1. Members Report: Trinity Insurance Brokers Inc.
AAA Conference | 24 May 2019
Beijing, China
Members Report: Trinity Insurance Brokers Inc.

2. AAA Members Report – Philippines
Trinity Insurance Brokers Inc.
Annual Premium Turnover: USD 33,000,000.00
120 Employees

3. AAA Members Report – Philippines
Countries of Operation: Philippines

4. AAA Members Report – Philippines
% of income by top 5-10 Insurance Type
1. Health Medical Insurance- 49%
2. Fire Insurance- 30%
3. Motorcar Vehicle Insurance- 6%
4. Engineering Insurance- 3%
5. Ocean Marine Insurance- 2%

5. AAA Members Report – Philippines
Professional Indemnity
-Limit of Indemnity: USD 400,000.00

6. AAA Members Report – Philippines
Who regulates Insurance Brokers the country: Philippine Insurance Commission
What Insurance Broker and Agent Education Programs exists:
Various (Basic to advance)
How many Insurers operate in the country: Life 31, Non-life 59
How many Insurers are active Broker markets: Brokers 68

7. AAA Members Report – Philippines
Market Conditions
- Number of Insurers decreasing, increasing, stable:
Stable
- Insurance capacity decreasing, increasing, stable:
Increasing
- Premiums decreasing, increasing, stable:
- Commissions decreasing, increasing, stable:
- Amount of fee income as a percentage of total Broker income:
USD 4,000,000.00
- Average Broker income percentage earned as commission:
13%

8. AAA Members Report – Philippines
Number of Brokers decreasing, increasing, stable: Stable
Percentage of business controlled by Brokers: 50%
Percentage of business controlled by insurers (direct): 20%
Percentage of business controlled by other intermediaries e.g. banks: 30%

9. AAA Members Report – Philippines
Information Technology used by Brokers (including online platforms): Customized

10. AAA Members Report – Philippines
Political issues at time of report: Mid-term election
Economy at time of report: Growing- 6.4%
Member’s view of Insurance Broking over the next 3 years: Stable

11. AAA Members Report – Philippines
Member’s principle activities/successes over last year: Employee Education/ Training
Any major issues/challenges: Digitalization of the Company’s Operations

12. AAA Members Report – Philippines
Any potential business/opportunities for AAA members to work together: Reinsurance Facilities