Transcript Слайд 1 - Unity Re Ltd.

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
m EUR
2011
m EUR
2010
Growth, %
1
Russia
29 592
25 253
17,18
2
Ukraine
1 263
1 149
9,85
3
Kazakhstan
876
691
26,88
4
Belarus
209
318
-34,36
5
Azerbaijan
187
146
28,19
6
Georgia*
111
121
-8,5
7
Uzbekistan
99
81
22,78
8
Moldova
58
53
9,7
9
Turkmenistan
46
40
15,19
10 Armenia
45
17
161,56
11 Tajikistan
20
16
25
12 Kyrgyzstan*
10
7
43,35
Source: XPRIMM insurance report, 1/2012(6)
* 3Q 2011 results
Market players non-life
Number
2011
1
Russia
495
2
Ukraine
381
3
Kazakhstan
38
4
Belarus
19
5
Azerbaijan
28
6
Georgia
15
7
Uzbekistan
38
8
Moldova
21
9
Turkmenistan
1
10
Armenia
9
11
Tajikistan
16
12
Kyrgyzstan
18
Outward reinsurance non-life
Insurance GWP
Non-life, m EU
2011
Outward R/I
Non-life, m EUR
2011
1
Russia
29 592
2 150
2
Ukraine
1 263
535
3
Kazakhstan
876
305
4
Belarus
209
7
5
Azerbaijan
187
33
6
Georgia
111
18
7
Uzbekistan
99
31
8
Moldova
58
13
9
Turkmenistan
46
-
10
Armenia
45
8
11
Tajikistan
20
-
12
Kyrgyzstan
10
-
Current market position
•
Total non-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
•
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
LOB
Pure international
business,
Million USD
FSU interest,
Million USD
Property
20
1 200
Energy
15
450
CAR/EAR
20
800
Marine Hull
60
150
Aviation hull
50
150
FSU reinsurance leaders
Inward reinsurance GWP
‘000 RUR
2011
1
Ingosstrakh
3 301 962
2
Sogaz
2 712 672
3
Unity Re
1 281 649
4
Kapital insurance
1 229 881
5
Moscow Re
1 196 494
6
Allianz
958 706
7
VTB Insurance
914 943
8
Kapital Re
790 004
9
Soglasie
778 666
10
Transsib Re
739 997
International ratings
S&P
Ingosstrakh
Fitch
BBB-
S&P
Gefest
Fitch
B+
Transsib Re
Unity Re
BB
SCOR
Perestrakhovanie
A
Belarus Re
B-
Sogaz
BB+ / ruAA+
AMBest
B
B+
Russian
Insurance Center
B
B++
ACE Insurance
BBB- / AA+rus
Eurasia
Alfastrakhovanie
BB-
Lemma
VTB Insurance
BBB-
Belgosstrakh
Moscow Re
BB
Transneft
Lexgarant
B
Amanat
Insurance
Oil Insurance Co.
B+
Russian Re
BB
B++
B+
BBBBB
B+
Moody’s
Thank you!
125047, Russian Federation, Moscow
Gasheka street, 12
Tel.:
Fax:
+7 495 956 6589
+7 495 956 6598
E-mail: [email protected]
www.unityre.com