Bankers Insurance Company of Trinidad & Tobago Limited

What Bankers Insurance Company of Trinidad & Tobago Limited does

Bankers Insurance Company of Trinidad & Tobago Limited is a privately held general insurance carrier founded in 1981 and headquartered at #40 Main Road, Chaguanas, Trinidad and Tobago. The company is regulated and licensed by the Central Bank of Trinidad and Tobago to underwrite all classes of short-term (general) insurance: Motor, Property, Accident/Liability, Marine, and Bonds. It serves both individual consumers (private-use motor, homeowners, contents) and business and commercial entities (commercial property, contractors all risk, marine cargo/hull, performance and customs bonds, professional indemnity, D&O, workmen's compensation, and other specialty liability covers).

The company operates a multi-channel distribution model combining three owned branches (Chaguanas HQ, San Fernando South Branch, Scarborough Tobago Branch), a wide network of independent insurance agencies and sales representatives across both islands, and a basic digital channel that supports online policy renewal requests and contactless curbside pickup at two branches. Its core technology stack is a CMS-based website (powered by KMRSCloud) plus a 24/7 emergency roadside assistance platform branded ForenSys, which provides towing, tyre change, fuel delivery, windscreen repair, battery jumpstart, locksmith, and accident scene management to policyholders. There is no disclosed AI, ML, or advanced analytics capability; operational technology is functional rather than differentiated.

Bankers Insurance generates revenue through recurring insurance premiums across its multi-class book (motor, property, accident/liability, marine, bonds), with pricing set on a per-risk basis. Sample motor premiums disclosed for new vehicles range from approximately $5,000 (for a $150,000 vehicle) to $9,500 (for a $400,000 vehicle), with annual billing cadence typical. The company also offers a premium financing arrangement via partner Sennocke at 2% monthly interest, enabling monthly installment billing, and a multi-policy "Bundle & Save" discount combining motor and homeowners coverage. A multi-channel marketing approach — website, email, social media (Twitter/LinkedIn/Facebook/YouTube), and corporate sponsorships — supports customer acquisition and retention across Trinidad and Tobago.

Name

Bankers Insurance Company of Trinidad & Tobago Limited

Legal name

Bankers Insurance Company of Trinidad & Tobago Limited

Website

https://bankerstt.com/

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Bankers Insurance we offer Insurance Services to individuals as well as businesses.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Package / Business Owners Policies (BOP) (FSAJAMAG)

akta.pro secondary industries

Small Business BOP (Main Street) (FSAJAFAA), Professional Firms BOP (Office/Professional) (FSAJAFAE)

Keywords

• General insurance services
• Motor vehicle insurance
• Property insurance
• Marine insurance
• Bond insurance

Headquarters

HQ city

Chaguanas

HQ country

Trinidad & Tobago

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: Collection of insurance premiums across multiple classes of general insurance including Motor, Property, Accident/Liability, Marine, and Bonds. Premiums are collected as recurring payments, typically annually or through premium financing installments.
2. Premium Financing: Premium financing service allowing customers to spread insurance premium payments over regular monthly installments instead of paying the full premium upfront. Provided through Sennocke with competitive rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Bankers Insurance Company of Trinidad & Tobago Limited is a regulated general insurance provider that underwrites and distributes Motor, Property, Accident/Liability, Marine, and Bond insurance policies to individuals and businesses across Trinidad and Tobago. The company sells policies directly through three branches, indirectly through an independent agency network, and online, with supporting services such as premium financing and 24/7 emergency roadside assistance.

Product overview

Bankers Insurance Company of Trinidad & Tobago Limited is a registered general insurance company offering a comprehensive portfolio of insurance products and services. The core offerings include Motor Insurance (Comprehensive, Third Party Fire & Theft, and Third Party Only), Property Insurance (Homeowners Comprehensive with Contents Insurance, and Commercial Insurance including Fire & Special Perils, Property All Risk, Plant & Machinery All Risk, Contractors All Risks, and Consequential Loss), Accident/Liability Insurance (Burglary, Professional Indemnity, Directors & Officers, Workmen's Compensation, Goods In Transit, Cash In Transit, All Risk, Mortgage Indemnity, Fidelity Guarantee, and Public Liability), Marine Insurance (Marine Cargo and Marine Hull), and Bond Insurance (Bid/Tender, Advance Payment, Performance, Customs, and Immigration Bonds). The company provides additional services including Premium Financing (offered through Sennocke) for affordable installment payments, ForenSys 24/7 Emergency Roadside Assistance, and Curbside Pickup for policy renewals. All products are regulated by the Central Bank of Trinidad and Tobago and offered through a wide network of branches, agencies, and sales representatives throughout Trinidad and Tobago.

Differentiator

Problem solved

Functional benefit

Products and services

• Comprehensive Motor Insurance

Named customers25 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Market position

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BankersInsurancett

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bankers Insurance Company of Trinidad & Tobago Limited