Clico Report

The purpose of this report is to analyse the financial position of change life story Insurance Company (Trinidad) Limited (CLICO). The afford of CLICO has been extensively publicized so secondary research go forth be used in assistance with financial tale compend and to complete this report. We will highlight the major issues we believe moderate to the collapse of CLICO and provide suitable recommendations for other comparable companies in the region to avoid falling into a similar send; as the one CLICO currently organisations. BACKGROUND INFORMATION colonial animateness Financial is the largest privately held company in Trinidad & Tobago and was founded by Cyril Lucius Duprey. CLICO specialises in insurance and pension and their product line includes marge plans, lifetime advantage, wellness justification plans, spectra care group plans, troika protection plans flexible premium annuity, corporate, multiplex and annuity plans. CLICO cognize flying suc cess within their first year of chore and go along to grow despite the challenges in the market. CLICO encompasses all over 65 companies in over 32 countries worldwide. CLICO continued to augment and developed its trade name throughout the territories and immediately holds significant investments in Barbados, Antigua, St. Lucia and Grenada.

CLICOs resourcefulness was to become a world(prenominal) financial services draw that optimized wealth and created security for its stakeholders. Dupreys dream has become a reality as CLICO is now an important factor in every household. In 2009, CLICO began to face unusually high withdrawals requests which p! ut take the fieldure on its liquified resources. The suspicion that CLICO was experiencing problems was confirmed later on a raise conference by Ewart Williams, Governor of the profound rely. In this press conference Mr. Williams indicated that it was the intention to take ascendancy of Colonial Life Insurance Company (CLICO), Clico Investment Bank (CIB) and Caribbean Money commercialize Brokers (CMMB). FINANCIAL...If you want to get a in full essay, outrank it on our website: OrderCustomPaper.com

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