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Trinidad & Tobago Insurance Report Q1 2018

Trinidad & Tobago Insurance Report Q1 2018

BMI View: Trinidad and Tobago offers one of the best developed insurance industries in the Caribbean region, which is a reflection of the country's high income levels and a relatively advanced local economy. Nevertheless, the limited scale of the market has so far restricted activity mainly to indigenous and regional insurance providers, with high barriers to entry limiting the interest of overseas providers. Rising incomes and an expanding retirement-age population present positive long-term trends for insurance usage, particularly in terms of life, health and personal accident insurance. However, the opportunities for insurers will be tempered to an extent by headwinds, including a volatile resource-dependent economy, changes in the tax and interest rate structure, and fluctuation in local currency markets.


BMI Industry View
Table: Headline Insurance Forecasts (Trinidad & Tobago 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Trinidad & Tobago 2014-2021)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Trinidad & Tobago 2014-2021)
Table: Non-Life Claims (Trinidad & Tobago 2010-2015)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Trinidad & Tobago 2014-2021)
Insurance Risk/Reward Index
Latin America And The Caribbean Insurance Risk/Reward Index
Table: Latin America And The Caribbean Insurance Risk/Reward Index, Q1 2018
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Life Market Share (USDm), 2009-2014
Non- Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Market Share (USDmn), 2009-2014
Company Profile
Guardian Group
PALIG
Sagicor Financial
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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