Azerbaijan Reinsurance Market Azerbaijan International Insurance Forum Fuad Kuliyev (AzRe) June 20, 2013.

Slides:

Advertisements

Similar presentations

TWO STEP EQUATIONS 1. SOLVE FOR X 2. DO THE ADDITION STEP FIRST

Advertisements

Warm Up Problem of the Day Lesson Presentation Lesson Quizzes.

Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 14 Money in the Open Economy.

Copyright © 2003 Pearson Education, Inc. Slide 1 Computer Systems Organization & Architecture Chapters 8-12 John D. Carpinelli.

1 Copyright © 2010, Elsevier Inc. All rights Reserved Fig 2.1 Chapter 2.

1 Chapter 40 - Physiology and Pathophysiology of Diuretic Action Copyright © 2013 Elsevier Inc. All rights reserved.

By D. Fisher Geometric Transformations. Reflection, Rotation, or Translation 1.

Multiplication X 1 1 x 1 = 1 2 x 1 = 2 3 x 1 = 3 4 x 1 = 4 5 x 1 = 5 6 x 1 = 6 7 x 1 = 7 8 x 1 = 8 9 x 1 = 9 10 x 1 = x 1 = x 1 = 12 X 2 1.

Division ÷ 1 1 ÷ 1 = 1 2 ÷ 1 = 2 3 ÷ 1 = 3 4 ÷ 1 = 4 5 ÷ 1 = 5 6 ÷ 1 = 6 7 ÷ 1 = 7 8 ÷ 1 = 8 9 ÷ 1 = 9 10 ÷ 1 = ÷ 1 = ÷ 1 = 12 ÷ 2 2 ÷ 2 =

Azerbaijan housing finance system STRATEGIC OVERVIEW.

We need a common denominator to add these fractions.

The Baltic States: Recovery, Outlook, and Challenges Economic Crossroads: From Recovery to Sustainable Development in the Baltic States and the EU Riga,

Jeopardy Q 1 Q 6 Q 11 Q 16 Q 21 Q 2 Q 7 Q 12 Q 17 Q 22 Q 3 Q 8 Q 13

Jeopardy Q 1 Q 6 Q 11 Q 16 Q 21 Q 2 Q 7 Q 12 Q 17 Q 22 Q 3 Q 8 Q 13

Multiplication Facts Review. 6 x 4 = 24 5 x 5 = 25.

2 pt 3 pt 4 pt 5pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2pt 3 pt 4pt 5 pt 1pt 2pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4pt 5 pt 1pt Simplify All mixed up Misc. AddingSubtract.

DIVIDING INTEGERS 1. IF THE SIGNS ARE THE SAME THE ANSWER IS POSITIVE 2. IF THE SIGNS ARE DIFFERENT THE ANSWER IS NEGATIVE.

MULTIPLYING MONOMIALS TIMES POLYNOMIALS (DISTRIBUTIVE PROPERTY)

ADDING INTEGERS 1. POS. + POS. = POS. 2. NEG. + NEG. = NEG. 3. POS. + NEG. OR NEG. + POS. SUBTRACT TAKE SIGN OF BIGGER ABSOLUTE VALUE.

MULTIPLICATION EQUATIONS 1. SOLVE FOR X 3. WHAT EVER YOU DO TO ONE SIDE YOU HAVE TO DO TO THE OTHER 2. DIVIDE BY THE NUMBER IN FRONT OF THE VARIABLE.

SUBTRACTING INTEGERS 1. CHANGE THE SUBTRACTION SIGN TO ADDITION

MULT. INTEGERS 1. IF THE SIGNS ARE THE SAME THE ANSWER IS POSITIVE 2. IF THE SIGNS ARE DIFFERENT THE ANSWER IS NEGATIVE.

FACTORING Think Distributive property backwards Work down, Show all steps ax + ay = a(x + y)

FACTORING ax2 + bx + c Think “unfoil” Work down, Show all steps.

1 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt FactorsFactors.

Year 6 mental test 10 second questions Numbers and number system Numbers and the number system, fractions, decimals, proportion & probability.

Around the World AdditionSubtraction MultiplicationDivision AdditionSubtraction MultiplicationDivision.

C1 Sequences and series. Write down the first 4 terms of the sequence u n+1 =u n +6, u 1 =6 6, 12, 18, 24.

Finnish insurance in Breakdown of gross premiums written by Finnish insurers in

Richmond House, Liverpool (1) 26 th January 2004.

EU Market Situation for Eggs and Poultry Management Committee 21 June 2012.

Measuring the Economy’s Performance

© S Haughton more than 3?

Research Department 1 Global Economic Crisis and the Israeli Economy Herzliya conference Dr. Karnit Flug Research Director, Bank of Israel February 2009.

Copyright © 2012, Elsevier Inc. All rights Reserved. 1 Chapter 7 Modeling Structure with Blocks.

1 RA III - Regional Training Seminar on CLIMAT&CLIMAT TEMP Reporting Buenos Aires, Argentina, 25 – 27 October 2006 Status of observing programmes in RA.

Squares and Square Root WALK. Solve each problem REVIEW:

Energy & Green Urbanism Markku Lappalainen Aalto University.

© 2012 National Heart Foundation of Australia. Slide 2.

Past Tense Probe. Past Tense Probe Past Tense Probe – Practice 1.

+21 Economic Expectations Europe December 2013 Indicator > +20 Indicator 0 to +20 Indicator 0 to -20 Indicator < -20 European Union total: +14 Indicator.

Addition 1’s to 20.

25 seconds left…...

Test B, 100 Subtraction Facts

We will resume in: 25 Minutes.

©Brooks/Cole, 2001 Chapter 12 Derived Types-- Enumerated, Structure and Union.

Essential Cell Biology

1 Unit 1 Kinematics Chapter 1 Day

PSSA Preparation.

TASK: Skill Development A proportional relationship is a set of equivalent ratios. Equivalent ratios have equal values using different numbers. Creating.

Weekly Attendance by Class w/e 6 th September 2013.

How Cells Obtain Energy from Food

Energy Generation in Mitochondria and Chlorplasts

Current state of Azerbaijan Life Insurance market, trends and perspectives IV Azerbaijan International Insurance Forum - AIIF June, 2013 Baku, “Jumeirah.

 Hannover Re in Azerbaijan  Proportional vs. non-proportional  CAT XL Treaty  Multi-line combined per Risk / per Event XL Treaty Reinsurance Solutions.

CAUCASUS INSURANCE MARKET AIIF 2012 Chingiz Mekhtiyev 1.

Azerbaijan Country Report Presented by the Ministry of Foreign Affairs.

Financial overview of Finnish insurance companies

EASTERN REINSURANCE COMPANY.

Presentation transcript:

Azerbaijan Reinsurance Market Azerbaijan International Insurance Forum Fuad Kuliyev (AzRe) June 20, 2013

General Information Establishment: 28 May 1918 Independence: 18 October 1991 Official Language: Azerbaijanian Political system: Presidential Republic Area: 86.6 ths. sq. km. Population: 9,36 million Capital: Baku Autonomous Republic: Nakhchivan Currency: Manat 2AIIF 2013

Macroeconomic indicators Population9,24 million9,36 million GDP63.4 bln USD69.2 bln USD GDP per capita7.0 thsd USD7.5 thsd USD Inflation7.9 %1.1% Poverty level7.6 %6.0 % Average monthly salary460 USD502 USD Foreign Investments8.7 bln USD10.3 bln USD Domestic Investments13.0 bln USD15.4 bln USD Strategic Currency reserves40 bln USD46 bln USD 3AIIF 2013

Country ratings Long term credit rating: BBB- with stable outlook Long term credit rating: Baa3 with stable outlook 4AIIF 2013

Insurance Market (USD) Total Assets581.9 mln765.4 mln Paid-up capital321.8 mln374.6 mln Gross Written Premium270.8 mln436.3 mln Paid Claims78.3 mln119.6 mln GWP/GDP %0,43%0,63% GWP per capita AIIF 2013

Gross / Net Outgoing Reinsurance Premium Gross Reinsurance Premium AZN 88,17 mln Net Reinsurance Premium AZN mln 6AIIF 2013

Paid Claims & Loss Ratio Paid Claims – AZN mln Loss Ratio 7AIIF 2013

Life and Non-life Gross written premiumLoss Ratio 8AIIF 2013

Proportional & non-proportional Gross reinsurance premiumNet reinsurance premium 9AIIF 2013

Reinsurance structure (by types) 10AIIF 2013

Paid Claims 11AIIF 2013

Loss Ratio (Claims/NRP) 12AIIF 2013

Reinsurance structure (by countries) 13AIIF 2013

Reinsurance structure (overseas reinsurers) 14AIIF 2013

Reinsurance Structure (by S&P rating) 15AIIF 2013

Reinsurance Structure – overseas reinsurers only (by S&P rating) 16AIIF 2013

Initiative for market Cat cover Country risk profile 17AIIF 2013

Initiative for market Cat cover Background of demand 18AIIF 2013 Main risks Earthquake Floods Landslides Hailstorm Loss history -Zaqatala earthquake, April 2012 – AZN 420 mln economic loss -Kur-Araz floods, April-May 2010 – AZN 20 mln economic loss -Baku earthquake, 2001 Covered natural perils by compulsory law Earthquake, volcanic eruption, storm, hailstorm, hurricane, flood, inundation, heavy rain, landslide

THANK YOU