From a quiet force in its infancy to its current status as a cornerstone of national stability, the insurance industry in Trinidad and Tobago has undergone steady evolution over the past 25 years. Christopher Woodhams, CEO of Beacon Insurance and a veteran with nearly three decades in the sector, reflects on where the industry stands today, its challenges, and the […]
Read MoreJune 10th, 2026
In an era marked by rapid technological advancements and significant economic shifts, it’s natural to question the relevance of traditional industries. However, it is said that a single stroke of a pen can make all the difference to generations to come. The insurance sector exemplifies this truth, remaining a cornerstone of economic stability and personal security. As the CEO of […]
Read MoreJanuary 24th, 2025
Contributing between 4.4% and 5.4% to our National Gross Domestic Product (GDP), the Trinidad and Tobago (T&T) insurance industry provides essential risk management and financial protection to individuals, families, and businesses. From life, health, and property insurance to specialised products like casualty and liability coverage, the industry caters to a wide array of needs, ensuring security and peace of mind […]
Read MoreOctober 25th, 2024
What are the top trends to watch in the insurance industry in 2024 and beyond? Emerging Insurance Trends in Trinidad and Tobago: A 2024 OutlookAs we navigate through 2024, the Trinidad and Tobago insurance industry is witnessing a transformative phase that began in recent years, but fast-tracked due to the advent of Covid 19. This transformation is driven by a […]
Read MoreJuly 4th, 2024
Over the last 30 years, flood and tropical storm damage in the Caribbean has affected 1.5 million persons directly and caused over US$5 billion in damage. Extreme weather events in the region are increasing in frequency and intensity. Therefore, there is a growing need to explore options for managing and transferring risks associated with climate change. Caribbean countries face a […]
Read MoreJuly 4th, 2024
By Sheldon Waithe Edison RaphaelManaging DirectorAgostini Insurance Brokers Ltd, and Cardea Benefits Ltd Increased use of technology and the enactment of new legislation are expected to significantly impact the insurance industry over the next five years. What are the key trends shaping the future of T&T’s insurance industry? The industry is being shaped mainly by information technology (IT). After the […]
Read MoreJanuary 13th, 2024
INTERVIEW Niala Persad-PoliahExecutive Director, The National Insurance Board of Trinidad and Tobago (NIB) Entrusted with the task of protecting insured persons against economic difficulty due to loss of earnings emanating from work-related contingencies, the National Insurance Board of Trinidad & Tobago (NIBTT) is an entity of massive importance for the citizens of T&T. Specifically, 634,381 citizens, or as NIBTT sees […]
Read MoreMay 24th, 2023
INTERVIEW Ravi TewariCEO, Guardian Group Shared Services Battered by the pandemic like most sectors, but with sufficient strength in depth to navigate its way through the lockdown aftermath and the continuing effects of the global economic downturn. That is the synopsis for the insurance sector as it turns towards 2023. An industry that was directly impacted by the illness, medical […]
Read MoreMay 22nd, 2023
As a dynamic industry, we are continuously managing varying and evolving challenges and risks. INTERVIEW – ASSOCIATION OF TRINIDAD AND TOBAGO INSURANCE COMPANIES (ATTIC) Increasing motor vehicle fraud, soft insurance rates, low-interest rates and adjusting to a new Insurance Act are just some of the challenges facing local insurance companies. In addition, the blows dealt by the pandemic and related […]
Read MoreMarch 8th, 2022
As a dynamic industry, we are continuously managing varying and evolving challenges and risks. INTERVIEW – ASSOCIATION OF TRINIDAD AND TOBAGO INSURANCE COMPANIES (ATTIC) Increasing motor vehicle fraud, soft insurance rates, low-interest rates and adjusting to a new Insurance Act are just some of the challenges facing local insurance companies. In addition, the blows dealt by the pandemic and related […]
Read MoreDecember 14th, 2021
The changing realities on a daily and weekly basis have demanded quick, proactive responses to ensure the wellbeing of our workforce, the sustainability of our business and the ability to continue to provide our policyholders outstanding service. Human Resilience The Pan-American Life* team has demonstrated remarkable commitment to the organization and each other during these challenging times, which for months […]
Read MoreMarch 24th, 2021