eastern reinsurance company
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EASTERN REINSURANCE COMPANY. Russian reinsurance market Results of 2009. EASTERN REINSURANCE COMPANY. 2009 Incoming Reinsurance. Specialized Reinsurers volume decreasing 40% Universal Insurance companies volume decreasing 10%. 2008. RUR 53.592 bln . =. USD 1.786 bln. 2009. - PowerPoint PPT PresentationTRANSCRIPT
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EASTERNREINSURANCE COMPANY
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Russian reinsurance marketResults of 2009
EASTERN REINSURANCE COMPANY
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Specialized Reinsurers volume decreasing 40%
Universal Insurance companies volume decreasing 10%
2009 Incoming Reinsurance
RUR 42.996 bln. =
RUR 53.592 bln. =
2008
2009
USD 1.786 bln.
USD 1.433 bln.
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Written premium in 2008 - 89% of lost volumes in 2009
Lost volumes in 2009
Reinsurers decreasing premium in 2009 7%
2009 Incoming Reinsurance
RUR 7.000 bln. =
RUR 6.130 bln. =
2008
2009
USD 204.0 mln.
USD 235.0 mln.
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Universal Insurance companies 76%
Specialized reinsurers 24%
2009 Incoming Reinsurance
RUR 10.215 bln. =
RUR 32.781 bln. =
USD 1.093 bln.
USD 340.5 mln.
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Russia 76%
Non-resident 24%
2009 Incoming Reinsurance
RUR 10.122 bln. =
RUR 32.873 bln. =
USD 1.960 bln.
USD 337.4 mln.
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Paid losses in 2008
Paid losses in 2009 decreased by 44%
Specialized Reinsurers & Universal Insurers:
2009 Incoming Reinsurance
RUR 3.432 bln. =
RUR 6.128 bln. =
2008 2009
USD 204.0 mln.
USD 114.4 mln.
Specialized Reinsurers :
2008 RUR 16.821 bln. =
USD 560.71 mln.
2009 RUR 14.803 bln. =USD 493.43 mln.
Paid losses in 2008Paid losses in 2009 decreased by 12%
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Paid losses in 2008
Paid losses in 2009 increased by 6.2%
2009 Incoming Reinsurance
RUR 11.371 bln. =
RUR 12.122 bln. =
USD 404.06 mln.
USD 379.0 mln.
Universal Insurers:
2008
2009
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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 : volume of premium decreased by 3 p.p. up to 34.4%
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Premium transmitted in reinsurance
420 Universal Insurance companies - 95%
24 Specialized Reinsurers - 5%
Total written premium of Insurance
2009 Outgoing Reinsurance
RUR 977.53 bln. =
RUR 97.363 bln. =
2009
2009
USD 3.245 bln.
USD 32.584 bln.
RUR 92.652 bln. =
USD 3.088 bln. RUR 4.711 bln. =
USD 157.0 mln.
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Premium transmitted abroad 56%
Premium transmitted into Russia 44%
2009 Outgoing Reinsurance
RUR 42.915 bln. =
RUR 54.499 bln. =
USD 1.816 bln.
USD 1.430 bln.
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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
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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
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Number of companies providing incoming reinsurance
Including 24 specialized Reinsurers
2009 Statistics
176
191
2008
2009
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Total number of insurance companies
Insurance companies providing outgoing reinsurance (66-67%)
2009 Statistics
464
702 (693)
2009
2009
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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
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Contacts
Moscow Office:
Building 1, 11/10 Letnikovskaya Str., Moscow, 115114, Russia
Tel/fax: +7 (495) 926-78-81, 926-72-20 e-mail: [email protected]
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www.vpkre.ru
EASTERN REINSURANCE COMPANY