Premiums may rise in Trinidad and Tobago
Posted On: Jan. 8, 2021 9:06 AM CST
The Association of Trinidad and Tobago Insurance Companies said premiums may increase due to several factors that have affected local carriers, Trinidad Express Newspapers reported. The proclamation of the Insurance Act 2018 effective Jan. 1 has increased capital requirements and operating costs for insurers, while the current uncertainty surrounding liability for infectious diseases, including COVID-19 has also affected them.