EASTERN REINSURANCE COMPANY.

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Presentation transcript:

EASTERN REINSURANCE COMPANY

Russian reinsurance market Results of 2009 EASTERN REINSURANCE COMPANY

2009 Incoming Reinsurance 2008 2009 RUR 53.592 bln. = USD 1.786 bln. Specialized Reinsurers volume decreasing 40% Universal Insurance companies volume decreasing 10% 2009 Incoming Reinsurance

2008 RUR 6.130 bln. = USD 204.0 mln. 2009 RUR 7.000 bln. = USD 235.0 mln. Written premium in 2008 - 89% of lost volumes in 2009 Lost volumes in 2009 Reinsurers decreasing premium in 2009 7% 2009 Incoming Reinsurance

2009 Incoming Reinsurance RUR 32.781 bln. = USD 1.093 bln. USD 340.5 mln. Universal Insurance companies 76% Specialized reinsurers 24% 2009 Incoming Reinsurance

2009 Incoming Reinsurance RUR 32.873 bln. = USD 1.960 bln. USD 337.4 mln. Russia 76% Non-resident 24% 2009 Incoming Reinsurance

2009 Incoming Reinsurance 2008 2009 2008 2009 Specialized Reinsurers : RUR 6.128 bln. = USD 204.0 mln. 2009 RUR 3.432 bln. = USD 114.4 mln. Paid losses in 2008 Paid losses in 2009 decreased by 44% Specialized Reinsurers & Universal Insurers: 2008 RUR 16.821 bln. = USD 560.71 mln. 2009 RUR 14.803 bln. = USD 493.43 mln. Paid losses in 2008 Paid losses in 2009 decreased by 12% 2009 Incoming Reinsurance

2009 Incoming Reinsurance 2008 2009 Universal Insurers: RUR 12.122 bln. = USD 404.06 mln. 2009 RUR 11.371 bln. = USD 379.0 mln. Paid losses in 2008 Paid losses in 2009 increased by 6.2% 2009 Incoming Reinsurance

2009 : volume of premium decreased by 3 p.p. up to 34.4% Loss ratio of Specialized Reinsurers decreased by 2 p.p. up to 33.6% Loss ratio of Universal Reinsurers increased by 5.3 p.p. up to 34.7% 2009 Incoming Reinsurance

2009 Outgoing Reinsurance 2009 2009 RUR 97.363 bln. = USD 3.245 bln. Premium transmitted in reinsurance 420 Universal Insurance companies - 95% 24 Specialized Reinsurers - 5% Total written premium of Insurance RUR 92.652 bln. = USD 3.088 bln. RUR 4.711 bln. = USD 157.0 mln. 2009 Outgoing Reinsurance

2009 Outgoing Reinsurance RUR 54.499 bln. = USD 1.816 bln. Premium transmitted abroad 56% Premium transmitted into Russia 44% 2009 Outgoing Reinsurance

2009 Outgoing Reinsurance Motor: increasing from 32% to 37% Dangerous Enterprises Owners Liability: increasing from 54% to 59% Rest kinds: increasing by 1-2% Motor TPL: increasing from 19% to 27% 2009 Outgoing Reinsurance

Compensation paid by Russian reinsurers RUR 23. 343 bln. = USD 778 Compensation paid by Russian reinsurers RUR 23.343 bln. = USD 778.1 mln. 24% of transmitted premium Compensation paid by foreign reinsurers RUR 11.934 bln. = USD 397.8 mln. 22.9% of transmitted abroad premium 2009 Outgoing Reinsurance

2008 191 2009 176 Number of companies providing incoming reinsurance Including 24 specialized Reinsurers 2009 Statistics

2009 702 (693) 2009 464 Total number of insurance companies Insurance companies providing outgoing reinsurance (66-67%) 2009 Statistics

2009 Statistics Current requirements: RUR 30.0 mln. = USD 1.0 mln. Expected: RUR 120.0 mln. = USD 4.0 mln. Conversion rates: Property insurance - 1 RUR 120.0 mln. = USD 4.0 mln. Life insurance - 2 RUR 280.0 mln. = USD 8.0mln. Reinsurance - 4 RUR 480.0 mln. = USD 16.0 mln. Less than RUR 120.0 mln. = USD 4.0 mln. - 55% Market share – 7% RUR 480.0 mln. = USD 16.0 mln. - 11% Market share – 78% 2009 Statistics

Building 1, 11/10 Letnikovskaya Str., Moscow Office: Building 1, 11/10 Letnikovskaya Str., Moscow, 115114, Russia Tel/fax: +7 (495) 926-78-81, 926-72-20 e-mail: vpk@vpkre.ru Contacts

EASTERN REINSURANCE COMPANY www.vpkre.ru EASTERN REINSURANCE COMPANY