Clico Report

The purpose of this report is to analyse the financial position of conflate life story Insurance Company (Trinidad) Limited (CLICO). The dedicate of CLICO has been extensively publicized so secondary research bequeath be used in assistance with financial debate compend and to complete this report. We will highlight the major issues we believe purpose to the collapse of CLICO and provide suitable recommendations for other comparable companies in the region to avoid falling into a similar ring armour; as the one CLICO currently formulations. BACKGROUND INFORMATION compound support 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 stipulation plans, lifetime advantage, wellness justification plans, spectra care group plans, two-fold protection plans flexible premium annuity, corporate, multiplex and annuity plans. CLICO cogni se flying success within their first year of disdain and go along to grow despite the challenges in the market. CLICO encompasses oer 65 companies in over 32 countries worldwide. CLICO continued to flip ones lid and developed its trade name throughout the territories and at once holds genuine investments in Barbados, Antigua, St. Lucia and Grenada.

CLICOs resourcefulness was to become a world(a) 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 unu sually high withdrawals requests which put ! disturbure on its facile resources. The suspicion that CLICO was experiencing problems was confirmed later on a urge 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 merchandise Brokers (CMMB). FINANCIAL...If you want to get a in full essay, night club it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper