1. Members Report: Trinity Insurance Brokers, Inc
AAA Conference | 18 May 2018
Auckland, New Zealand
Members Report: Trinity Insurance Brokers, Inc

2. AAA Members Report – Philippines
Country: Philippines
Name of Member: Trinity Insurance Brokers
Membership details (update)
- Annual Premium Turnover: US$ 30million
- Number of Staff: 120
- Location: Manilla and Cebu
Countries of Operation: Philippines

3. AAA Members Report – Philippines
Professional Indemnity Details (2017)
- Limit of Indemnity: PHP 20,000,000
- Legislative Requirements: PHP 10,000,000
- Insurers: Prudential Guarantee, Malayan Insurance, Pioneer Insurance, MAA General Assurance

4. AAA Members Report – Philippines
Who regulates Insurance Brokers in the country: Insurance Commission
What Insurance Broker and Agent Education Programs exists: None/courses are offered on voluntary basis
How many Insurers operate in the country: 60

5. AAA Members Report – Philippines
Market Conditions
- Number of Insurers decreasing, increasing, stable:
Decreasing
- Insurance capacity decreasing, increasing, stable:
Increasing
- Premiums decreasing, increasing, stable: Increasing
- Commissions decreasing, increasing, stable: Stable
- Average Broker income percentage earned as fees:
15%

6. AAA Members Report – Philippines
Number of Brokers decreasing, increasing, stable:
Decreasing
Overall level of Insurance Business decreasing, increasing, stable: Increasing
Percentage of business controlled direct by Brokers: 60%
Percentage of business controlled direct by insurers: 20%
Percentage of business controlled by other outlets: 20%

7. AAA Members Report – Philippines
Information Technology used by Brokers (including Internet): In house/Globe and Smart

8. AAA Members Report – Philippines
Political issues at time of report: Town elections
Economy at time of report: Economy grew by 6.8% of the first quarter of 2018

9. AAA Members Report – Philippines
Member’s view of Insurance Broking over the next three years: Stable
Any major issues to be resolved: Brokers agreement with Insurers
Member’s principle activities over last year: Digitalization of operations
Member’s planned activities over the coming year: Digitalization and training