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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 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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  1. THE CURRENT STAGE OF REINSURANCE DEVELOPMENT WITHIN FORMER-USSR TERRITORIES Dmitry GARMASHDeputy CEOUnity Re Ltd. AIIF | 4-5 July | 2012 |Baku

  2. Non-life insurance market development Source: XPRIMM insurance report, 1/2012(6) * 3Q 2011 results

  3. Market players non-life

  4. Outward reinsurance non-life

  5. 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

  6. 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

  7. Domestic reinsurance capacity

  8. FSU reinsurance leaders

  9. International ratings

  10. Thank you! 125047, Russian Federation, MoscowGasheka street, 12 Tel.: +7 495 956 6589Fax: +7 495 956 6598 E-mail: re@unityre.ru www.unityre.com

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