Insurance

Trinidad and Tobago Insurance Sector

In global terms, T&T ranks as a small but well established market for insurance. According to figures from the Association of T&T Insurance Companies, general insurers wrote gross premiums of around $494.1m in 2013, while life and health insurers wrote gross premiums of about $524.3m. Over the previous five years, the general trends in profitability have been favourable. Life insurance companies’ expense ratio declined from 40.6% in 2009 to 36.4% in the period to September 2013, while return on equity for general insurance firms increased from 16.7% to 18.6%. At 3.7% in 2013, insurance penetration in T&T is broadly in line with regional averages, suggesting further room for growth. A new insurance bill set to be passed in the near term will incorporate a minimum continuing capital and surplus requirement regime, and contribute to the strengthening of the industry’s legal framework. This chapter contains an interview with Ravi Tewari, Group CEO, Guardian Holdings.

Cover of The Report: Trinidad & Tobago 2015

The Report

This chapter is from the Trinidad & Tobago 2015 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of OBG talks to Ravi Tewari, Group CEO, Guardian Holding
Ravi Tewari, Group CEO, Guardian Holdings: Interview

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