THE CURRENT STAGE OF REINSURANCE DEVELOPMENT WITHIN FORMER-USSR TERRITORIES
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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

Dmitry GARMASHDeputy CEOUnity Re Ltd.

AIIF | 4-5 July | 2012 |Baku


Non-life insurance market development FORMER-USSR TERRITORIES

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


Market players non-life FORMER-USSR TERRITORIES


Outward reinsurance non-life FORMER-USSR TERRITORIES


Current market position FORMER-USSR TERRITORIES

  • 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


Market features FORMER-USSR TERRITORIES

  • 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


Domestic reinsurance capacity FORMER-USSR TERRITORIES


FSU reinsurance leaders FORMER-USSR TERRITORIES


International ratings FORMER-USSR TERRITORIES


Thank you! FORMER-USSR TERRITORIES

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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