Central Bank of Trinidad and Tobago Circular on Parallel Run 2 Results

CENTRAL BANK OF TRINIDAD & TOBAGO Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 625-4835; 4921; 5028; Fax: (868) 627-4696 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt

March 16, 2012

Circular letter to all insurance companies, ATTIC secretariat, ICATT and members of the valuation working group

REF: CB-OIFI- 637/2012

Parallel Run 2 of the Capital adequacy framework, Actuarial Valuation Methodology for long term insurance business and Completion of B4 Schedules for general insurers

The Central Bank of Trinidad and Tobago (Central Bank) wishes to thank all insurance companies that participated in the above captioned. As always, the individual meetings with companies on their submissions proved invaluable and the feedback was greatly appreciated.

Following the Central Bank’s review of the results of the Parallel Run 2, a report has now been completed summarizing the findings of this study and which can be found here: http://www.central-bank.org.tt/content/qis-summary-reports

We look forward to your continued co-operation in the development of future regulations and guidelines.

Yours sincerely

A a Roberts

Anthony Roberts Chief Actuary Financial Institutions Supervision Department