I have been authorised by Cabinet to make this Statement on the Operations of the National Insurance Board of Trinidad and Tobago (NIBTT) and Audited Financial Statements for the Financial Year ended June 30, 2024.

2. Section 13(2) of the National Insurance Act, Chap. 32:01 states that ‘Subject to subsection (3), the Board shall within three months of the end of each financial year make a report of its proceedings and of the operation of this Act in respect of that financial year to the Minister who shall, within two months of receipt of such report, lay it before Parliament. Today, I would like to outline to this House some of the main highlights of this Report.