Government’s declared policy on the localization of the financial sector was a major determinant in ATTIC’s formation; however the slow emergence of local insurance companies caused some degree of initial dormancy in the association’s activities.

 The mid to late seventies saw a marked increase in the localization activities and a rejuvenation of ATTIC, which by that time had joined forces with the Life Office Association and the Local Rating Committee.

 It was during the seventies that ATTIC began to work towards promoting the insurance industry and ensuring that the industry’s concerns were heard on issues that affected it.  In 1977 one of the Association’s first victories was the achievement of equity participation in the then state owned Reinsurance Company of Trinidad and Tobago.  The equity participation was achieved not only for ATTIC but non member companies as well. 

 As the years progressed ATTIC began to be called upon to speak on behalf of the insurance industry and sought to preserve its interest. Today ATTIC is recognized by government and the private sector as the ‘voice’ of the industry.

 Over the past forty years ATTIC’s membership has grown from merely five companies and now includes all of the life insurance companies and the majority of the general insurance companies in the country.  Its associate membership includes brokers, adjusters and other insurance related companies.

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Structure of ATTIC

Board of Directors
The Board of Directors is elected at the Annual General Meeting from among executives of member companies of the Association. The Board consists of ten Directors - five from the life sector and five from the general sector. The officers - President and two Vice-Presidents - are elected at the first board meeting of the current term. 

Membership

1.  Ordinary members, being companies incorporated or registered in Trinidad and Tobago which carry on in Trinidad and Tobago any class of insurance business and which are registered to carry on those classes of business with the Supervisory Authority.

2.  Subsidiary members, being companies incorporated or registered in Trinidad and Tobago which carry out in Trinidad and Tobago any class of insurance business and which are registered to carry on those classes of business with the Supervisory Authority and where the parent of the subsidiary is already an ordinary member. Subsidiary members will be required to pay a lower annual subscription than Ordinary members as determined by he Board of Directors in accordance with Clause 5.1 and shall not have the right to vote at meetings.

3.  Associate members, being persons of firms who are not insurers but who have bona fide interest in the promotion of the insurance industry of Trinidad and Tobago. Associate members will be required to pay a lower annual subscription than Ordinary members as determined by the Board of Directors in accordance with Clause 5.1 and shall not have the right to vote at meetings.

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