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Insurance Sector

The insurance sector comprises insurance companies incorporated in Trinidad and Tobago and an Association of Underwriters, which are registered to carry on insurance business under the Insurance Act, 2018. Some insurers operate branches throughout the Caribbean. There are two types of insurance business conducted, i.e. long-term and general insurance business. The classes of long-term insurance business are:

accident and sickness
disability income
industrial life
life insurance

and the classes of general insurance business are:

liability;
marine, aviation and transport;
motor vehicle;
pecuniary loss;
personal accident short-term;
property;
workers compensation

Directories of Registered Insurers

STATUS	INSURANCE COMPANY TYPE	COMPANIES
Active	Long-Term Insurance Companies	Assuria Life (T&T) Ltd. (formerly Mega Insurance Company Limited)
Active	Long-Term Insurance Companies	Bancassurance Caribbean Limited
Active	Long-Term Insurance Companies	British American Insurance Company (Trinidad) Limited
Active	Long-Term Insurance Companies	Colonial Life Insurance Company (Trinidad) Limited
Active	Long-Term Insurance Companies	CUNA Caribbean Insurance Society Limited
Active	Long-Term Insurance Companies	Guardian Life of the Caribbean Limited
Active	Long-Term Insurance Companies	Maritime Life (Caribbean) Limited
Active	Long-Term Insurance Companies	Nationwide Insurance Company Limited
Active	Long-Term Insurance Companies	Pan-American Life Insurance Company of Trinidad and Tobago (formerly American Life & General Insurance Company (Trinidad and Tobago) Limited)
Active	Long-Term Insurance Companies	Republic Life Insurance Company Limited (formerly Republic Evolve Limited)
Active	Long-Term Insurance Companies	Sagicor Life Insurance Trinidad & Tobago Limited
Active	Long-Term Insurance Companies	ScotiaLife Trinidad and Tobago Limited
Active	Long-Term Insurance Companies	Tatil Life Assurance Limited
Active	Long-Term Insurance Companies	The Demerara Life Assurance Company of Trinidad and Tobago Limited
Active	General Insurance Companies	Bankers Insurance Company of Trinidad and Tobago Limited
Active	General Insurance Companies	Capital Insurance Limited
Active	General Insurance Companies	CG United Insurance TT Ltd
Active	General Insurance Companies	Colonial Fire & General Insurance Company Limited
Active	General Insurance Companies	Export Import Bank of Trinidad and Tobago (Eximbank) Limited
Active	General Insurance Companies	Furness Anchorage General Insurance Limited
Active	General Insurance Companies	General Accident Insurance Company (Trinidad and Tobago) Limited (formerly Motor One Insurance Company Limited)
Active	General Insurance Companies	Guardian General Insurance Limited
Active	General Insurance Companies	Gulf Insurance Limited
Active	General Insurance Companies	Maritime General Insurance Company Limited
Active	General Insurance Companies	NAGICO Insurance (Trinidad and Tobago) Limited (formerly GTM Insurance Company Limited)
Active	General Insurance Companies	Sagicor General Insurance Trinidad & Tobago Limited
Active	General Insurance Companies	The Insurance Company of the West Indies (Trinidad) Limited
Active	General Insurance Companies	The Great Northern Insurance Company Limited
Active	General Insurance Companies	The New India Assurance Company (Trinidad and Tobago) Limited
Active	General Insurance Companies	The Presidential Insurance Company Limited
Active	General Insurance Companies	Trinidad and Tobago Insurance Limited
Active	Long-Term and General Insurance Companies	The Beacon Insurance Company Limited
Active	Long-Term and General Insurance Companies	TRINRE Insurance Company Limited
Active	Association of Underwriters	Lloyd's Association of Underwriters
Active	Association of Underwriters	Companies writing Motor Business as at January 2023
STATUS	INSURANCE COMPANY TYPE	COMPANIES

Long-Term Insurance Companies

*Operating a closed book of business and not writing new insurance business
**Registered with effect from January 31, 2023, in accordance with Section 25 of the Insurance Act, 2018 (IA 2018), in keeping with the reorganisation of the Trinidad and Tobago branch operations of foreign insurance companies pursuant to Section 281 of the IA 2018.

Active General Insurance Companies

*Portfolio in run-off, and not writing new insurance business
** Registered with effect from January 31, 2023, in accordance with Section 25 of the Insurance Act, 2018 (IA 2018), in keeping with the reorganisation of the Trinidad and Tobago branch operations of foreign insurance companies pursuant to Section 281 of the IA2018.

Insurance Intermediaries

The insurance sector also includes insurance intermediaries which are required to be registered under the Insurance Act 2018, and comprises insurance adjusters, brokers, brokerages, salespersons, agents, agencies and insurance consultants.

Registered Insurance Intermediaries

Registered Adjusters Companies

Registered Adjusters Individuals

Registered Brokerages

Registered Consultants

Please be advised that the above listings of registered insurance intermediaries and consultants are based on the Central Bank’s records at the time of preparation.