About Milli Re and Our Approach to the Region by Alexandre Bichot Deputy Head of Department Foreign Inward Business - Milli Re 1 AIIF 19th June 2014.

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Presentation transcript:

About Milli Re and Our Approach to the Region by Alexandre Bichot Deputy Head of Department Foreign Inward Business - Milli Re 1 AIIF 19th June 2014

Key Figures Concerning Milli Re 2 Million USD Written Premium77,1153,5255,0537,0553,2433,5 Net Premium42,7100,6223,7470,1500,1374,4 Total Assets45,8137,1193,7737,61.048,7865,5 Liquid Assets5,133,953,0431,6567,7515,8 Paid-up Capital0,0111,622,0254,4339,6288,2 Shareholders’ Equity 0,318,661,8416,9516,6328,9 Foreign Portfolio Development Local98 % 96 % 86 % 80 % 78 % 76% Overseas2%2% 4%4% 14 % 20 % 22 % 24% % 24 %

Key Financial Indicators (1) Shareholders’ Equity (US$ mio) Profit/Loss for Period (US$ mio) Premium Income (US$ mio)

Key Financial Indicators 4 Financial Results (US$ mio) Total Assets Shareholders’ Equity Technical Income Technical Profit/Loss595 Financial Income2521 Financial Profit/Loss(4)5 Profit/Loss for the Period5510

5 Branchwise Breakdown of Total Premium Income in 2013

Portfolio Breakdown by Region 6

Rating The importance of a “rating” in the international reinsurance market is a well known fact. Our financial strength rating from A.M.BEST Rating Agency is “B+” (good). Our Turkish national scale rating from Standard & Poor's Ratings Services is “trAA+”. 7

Milli Re’s Approach to the CAUCASUS Region Advantages : 1. Good Technical Results 2. Potential For Growth 3. Low Loss Frequency and Severity 4. Low Penetration Levels 8

Milli Re’s Approach to the CAUCASUS Disadvantages : 1. Natural Perils ( Majorly Earthquake) 2. Underpricing 3. Lack of Treaty Protection 4. Mostly Young and Inexperienced Markets 9

Milli Re’s Approach to the CAUCASUS Vision for the Region : 1. Increase Business Volume with Already Existing Partners 2. Create New Partnerships 3. Diversify the Portfolio Branchwise 4. Geographical Spread 10

Milli Re’s Approach to the CAUCASUS Future of the Region: 1. Create More Ties and Partnerships with Regional Reinsurers 2. Have a More Diversified Reinsurance Panel 3. Increase the Rates 4. Increase Treaty Protections ( especially concerning NatCat ) 11

Thank you ! 12