Transcript Слайд 1 - Unity Re Ltd.

INTERNATIONAL RATING
AS THE COMPETITION
ENCHANCEMENT TOOL
FOR NATIONAL REINSURER
Dmitry GARMASH
Deputy Managing director
Unity Re Ltd / Group RESO
10-11 July 2008, Baku
Azerbaijan International Insurance Forum 2008
Key factors of national R/I business growth:
Infrastructure:
•Broker sales channel
•Regionality
•Large-scale projects
Financial:
-Capitalization
-Investments, M&A
-R A T I N G S
Market:
•Phaze of cycle
•Alternative capacity demand
•Domestic market narrowing
International ratings dynamics in Russia & CIS:
• Companies in the world having and international
rating - 43 000; in Russia – 84; in CIS ~ 110
• estimate for 2008-09: more 45-60 companies will obtain
international ratings
• growth of ratings in Russia for 2007г. =
growth for 1998-2003 = 39
• insurance & reinsurance companies with ratings =
12 (Russia) + 5 (CIS)
• rated financial institutions in Russia, 2007:
Fitch – 45, S&P – 38, Moody’s - 20
Source: Vedomosti/Smart Money; Expert RA
Company
S&P
Ingosstrakh
BBB- / ruAA+
Allianz
BBB-
Fitch
AMBest
Unity Re
B1 / A2.ru
Sogaz
BB
ACE
BBB
Moscow Re
BB- / ruA+
Transsib Re
B+ / A-rus
Russian Insurance Center
B / BBB-rus
B-
ROSNO-Allianz
Baa1 / Aaa.ru
Russian Re
B+
Moscow Insurance Co.
Lexgarant
Moody’s
BB / A-rus
B / A-ru
Eurasia
B++
Lemma
B+
Generali-garant
Ba3
Standard Insurance
B1
KECIC
Baa1
Market
position
Assets
Capitalization
Key points of analysis  sectors for growth & reengineering:
Market position
Capacity, security, services, competition
Management
Qualitative, business processes, team integration
Corporate strategy
Development, financial planning, budgeting, M&A
Investments, liquidity,
financial mechanism
Rating, credit risk, interest, recurrency
Capitalization
Reserves, retrocession, capital
Corporate risk
management
Risk environment, management
Enhancements through rating:
External
• shareholders
• competitors
• clients/partners
• investors
• regulating authorities
• mass media
Internal
• business process & IT optimization
• reengineering of investments & liquidity
• capitalization
• modeling
Unity Re
Moscow, Russia
Paid-up capital:
13,0 mio RUR
NPW 2007:
16,5 mio USD
Moody’s rating:
B1 (international, stable outlook)
A2.ru (national, stable outlook)
Questions:
Tel.:
+7 495 956 6589, add. 4950
E-mail: [email protected]
Web:
www.unityre.ru