Regulatory Alerts2017-12-15 | 29594Added · Updated
Reinsurance Arrangements 2018: General Insurance
The Central Bank of Trinidad and Tobago requires all general insurance companies to submit a hard copy summary of reinsurance arrangements effective as of January 1, 2018, by February 2, 2018. The submission must include specific details for each treaty and facility, such as limits, classes of business, reinsurer ratings, and premium costs, along with confirmation letters verifying accuracy, enforceability, payment status, and any disputes. Additionally, insurers must provide a summary of how recent natural disasters influenced their treaty structures and report any new arrangements or changes within thirty days of their effective date.
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