IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/58229.html
   My bibliography  Save this paper

Colonial Life Insurance Company Limited - From Growth to Failure: An Analysis of Reported Financial Activity 2003-2008

Author

Listed:
  • Gordon, Leo-Rey

Abstract

The collapse of Colonial Life Insurance Company (Trinidad) Limited caused one of the most significant financial events in recent history in the Eastern Caribbean region. The significance of the groups collapse warranted the establishment of a commission to gather information on its root causes. There is however still uncertainty in much of the detail of CLICO’s operations. This paper utilizes evidence presented in the national commission of enquiry of CLICO’s collapse and other associated financial documents to discuss the reported financial activity of the group between 2003 and 2008. The analysis shows investments in unproductive asset expansion, declining income, bleeding cash positions over the period, and a business structure unlike a typical insurance company. The paper provides useful analysis for those in need of information regarding the failure of the region’s most prominent firm.

Suggested Citation

  • Gordon, Leo-Rey, 2013. "Colonial Life Insurance Company Limited - From Growth to Failure: An Analysis of Reported Financial Activity 2003-2008," MPRA Paper 58229, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:58229
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/58229/1/MPRA_paper_58229.pdf
    File Function: original version
    Download Restriction: no

    File URL: https://mpra.ub.uni-muenchen.de/58311/1/MPRA_paper_58311.pdf
    File Function: revised version
    Download Restriction: no

    More about this item

    Keywords

    CLICO Financial Analysis Insurance Caribbean;

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:58229. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.