Trident Insurance

What Trident Insurance does

Trident Insurance is a general insurance provider operating in Barbados under the Trinidad and Tobago Insurance Limited (TATIL) brand, offering motor, home, health, marine, commercial, and travel insurance products to individuals and small-to-medium businesses. Founded in 1979, the company was acquired by the ANSA McAL Group in 2019, with its insurance portfolio transferred to TATIL in May 2021. Trident is described as one of the leading general insurance companies in Barbados, backed by an A- (Excellent) Financial Strength Rating from AM Best and corporate support from the ANSA McAL Group.

The company distributes products through a multi-channel approach: a direct sales office at its Hastings headquarters in Christ Church, a network of insurance agents and brokers, online quote capabilities for motor/home/health, and a self-service online portal (My Policy) for policy management. Payment processing is supported through partnerships with SurePay physical and online locations, First Caribbean International Bank bill payment, CIBC Caribbean bank transfers, and Wells Fargo correspondent banking. The technology stack consists of standard insurance infrastructure — policy management systems, claims processing platforms, the TATIL Health Portal (24/7 claims submission and tracking), live chat via tawk.to, and the Safe Drive Policy product for new motor customers aged 30-75.

Trident's revenue model is built on recurring insurance premiums across individual and group policies, with flexible billing cadences (monthly, quarterly, semi-annual, annual) and installment options. Health insurance offers tiered coverage at $250K, $500K, and $1MIL benefit amounts with corresponding deductible options. Motor insurance includes No Claim Discount tiers ranging from 0% to 65%. Value-added services include RoadRescue (the first insurer-offered emergency roadside assistance in Barbados) and Accident Assist, both provided free to motor policy holders, serving as differentiation in the local market.

Name

Trident Insurance

Legal name

Trinidad and Tobago Insurance Limited

Website

https://tridentins.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

51–100 employees

Short description

Trident Insurance is a Barbados general insurance provider offering motor, home, health, marine, commercial, and travel insurance to individuals and SMBs, underwritten by TATIL and backed by ANSA McAL Group with an AM Best A- rating.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Ocean Marine Insurance (Hull, Cargo & Freight) (FSAJAHAA)

akta.pro secondary industries

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB), Standalone Umbrella Liability (FSAJANAE)

Keywords

• General insurance
• Motor insurance
• Property insurance
• Health insurance
• Commercial insurance

Headquarters

HQ city

Hastings

HQ country

Barbados

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Insurance Premiums: Core revenue from underwriting insurance policies across motor, home, health, marine, and commercial lines. Premiums are collected as either full payment at inception or through installment plans.
2. Motor Insurance: Comprehensive and third-party motor vehicle insurance policies with coverage for injury, property damage, and vehicle loss. Payment options include full payment or installment plans.
3. Health Insurance: Individual and group medical insurance plans with flexible coverage amounts ($250K, $500K, $1MIL) and deductible options ($250, $500, $1,000). Billing options include monthly, quarterly, semi-annual, and annual payments.
4. Commercial Insurance: Business insurance products including Fire & Perils, Business Interruption, Liability, Money Insurance, and Contractors All Risk coverage.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Trident Insurance is a general insurance provider in Barbados offering motor, home, health, marine, commercial, and travel insurance policies. Policies are underwritten by Trinidad and Tobago Insurance Limited (TATIL) and sold through direct office sales at the Hastings headquarters, an online self-service portal, and a network of agents and brokers.

Product overview

Trident Insurance is a property and casualty insurance company offering a comprehensive portfolio of general insurance products in Barbados since 1979. The company operates under the Trident brand, underwritten by Trinidad and Tobago Insurance Limited (TATIL), with an A- (Excellent) Financial Strength Rating from AM Best. The core product lineup includes Motor Insurance (Comprehensive and Third Party), Home Insurance, Health Insurance (Group, Individual, and Child Only plans), Marine Insurance, Commercial Insurance (Fire & Perils, Business Interruption, Burglary, Public Liability, Employers Liability, Money Insurance, Contractors All Risk, Commercial Motor), and Travel Insurance. Value-added services include RoadRescue emergency roadside assistance and Accident Assist, both provided free to motor policy holders. The company also offers specialized products like the Safe Drive Policy for new customers with NCD discounts.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance Vehicle insurance providing coverage for injury to any other person, damage to their property, and damage to the insured's own vehicle. Available as Comprehensive or Third Party coverage, with No Claim Discount tiers ranging from 0% to 65%.
• Home Insurance Homeowner's insurance policy providing protection for household members against loss, damage or legal liability. Covers buildings, swimming pools, waterside structures, and household contents against perils including fire, theft, natural disasters, and civil disturbances.
• Health Insurance Medical insurance offering Group Medical Plans (minimum 5 persons), Individual Medical Plans (up to age 60) with benefit amounts of $250K, $500K, and $1MIL, and Child Only Coverage. Includes access to the TATIL Health Portal for claims submission and benefit management.
• Marine Insurance Boat insurance covering loss or physical damage by perils of seas, rivers or lakes, fire, lightning, explosion, collision, windstorms, theft, food and drink liability, passenger liability, swimming and snorkeling, and cargo.
• Commercial Insurance Business insurance products including Fire & Perils, Business Interruption, Burglary, Public Liability, Employers Liability, Money Insurance, Contractors All Risk, and Commercial Motor coverage.
• Travel Insurance Travel insurance coverage protecting against lost luggage, accidents, and sudden illness during travel.
• Safe Drive Policy Discounted motor insurance product for new customers aged 30-75 years, named driver only policy requiring proof of No Claim Discount (NCD) for activation.

Quantifiable outcome

• First emergency roadside assistance service in Barbados - RoadRescue free to motor policy holders
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• ANSA McAL GroupcoreOthers · 1 January 2019ANSA McAL Group acquired Trident Insurance Company Limited in 2019, providing corporate backing through its Financial Services Sector. TATIL is a wholly owned subsidiary of ANSA Merchant Bank Limited.
• SurePaycoreChannel Partner/ Reseller/ DistributorSurePay provides payment processing services for Trident Insurance policyholders at their physical locations and online platform. Policyholders can make payments using their policy number at any SurePay location.
• First Caribbean International BankcoreChannel Partner/ Reseller/ DistributorFirst Caribbean International Bank provides bill payment services for Trident Insurance under the account name Trinidad and Tobago Insurance Ltd. Policyholders can pay premiums through the bank's bill payment system.
• CIBC CaribbeancoreOthersCIBC Caribbean is the beneficiary bank for direct transfers. Account Name: Trinidad & Tobago Insurance Limited, Account Number: 2613936, Branch: Warrens, Swift Code: FCIBBBBB for local and international transfers.
• Wells Fargo BankminorOthersWells Fargo Bank, New York serves as correspondent bank for international USD transfers, with SWIFT Code: PNBPUS3NNYC and ABA Code: 026005092.
• TATIL (Trinidad and Tobago Insurance Limited)coreOthersTATIL is the parent underwriter that acquired Trident Insurance's portfolio in May 2021. TATIL underwrites policies under the Trident brand and holds the registered trademark. Licensed by the Financial Services Commission in Barbados.
• TATIL Health PortalcoreTechnology or IntegrationTATIL Health Portal (mytatilhealth.com) is an integrated online system that securely administers all Trident health insurance policies, providing 24/7 access to claim submission, status tracking, and benefit information.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Sagicor General Insurance: General insurance arm of the Sagicor group operating across the Caribbean with motor, property, marine, and commercial products. Comparable product breadth to Trident with significantly larger scale and geographic footprint, making it a relevant incumbent competitor.
• BF&M Insurance Group: Bermuda-based insurance group with property & casualty operations across the Caribbean. Comparable multi-line P&C focus and regional Caribbean presence, but with broader scale and Bermuda-listed status providing capital advantages Trident lacks.
• Sagicor Life Insurance Company: Large Caribbean financial services group with both life and general insurance operations across multiple territories. A broader incumbent than Trident with deeper geographic footprint and life/health capabilities, overlapping with Trident in general insurance and group health.
• Pan-American Life Insurance Group: Caribbean and Latin America insurance carrier offering life, health, and P&C products. Overlaps with Trident's health insurance and broader commercial lines, serving similar Caribbean customer segments with deeper capital and reinsurance relationships.

Regional players

• Beacon Insurance Company Limited: Trinidad & Tobago-based insurance carrier serving the Caribbean with personal and commercial lines including motor, property, and marine. Comparable in product mix and Caribbean geographic orientation, though primarily operating outside Barbados.
• Demerara Mutual Life Assurance Society: Long-established Caribbean insurance provider operating across Guyana and the Eastern Caribbean with life, health, and general insurance products. Comparable in multi-line offering and long regional tenure, though operating in a different primary geography.
• Guardian Life of the Caribbean: Caribbean-focused life and health insurance provider operating across multiple territories. Overlaps with Trident's health insurance line and individual medical plans, serving a similar customer base across the Caribbean region.
• RF&G Insurance Group: Caribbean insurance group operating across multiple territories including Belize and the Eastern Caribbean, offering motor, property, marine, and commercial lines. Comparable in product breadth and Caribbean geographic scope, though serving a different primary territory than Barbados.

Direct peers

• Guardian General Insurance Caribbean: One of the largest general insurance carriers in the Caribbean with multi-line P&C operations across the region. Directly comparable to Trident as a multi-line general insurer serving personal and commercial customers with motor, property, and commercial lines across Caribbean geographies.
• Insurance Corporation of Barbados Limited (ICBL): Major Barbados-domiciled general insurance carrier offering motor, property, marine, and commercial coverage to individuals and businesses. Direct domestic competitor sharing the same small island market, multi-line structure, and distribution channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TridentBarbados
• Facebookfacebook.com/TridentInsuranceBarbados
• LinkedInlinkedin.com/company/trident-insurance

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

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 Trident Insurance