Clico Report

The purpose of this report is to analyse the financial position of manifold life story Insurance Company (Trinidad) Limited (CLICO). The calve of CLICO has been extensively publicized so secondary research testament be used in assistance with financial financial statement compend and to complete this report. We will highlight the major issues we believe tell to the collapse of CLICO and provide suitable recommendations for other comparable companies in the region to avoid falling into a similar light; as the one CLICO currently lay outs. BACKGROUND INFORMATION colonial 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 margin plans, lifetime advantage, wellness justification plans, spectra care group plans, triplex protection plans flexible premium annuity, corporate, multiplex and annuity plans. CLICO established flying success within their first year of business organisation and go along to grow despite the challenges in the market. CLICO encompasses over 65 companies in over 32 countries worldwide. CLICO continued to puff and developed its trade name throughout the territories and at a time holds secure investments in Barbados, Antigua, St. Lucia and Grenada.

CLICOs resourcefulness was to become a international 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 put cheerure on its l uculent resources. The suspicion that CLICO ! was experiencing problems was confirmed later on a water closet 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 foodstuff Brokers (CMMB). FINANCIAL...If you want to get a in full essay, order of magnitude it on our website: OrderEssay.net

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