While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...
While the economic upheavals of recent years have posed challenges for Trinidad and Tobago’s insurance sector, the industry remains resilient overall. In 2017, as it experienced economic downturn with the GDP contracting by 6.1% in 2016 and 2.6% in 2017, the country was affected by over TT$35bn ($5.2bn) in insured losses as a result of the...
The most important regulatory change under way for Trinidad and Tobago’s banking sector is the adoption of Basel II financial reporting standards. The Basel Committee on Banking Supervision – a division of the Bank of International Settlements, a multilateral financial institution supported by central banks from around the globe – is tasked...
Local capital market investors have long been painted with a broad brush and stereotyped as being conservative and risk averse. Although a segment of the market does tend to have a low risk tolerance and while the market-wide appetite for volatility may be lower than the global average, generalising market participants thwarts the development...
Capital market debt issuances out of Trinidad and Tobago remain relatively flat year-on-year. After a peak performance in 2016, when 25 issues raised $13.5bn, the primary market generated an approximate $12bn in 2017 across 27 issues, and a further $12bn in the first eight months of 2018. Debt issues in the country have predominantly stemmed...
Vibrant capital markets generally rely on two critical ingredients: a comprehensive regulatory framework and a wide investor base. The Trinidad and Tobago Securities Exchange Commission, in conjunction with market participants, has made considerable strides in addressing the first of these elements over the past two decades, though certain...
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