Tobagonian Life Insurance – Paid Claims (TTD Billion), 2012–2017
Figure 8: Trinidad and Tobagonian Life Insurance – Incurred Loss (TTD Billion), 2008–2012
Figure 9: Trinidad and Tobagonian Life Insurance – Incurred Loss (TTD Billion), 2012–2017
Figure 10: Trinidad and Tobagonian Life Insurance – Loss Ratio (%), 2008–2012
Figure 11: Trinidad and Tobagonian Life Insurance – Loss Ratio (Percentage), 2012–2017
Figure 12: Trinidad and Tobagonian Life Insurance – Combined Ratio (Percentage), 2008–2012
Figure 13: Trinidad and Tobagonian Life Insurance – Combined Ratio (Percentage), 2012–2017
Figure 14: Trinidad and Tobagonian Life Insurance – Total Assets (TTD Billion), 2008–2012
Figure 15: Trinidad and Tobagonian Life Insurance – Total Assets (TTD Billion), 2012–2017
Figure 16: Trinidad and Tobagonian Life Insurance – Total Investment Income (TTD Billion), 2008–2012
Figure 17: Trinidad and Tobagonian Life Insurance – Total Investment Income (TTD Billion), 2012–2017
Figure 18: Trinidad and Tobagonian Life Insurance – Retentions (TTD Billion), 2008–2012
Figure 19: Trinidad and Tobagonian Life Insurance – Retentions (TTD Billion), 2012–2017
Figure 20: Trinidad and Tobagonian Life Insurance – Investment (TTD Billion), 2008–2012
Figure 21: Trinidad and Tobagonian Life Insurance Penetration (Percentage of GDP), 2008–2012
Figure 22: Trinidad and Tobagonian Life Insurance – Premium Per-capita (TTD), 2008–2012
Figure 23: Trinidad and Tobagonian Individual Life Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 24: Trinidad and Tobagonian Individual Life Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 25: Trinidad and Tobagonian General Annuity Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 26: Trinidad and Tobagonian General Annuity Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 27: Trinidad and Tobagonian Individual Pension Category – Written Premium (TTD Billion), 2008–2012
Figure 28: Trinidad and Tobagonian Individual Pension Category – Written Premium (TTD Billion), 2012–2017
Figure 29: Trinidad and Tobagonian Individual Endowment Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 30: Trinidad and Tobagonian Individual Endowment Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 31: Trinidad and Tobagonian Other Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 32: Trinidad and Tobagonian Other Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 33: Trinidad and Tobagonian Group Life Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 34: Trinidad and Tobagonian Group Life Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 35: Trinidad and Tobagonian Non-Life Insurance Written Premium by Category (TTD Billion), 2008–2017
Figure 36: Trinidad and Tobagonian Non-Life Insurance Written Premium by Category (Percentage Share), 2012 and 2017
Figure 37: Trinidad and Tobagonian Non-Life Insurance Dynamics by Category, 2008–2017
Figure 38: Trinidad and Tobagonian Non-Life Insurance – Paid Claim (TTD Billion), 2008–2012
Figure 39: Trinidad and Tobagonian Non-Life Insurance – Paid Claim (TTD Billion), 2012–2017
Figure 40: Trinidad and Tobagonian Non-Life Insurance – Incurred Loss (TTD Billion), 2008–2012
Figure 41: Trinidad and Tobagonian Non-Life Insurance – Incurred Loss (TTD Billion), 2012–2017
Figure 42: Trinidad and Tobagonian Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 43: Trinidad and Tobagonian Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 44: Trinidad and Tobagonian Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 45: Trinidad and Tobagonian Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 46: Trinidad and Tobagonian Non-Life Insurance – Total Assets (TTD Billion), 2008–2012
Figure 47: Trinidad and Tobagonian Non-Life Insurance – Total Assets (TTD Billion), 2012–2017
Figure 48: Trinidad and Tobagonian Non-Life Insurance – Total Investment Income (TTD Billion), 2008–2012
Figure 49: Trinidad and Tobagonian Non-Life Insurance – Total Investment Income (TTD Billion), 2012–2017
Figure 50: Trinidad and Tobagonian Non-Life Insurance – Retentions (TTD Billion), 2008–2012
Figure 51: Trinidad and Tobagonian Non-Life Insurance – Retentions (US$ Billion), 2012–2017
Figure 52: Trinidad and Tobagonian Non-Life Insurance – Investment (TTD Billion), 2008–2012
Figure 53: Trinidad and Tobagonian Non-Life Insurance Penetration (Percentage of GDP), 2008–2012
Figure 54: Trinidad and Tobagonian Non-Life Insurance – Premium Per Capita (TTD), 2008–2012
Figure 55: Trinidad and Tobagonian Property Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 56: Trinidad and Tobagonian Property Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 57: Trinidad and Tobagonian Motor Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 58: Trinidad and Tobagonian Motor Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 59: Trinidad and Tobagonian Liability Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 60: Trinidad and Tobagonian Liability Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 61: Trinidad and Tobagonian Marine, Aviation and Transit Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 62: Trinidad and Tobagonian Marine, Aviation and Transit Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 63: Trinidad and Tobagonian Personal Accident and Health Insurance Written Premium by Category (TTD Billion), 2008–2017
Figure 64: Trinidad and Tobagonian Personal Accident and Health Insurance Written Premium by Category (%), 2012 and 2017
Figure 65: Trinidad and Tobagonian Personal Accident and Health Insurance Dynamics by Category, 2008–2017
Figure 66: Trinidad and Tobagonian Personal Accident and Health Insurance – Paid Claims (TTD Billion), 2008–2012
Figure 67: Trinidad and Tobagonian Personal Accident and Health Insurance – Paid Claims (TTD Billion), 2012–2017
Figure 68: Trinidad and Tobagonian Personal Accident and Health Insurance – Incurred Loss (TTD Billion), 2008–2012
Figure 69: Trinidad and Tobagonian Personal Accident and Health Insurance – Incurred Loss (TTD Billion), 2012–2017
Figure 70: Trinidad and Tobagonian Personal Accident and Health Insurance – Loss Ratio (Percentage), 2008–2012
Figure 71: Trinidad and Tobagonian Personal Accident and Health Insurance – Loss Ratio (Percentage), 2012–2017
Figure 72: Trinidad and Tobagonian Personal Accident and Health Insurance – Combined Ratio (Percentage), 2008–2012
Figure 73: Trinidad and Tobagonian Personal Accident and Health Insurance – Combined Ratio (Percentage), 2012–2017
Figure 74: Trinidad and Tobagonian Personal Accident and Health Insurance – Total Assets (TTD Billion), 2008–2012
Figure 75: Trinidad and Tobagonian Personal Accident and Health Insurance – Total Assets (TTD Billion), 2012–2017
Figure 76: Trinidad and Tobagonian Personal Accident and Health Insurance – Total Investment Income (TTD Billion), 2008–2012
Figure 77: Trinidad and Tobagonian Personal Accident and Health Insurance – Retentions (TTD Billion), 2008–2012
Figure 78: Trinidad and Tobagonian Personal Accident and Health Insurance – Retentions (US$ Billion), 2012–2017
Figure 79: Trinidad and Tobagonian Personal Accident and Health Insurance – Investment (TTD Billion), 2008–2012
Figure 80: Trinidad and Tobagonian Personal Accident and Health Insurance Penetration (Percentage of GDP), 2008–2012
Figure 81: Trinidad and Tobagonian Personal Accident and Health Insurance – Premium Per Capita (TTD), 2008–2012
Figure 82: Trinidad and Tobagonian Personal Accident Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 83: Trinidad and Tobagonian Personal Accident Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 84: Trinidad and Tobagonian Health Insurance Category – Written Premium (TTD Billion), 2008–2012
Figure 85: Trinidad and Tobagonian Health Insurance Category – Written Premium (TTD Billion), 2012–2017
Figure 86: Trinidad and Tobagonian Reinsurance Ceded by Insurance (TTD Billion), 2008–2017
Figure 87: Trinidad and Tobagonian Reinsurance Dynamics by Insurance Segment, 2008–2017
Figure 88: Trinidad and Tobagonian Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 89: Trinidad and Tobagonian Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 90: Trinidad and Tobagonian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 91: Trinidad and Tobagonian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 92: Trinidad and Tobagonian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 93: Trinidad and Tobagonian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 94: Insurance Regulatory Framework in Trinidad and Tobago
Figure 95: Insurance Supervision and Control at Various Levels
Figure 96: Insurance Regulatory Frameworks For Company Registration and Operation
Figure 97: Snapshot of Trinidad and Tobago Insurance Regulatory Framework
Figure 98: Trinidad and Tobago Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 99: Trinidad and Tobago GDP at Constant Prices (US$ Billion), 2008–2012
Figure 100: Trinidad and Tobago GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 101: Trinidad and Tobago GDP at Current Prices (US$ Billion), 2008–2012
Figure 102: Trinidad and Tobago GDP Per Capita at Current Prices (US$), 2008–2012
Figure 103: Trinidad and Tobago Construction Net Output at Current Prices (US$ Billion), 2007– 2011
Figure 104: Trinidad and Tobago Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 105: Trinidad and Tobago Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 106: Trinidad and Tobago Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 107: Trinidad and Tobago Size of Labor Force in 15–59 Age Group (Million), 2007–2011
Figure 108: Trinidad and Tobago Inflation Rate, 2008–2012
Figure 109: Trinidad and Tobago Unemployment Rate, 2008–2012
Figure 110: Trinidad and Tobago Exports as a Percentage of GDP (%), 2007–2011
Figure 111: Trinidad and Tobago Imports as a Percentage of GDP (%), 2007–2011
Figure 112: Trinidad and Tobago Total Population (Million), 2008–2012
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The Beacon Insurance Company Limited
British American Insurance Company Limited
Maritime General Insurance Company Limited
TATIL Life Assurance Limited
Bankers Insurance Ltd
COLFIRE
Furness Anchorage General Insurance Limited
Colonial Life Insurance Company
Cuna Caribbean Insurance Society Limited
Guardian Life of the Caribbean Limited
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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