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Presentation. Ukrainian Agricultural Insurance Pool UAIP date of foundation 12/05/2003. 1. Members of UAIP. IC ASKA – Leader of UAIP Members of Ukrainian Agro Insurance Pool - IC «ASKO- Donbass North» - IC «Stroypolicy» - IC «Investservice» - IC «Providna» - IC «Illichivs’ke»

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  1. Presentation Ukrainian Agricultural Insurance Pool UAIP date of foundation 12/05/2003 1

  2. Members of UAIP IC ASKA – Leader of UAIP Members of Ukrainian Agro Insurance Pool - IC «ASKO- Donbass North» - IC «Stroypolicy» - IC «Investservice» - IC «Providna» - IC «Illichivs’ke» - IC «Ukrainian Fire-insurance company» - IC «PROSTO- insurance» 2

  3. COOPERATION The Pool organized for proposition at the Ukrainian market of the quality agro insurance product according to the Law of Agro production market support and risks reinsurance among Pool members and at Western reinsurance market. According to Agreement the Pool members propose insurance products of the plants and Livestock insurance to Insured, developed using international underqriting Methodics and statistical information of the Ukrainian Statistical Committee The main goal of the Pool creating is providing of a high quality insurance and reinsurance for agro producers. Work basis: cooperation at the parity and partnership basis, interests support of each Pool member, a single underwriting policy, adjusted conditions of the risks seeding and a single Loss adjustment requirements For the goal achievement the Pool members conclude the contracts of Obligatory, Quota Share proportional reinsurance, contracts with independent loss adjustment procedure, exchange with the existents information, consulting and seminar activity.

  4. Products of the UAIP At the present moment UAIP developed and uses following agro insurance products - Complex insurance of agro crops in case of their total or partial destruction at winter period - Complex insurance of agro crops in case of their total destruction at winter period - Complex insurance of agro crops in case of their total destruction at winter period and due to spring frosts - Bank product (mortgage) - Hail and Fire insurance - MPCI - Index Yield - Livestock insurance 4

  5. Underwriting UAIP cooperate with independent company AgroRisk Ukraine LTD AgroRisk Ukraine - Accept requests- questionnaires on insurance (single form for all Pool members, approved by reinsurers), - Survey of agro producers fields, which conclude the insurance contracts with the Pool members - Risk monitoring (following over requests and weather conditions, recommendations on monolits selection, loss adjustment surveys) - Surveys destructed fields and made the Loss adjustment report - Adjust the insurance products with Reinsurers - Provide and adjust the Rates for insurance Agrorisk is the main Underwriter for Pool members 5

  6. POOL MEETING UAIP provides the meeting of the Pool members not less than 4 times per year. In case of necessity each Pool member can ask about the meeting. Questions of the meetings: - Cooperation questions (including contract arrangement, underwriting conditions) - The conditions of insurance programs (improvement, requirements concerning new products) due to experience of Pool members - Work of the Pool for the next Underwriting period - Reinsurance programs, including insurance rates and methodology of their calculation - Concurrent activity , general information about Agro insurance market - Questions concerning the membership - Principles of risks accepting on Facultative basis - Contractor cooperation with AgroRisk Ukraine LTD - Sales strategy and work coordination with agro producers

  7. CERTIFICATE

  8. RETENTION The members of Ukrainian Agricultural Insurance Pool -residents retained 22,5% of liability on each Risk. 77,5% seeded to Reinsurers according to Obligatory Contract (Quota Share)

  9. WESTERN REINSURANCE The share of Reinsurers made 77,5% of liability on each risk insured, and distributed as follows SWISS RE 45% (Leader Reinsurer) HANNOVER RE 27,5% POLISH RE 5%

  10. The Limits of Liability The Limits of Liability on agregate insurance for Pool members made No limit on Farm USD 10 000 000 by Oblast USD 5 000 000 by Rayon No limit on Ukraine Limits are flexible and there is a possibility of their increasing after adjustment with Leading Reinsurer

  11. Finance cooperation The cooperation of the members of UAIP, residents and reinsurers regulated with the terms and conditions of the Treaty. Documents: -Information Bordereaux - Premium Bordereaux -Claim Bordereaux

  12. Compensation payment IC ASKA, as a Pool leader provides the compensation payments in terms and conditions, stipulated with the Treaty after Receiving of compensations from Reinsurers, Except for net – liability of IC ASKA, which is payed out during 5 days at confirmation of event as Insurance event.

  13. INSURANCE PREMIUMS Thousand UAH The Total Insurance Premiums for 2005, 2006, 2007, 2008, collected by UAIP: - 2005-06 – UAH 3 479 887,50 - 2006-07 - UAH 2 318 223,99 - 2007-08 - UAH 7 972 321,11, Number of Contracts - 508 2005-06 2006-07 2007 2005-06 2006-07 2007-08

  14. Insurance premiums by Oblasts 2005-2006, the Structure of collected by UAIP Brutto premiums by oblasts UAH 3 479 887,50. Ternopil’s’ka, 8,77% Kharkivs’ka, 10,22% Sums’ka, 8% Mykolaivska, 4,62% L’vivs’ka 3,9% Khersons’ka, 3,62% Lugans’ka, 10,49% Poltavs’ka, 3,19% Khmel’nyts’ka 3,16% Chernivets’ka, 2,77% Kyivs’ka, 1,36% Donets’ka, 38,74%

  15. Insurance premiums by Oblasts Ternopil’s’ka, 9,66% Mykolaivs’ka, 8,2% Zaporiz’ka, 12,68% Khersons’ka, 7,79% Odess’ka, 6,37% Sums’ka, 16,01% Zakarpats’ka, 3,02% Lugans’ka, 1,45% Dnipropetrovs’ka, 1,3% Donets’ka , 29,5%

  16. Odess’ka, 10,33% Lugans’ka, 6,36% Crimea, 6,02% Ivano-Frankivs’ka, 4,11% Kharkivs’ka, 10,98% Cherkass’ka, 3,44% Vinnits’ka, 3,33% Sums’ka, 11,67% L’vivs’ka, 2,53% Donets’ka , 16,3% Ternopil’s’ka, 11,71%

  17. Acreage insured Тысяч га Тысяч га According to results of 2005, 2006, 2007, 2008 the insured acreage and livestock, insured by UAIP made : - period 2005-06 - 34 608,20 ha - period 2006-07 - 58 156,02 ha - period 2007-08: 246 115,88 ha 218 heads 2005-06 2006-07 2007 2005-06 2006-07 2007-08

  18. Indemnities According to results of 2005,2006,2007,2008 the indemnities of UAIP made: Premiums 2005-2006 – UAH 3 479 887,50 2006-2007 - UAH 2 318 223,99 Losses - UAH 3 273 930,00 UAH 1 020 719,47 Loss Ratio 94,08% 44,03% Premiums 2007-2008 – UAH 7 972 321,11 Payed claims - UAH 439 453,88 Loss Ratio 5,5% Previous data(final sums on summer risks premiums are not available )

  19. Risks Accepting IC ASKA and all the Pool members are ready to Cooperation and accepting risks On Facultative reinsurance, follow the policy of UAIP proposing quality and reliable reinsurance among Pool members (not more than 22,5%), professional consults and underwriting.

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