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EASTERN REINSURANCE COMPANY

EASTERN REINSURANCE COMPANY. Russian reinsurance market Results of 2009. EASTERN REINSURANCE COMPANY. 2009 Incoming Reinsurance. Specialized Reinsurers volume decreasing 40% Universal Insurance companies volume decreasing 10%. 2008. RUR 53.592 bln . =. USD 1.786 bln. 2009.

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EASTERN REINSURANCE COMPANY

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  1. EASTERN REINSURANCE COMPANY

  2. Russian reinsurance marketResults of 2009 EASTERN REINSURANCE COMPANY

  3. 2009 Incoming Reinsurance Specialized Reinsurers volume decreasing 40% Universal Insurance companies volume decreasing 10% 2008 RUR 53.592 bln. = USD 1.786 bln. 2009 RUR 42.996 bln. = USD 1.433 bln.

  4. 2009 Incoming Reinsurance Written premium in 2008 - 89% of lost volumes in 2009 Lost volumes in 2009 Reinsurers decreasing premium in 2009 7% 2008 RUR 6.130 bln. = USD 204.0 mln. 2009 RUR 7.000 bln. = USD 235.0 mln.

  5. 2009 Incoming Reinsurance Universal Insurance companies 76% Specialized reinsurers 24% RUR 32.781 bln. = USD 1.093 bln. RUR 10.215 bln. = USD 340.5 mln.

  6. 2009 Incoming Reinsurance Russia 76% Non-resident 24% RUR 32.873 bln. = USD 1.960 bln. RUR 10.122 bln. = USD 337.4 mln.

  7. Specialized Reinsurers : 2009 Incoming Reinsurance 2008 RUR 6.128 bln. = USD 204.0 mln. 2009 RUR 3.432 bln. = USD 114.4 mln. Paid losses in 2008 Paid losses in 2009 decreased by 44% Specialized Reinsurers & Universal Insurers: 2008 RUR 16.821 bln. = USD 560.71 mln. 2009 RUR 14.803 bln. = USD 493.43 mln. Paid losses in 2008 Paid losses in 2009 decreased by 12%

  8. 2009 Incoming Reinsurance Universal Insurers: Paid losses in 2008 Paid losses in 2009 increased by 6.2% 2008 RUR 12.122 bln. = USD 404.06 mln. 2009 RUR 11.371 bln. = USD 379.0 mln.

  9. 2009 Incoming Reinsurance 2009 : volume of premium decreased by 3 p.p. up to 34.4% Loss ratio of Specialized Reinsurers decreased by 2 p.p. up to 33.6% Loss ratio of Universal Reinsurers increased by 5.3 p.p. up to 34.7%

  10. 2009 Outgoing Reinsurance 2009 RUR 97.363 bln. = USD 3.245 bln. 2009 RUR 977.53 bln. = USD 32.584 bln. Premium transmitted in reinsurance 420 Universal Insurance companies - 95% 24 Specialized Reinsurers - 5% Total written premium of Insurance RUR 92.652 bln. = USD 3.088 bln. RUR 4.711 bln. = USD 157.0 mln.

  11. 2009 Outgoing Reinsurance Premium transmitted abroad 56% Premium transmitted into Russia 44% RUR 54.499 bln. = USD 1.816 bln. RUR 42.915 bln. = USD 1.430 bln.

  12. 2009 Outgoing Reinsurance Motor: increasing from 32% to 37% Dangerous Enterprises Owners Liability: increasing from 54% to 59% Rest kinds: increasing by 1-2% Motor TPL: increasing from 19% to 27%

  13. 2009 Outgoing Reinsurance Compensation paid by Russian reinsurers RUR 23.343 bln. = USD 778.1 mln. 24% of transmitted premium Compensation paid by foreign reinsurers RUR 11.934 bln. = USD 397.8 mln. 22.9% of transmitted abroad premium

  14. 2009 Statistics Number of companies providing incoming reinsurance Including 24 specialized Reinsurers 2008 191 2009 176

  15. 2009 Statistics Total number of insurance companies Insurance companies providing outgoing reinsurance (66-67%) 2009 702 (693) 2009 464

  16. 2009 Statistics Current requirements: RUR 30.0 mln. = USD 1.0 mln. Expected: RUR 120.0 mln. = USD 4.0 mln. Conversion rates: Property insurance - 1 RUR 120.0 mln. = USD 4.0 mln. Life insurance - 2 RUR 280.0 mln. = USD 8.0mln. Reinsurance - 4 RUR 480.0 mln. = USD 16.0 mln. Less than RUR 120.0 mln. = USD 4.0 mln. - 55% Market share – 7% RUR 480.0 mln. = USD 16.0 mln. - 11% Market share – 78%

  17. Contacts Moscow Office: Building 1, 11/10 Letnikovskaya Str., Moscow, 115114, Russia Tel/fax: +7 (495) 926-78-81, 926-72-20 e-mail: vpk@vpkre.ru

  18. www.vpkre.ru EASTERN REINSURANCE COMPANY

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