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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Trinidad and Tobago non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Trinidad and Tobago's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Trinidad and Tobago non-life (P&C) market as well as trends by line of business. Axco analysts also report on Trinidad and Tobago's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Trinidad and Tobago's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Trinidad and Tobago, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Trinidad and Tobago, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Trinidad & Tobago with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Trinidad and Tobago remains a robust market of notable size in the Caribbean region. The non-life market (including personal accident and health) grew by 10.3% in 2019 to TTD 4.71bn (USD 697.40mn). Premiums for non-life classes (excluding health) in 2019 grew by 10.64% to TTD 3.89bn (USD 575.59mn). Personal accident and healthcare premiums written by non-life insurers in 2019 amounted to TTD 822.80mn (USD 121.82mn) a rise of 8.81% on ....
This is a brief extract of information; more updated information may be available in the latest published report.