Regulatory Alerts2020-12-03 | 24126Added · Updated
The Insurance (Capital Adequacy) Regulations, 2020
The Central Bank of Trinidad and Tobago issues these regulations to establish capital adequacy requirements for insurers, mandating a minimum net tier 1 ratio of 105% and a regulatory capital ratio of 150%. The rules define regulatory capital components, specify risk charges for various exposures, and require quarterly unaudited and annual audited capital adequacy returns. These regulations apply to all insurers conducting business in and outside Trinidad and Tobago and come into operation on January 1, 2021.