THE CURRENT STAGE OF REINSURANCE DEVELOPMENT WITHIN FORMER-USSR TERRITORIES
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THE CURRENT STAGE OF REINSURANCE DEVELOPMENT WITHIN FORMER-USSR TERRITORIES PowerPoint PPT Presentation


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THE CURRENT STAGE OF REINSURANCE DEVELOPMENT WITHIN FORMER-USSR TERRITORIES. Dmitry GARMASH Deputy CEO Unity Re Ltd. AIIF | 4-5 July | 2012 | Baku. Non-life insurance market development. Source : XPRIMM insurance report, 1/2012(6)* 3Q 2011 results. Market players non-life.

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THE CURRENT STAGE OF REINSURANCE DEVELOPMENT WITHIN FORMER-USSR TERRITORIES

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The current stage of reinsurance development within former ussr territories

THE CURRENT STAGE OF REINSURANCE DEVELOPMENT WITHIN FORMER-USSR TERRITORIES

Dmitry GARMASHDeputy CEOUnity Re Ltd.

AIIF | 4-5 July | 2012 |Baku


The current stage of reinsurance development within former ussr territories

Non-life insurance market development

Source: XPRIMM insurance report, 1/2012(6)* 3Q 2011 results


The current stage of reinsurance development within former ussr territories

Market players non-life


The current stage of reinsurance development within former ussr territories

Outward reinsurance non-life


The current stage of reinsurance development within former ussr territories

Current market position

  • Totalnon-life insurance premium 2011 ~33 billion EUR

  • Average annual growth~25%

  • Total outward reinsurance 2011 ~3,1 billion EUR

  • Just 2% of world reinsurance non-life premium

  • Number of insurance players ~1 000 companies

  • Split for classic/scheme insurance ~60/40

  • Absolute leading market – Russia

  • Key market driving LOBs: motor + property + mandatory lines

5


The current stage of reinsurance development within former ussr territories

Market features

  • No binding to international insurance cycle

  • Descending pricing trend for 2000ths

  • Stable and uniform group of international reinsurers

  • Historically tight cooperation with Russian market

  • Disproportional development of Fac and Treaty cover

  • CAT-exposure but with underdeveloped modelling

  • Differential legislative approach to market regulating


The current stage of reinsurance development within former ussr territories

Domestic reinsurance capacity


The current stage of reinsurance development within former ussr territories

FSU reinsurance leaders


The current stage of reinsurance development within former ussr territories

International ratings


The current stage of reinsurance development within former ussr territories

Thank you!

125047, Russian Federation, MoscowGasheka street, 12

Tel.: +7 495 956 6589Fax: +7 495 956 6598

E-mail: [email protected]

www.unityre.com


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