Article: Insurance rates to rise this yearPosted on : Jan 19, 2021
This country’s foreign exchange woes are threatening to cripple the local insurance market.
In fact, the Association of T&T Insurance Companies (ATTIC) has deemed obtaining foreign exchange to make reinsurance payments the “greatest challenge” currently facing local insurers. See Press Releases for more information.
ATTIC WELCOMES PROCLAMATION OF THE INSURANCE ACT 2018 (AS AMENDED)Posted on : Jan 18, 2021
The Association of Trinidad and Tobago Insurance Companies [ATTIC] commends the Minister of Finance and his team for their pivotal role in the proclamation of the Insurance Act 2018 (As Amended), effective January 1st 2021. See Press Releases for more deatails.
International Reinsurance market set to impact local insurance ratesPosted on : Jan 18, 2021
The general insurance industry in Trinidad & Tobago and the wider Caribbean, continues to be adversely affected by events in the international insurance and reinsurance markets. Local insurers are dependent on international reinsurance for support in the event of a catastrophic event. Reinsurance is also a mandatory regulatory requirement. In recognition of their unique national role in providing policyholder protection, local insurers must ensure that their operations can meet their claim obligations and remain viable. See Press Releases for more information.
Membership closure dates and timesPosted on : Dec 17, 2020
See in Press Releases for the ATTIC memebrship Christmas closure dates and times 2020. To our memebrship, clients, stakeholders, have a safe and restful Christmas.