presentation to london market€¦ · · 2012-11-302 • appeared –early 1990’s • number of...

027th

September 2012

Presentation to London Market

1

Russian insurance market overview

2

•

Appeared – early 1990’s

•

Number of Insurers – 572 (2010 –

600)

•

Overall

premium

income

in

2011

(excluding

CMI)

exceeds

665

bln

RUR

(22 bln. USD)

•

19th position in the world by premium income (2011)

•

Global insurance market share ‐

~ 1% (Swiss Re sigma study 2011)

•

CAGR (10 years) ‐

~15%

•

~ 200 000 people in the industry (full time)

•

Premiums

per

capita

=

4600

Rubles

in

2011

(equals

to

~

155

USD),

Increased by 1,9 since 2005

•

Claims paid (excluding CMI) –

303,8 bln. Rbls

•

Claims paid ratio –

45,7%

Overall Russian insurance market 2011

* Average Exchange rate: 30 RUR = 1 USD

3

Premiums in GNP (%)Including compulsory medical insurance

* Source: Swiss Re sigma study on world insurance in 2011 (www.swissre.com/media/news_releases/)

World insurance penetration 2011

4

Class of InsurancePremiums, RUR bln.

+/‐

2011/2010, %Claims, RUR bln.

+/‐

2011/2010

1. Voluntary insurances, Total 553 20,3 241 3,3Including:

Life insurance 35 53,1 8 ‐4,1Health, personal accident etc. (other than life) 146 18,8 71 3,8

Property insurance 345 20,1 148 ‐1,5

Liability 27 2,2 4 27,42. Compulsory, Total 713 22,1 648 20,6

IncludingPersonal accident for certain categories of citizens 7 9,8 6 ‐2,8

Compulsory Motor TPL 103 12,7 56 1,2Compulsory Health insurance 602 24,5 585 23,2

TOTAL 1 265 21,6 888 15,6

Structure of the Russian insurance market 2011

The amounts shown include CMI, further analytics is shown without

compulsory medical insurance

Insurance market dynamics (excluding CMI), thousand RUR

5

Russian insurance market Dynamics


2011

6

Russian insurance market consolidation

Top‐5 Top‐20 Top‐100

35,8% 2008

40,5% 2011

70,4% 2011

65,3% 2008~93%

2011~82%

2008

The market share in 2011

7

Insurance Premium, 2011 Claims Paid, 2011

[Top‐10 largest insurance groups]Russian insurance market

№ InsurerPremium

(bln. Rbls) and

market share

1 Rosgosstrakh 92,9 (14,0%)

2 Sogaz 58,6 (8,8%)

3 Ingosstrakh 54,0 (8,1%)

4 RESO (an AXA company) 45,1 (6,8%)

5 AlfaInsurance 32,5 (4,9%)

6ROSNO

(an Allianz AG Company)32, 2 (4,8%)

7 VSK 29,7 (4,5%)

8 Soglasie 25,9 (3,9%)

9 MSK 19,9 (3,0%)

10 Renaissance 15,4 (2,3%)

№ InsurerClaims paid (bln. Rbls)

and share

1 Rosgosstrakh 43,0 (14,1%)

2 Sogaz 28,9 (9,5%)

3 Ingosstrakh 27,3 (9,0%)

4 RESO (an AXA company) 23,0 (7,6%)

5 AlfaInsurance 18,3 (6,0%)

6ROSNO

(an Allianz AG Company)17,2 (5,7%)

7 VSK 13,3 (4,4%)

8 Soglasie 12,8 (4,2%)

9 MSK 11,3 (3,7%)

10 Renaissance 8,6 (2,8%)


8

Corporate insurance market 2011 In USD

Split of premiums, bln

RUR

Market 2011Market forecast

2012

Market forecast

2013

Growth 2012 vs

2011

Growth 2013 vs

2012

All corporate business 5,7 6,4 6,9 112% 107%Property

(incl

agriculture)3,8 4,2 4,5 111% 107%

Liability 0,5 0,8 0,8 153% 100%Cargo 0,7 0,8 0,9 108% 115%

Aviation 0,4 0,4 0,4 92% 102%Marine 0,2 0,2 0,2 104% 113%

Transport operators 0,1 0,1 0,1 108% 108%

9

Developments in 2012

•Law on Compulsory liability insurance of hazardous industrial objects (commercial entities) ‐

in force from 1st January 2012

Developments in 2013

•Law on Compulsory liability of hazardous industrial objects (state entities)

•Law on Compulsory liability insurance of passenger carriers (will come into force from 1st January 2013)

Russian Corporate insurance market

10

Hazardous liabilities•

New law into force

from

January 1st, 2012

•

The market size – up to 22 bln. Rubles (2011 – 2,5 bln. Rubles)

•

All policies are subject to internal placement with the Pool

•

The Pool capacity app. 2,4 bln. Rubles (May 2012)

•

Appr.

90

of

hazardous

objects

(main

dams

of

biggest

HPP)

have

to

be insured with 6,5 bln. Rubles sum insured

•

Tariff 0,1 %

•

Main target of the law –

compensation for people injured or killed in accident (employees) – 2 mln. Rubles per person


11

Passenger carriers’

liability•

Will come into force January 1st, 2013

•

The forecasted market size is up to 2,6 bln

rubles•

All kinds of transport

•

Sum insured – 2 mln. rubles each passenger

•

No aggregate sum insured

•

Problem –

combination of coverages

•

Domestic reinsurance within the Pool

•

Need

for

cat

losses

reinsurance

or

QS

reinsurance

for

risks with limits exceeding Pool capacity


12

Ingosstrakh in a nutshell

13

Ingosstrakh

is

one

of

the

largest

and

longest

standing

universal insurers in Russia:

•November

16,

1947

Ingosstrakh

Insurance

Company’s

birthday.

On

this

day,

the

Council

of

Ministers

of

the

USSR

signed

Regulation

#3819‐1281с

on

Founding

of

the

Foreign

Insurance

Office

of

the

USSR

(Ingosstrakh

Insurance

Company) on the basis of the Foreign

Operations

Office

(UINO)

of

Gosstrakh of

the USSR”.

•1991

Ingosstrakh

Insurance

Company

was

registered

as

a

closed

joint‐stock

insurance company.

•1993

Ingosstrakh

Insurance

Company

was

reorganized

into

an

open

joint‐

stock insurance company.

Extensive nationwide network with 83 branches covering 234

cities in Russia with number of employees (6 361), HQ – 3 006,

Branches 3 355.

Performance

Results.

The

volume

of

gross

written

premiums

collected

by

Ingosstrakh

Insurance

Company

in

2011

reached

56.1 bln rubles, 25.7% higher than in 2010. The Company’s net

profit of

2011

decreased

by

11.2%,

as

compared

to

2010,

and

totaled

2.3

bln

rubles.

Due

to

a

positive

financial

result,

the

Company’s

equity

grew

by

20.9%

in

2011,

reaching

19.4

bln

rubles.

Part

of

Basic

Element

group

and

PPF

real

estate

holding

(Russia’s largest investment holding companies).

Central office in Moscow: 41 Lesnaya street

This is Ingosstrakh

Central office in Moscow: 41 Lesnaya street

141 4 14

branches

Extensive nationwide network of Ingosstrakh

83234 Cities and town of Russian Federation

Moscow region

The services of Ingosstrakh are available throughout the Russian

Federation.

Ingosstrakh has83 branches and offers its services in 234 locations of Russia

15

THE INGO GROUP: GLOBAL REACHINGO

International

Insurance

Group

was

founded

in

2004.

Its

strategic

mission

is

to

create

a

deeply

integrated insurance community to increase cooperation in insurance and reinsurance operations. This

provides

for

a

strong

financial

support

of

every

Group

client.

Today

there

are

9

companies

in

INGO

Group (Russia)

that operate in the domestic Market, 8 of

which

are

members

of

the

THE INGO GROUP

(Russia).

Ingosstrakh

ONDD

Credit

Insurance

‐

is

an

affiliated

company

that

is

not

part

of

the

INGO

Group

The INGO Group operates in:

Our Objectives

•

Increase

of

Ingosstrakh

and

INGO

Group

overall

capitalization,

as

well

as

in

companies

they

incorporate through increasing their international presence

•

Strengthen the corporate governance system

•

Create a favorable environment to benefit from the synergy effects through out the

Group

Russia

Ukraine

Austria

Republic of Armenia

Republic of Belarus

Kyrgyz Republic

Republic of Uzbekistan

16

INGOSSTRAKH: FINANCIAL STRENGTH RATING

•

The

Russian

rating

agency

«Expert

RA»

reaffirmed

Ingosstrakh’s

highest

financial

stability

rating

at

A++

•

For

the

first

time

the

insurer

received

such

rating

in

2002

– credit

rating

as

contractor

and

the

financial

strength

rating

is

at

the

level

BBB‐, Stable

outlook

– national

scale

rating

is

ruAA+

•

the

International

rating

agency

Standard

& Poor’s:

Reputation

of Ingosstrakh is

confirmed

by

*Reliability

rating

is

an

assessment

of

insurance

companies’

possibilities

to

fully

meet

their

financial

obligations.

Expert

RA

makes

an

assessment through an in‐depth study of the company in accordance with its own methodology. Expert RA techniques have been favored

by various specialized companies, including PriceWaterhouseCoopers, and are officially recognized by the Russian All‐Insurers Union. The

Russian Ministry of Finance uses these ratings when regulating financial markets.

http://www.raexpert.ru/

http://img.lenta.ru/economy/2005/01/31/sp/picture.jpg

17

Ingosstrakh corporate market

18

Ingosstrakh & Corporate insurance market 2011

Split of premiums, bln

RUR Ingosstrakh Market ShareAll corporate business 16 497 170 827 9,66%

Property (incl

agriculture) 6 726 114 280 6%Liability 1 121 14 875 8%Cargo 807 22 035 4%Aviation 5 641 12 097 47%Marine 1 680 5 330 32%

Transport operators 522 2 210 24%

Share of Ingosstrakh on the Russian corporate market. 2011


1

Property insurance Experience

• First policies –

30 years ago

• Dedicated team (4 persons) –

23 years

•

Now 55 staff members in 4 underwriting/sales divisions at Head office:

Industrial property

Non-Industrial Property

International Programs

Banks/Leasing Companies/Pledged Property

• 8 regional centers and 82 branches throughout Russia

• more than 22,000 policies annually

• 17 staff

members in claims handling department

2

Property insurance Portfolio Development

4 647

2 430

5 594

871

4 405

957

3 993

705

4 671

2 376

-

1 000

2 000

3 000

4 000

5 000

6 000

Mio RUR

2007 2008 2009 2010 2011

Written PremiumClaims Paid

3

Property insurance Portfolio Structure

Industrial; 67,8%

Non-Industrial; 29,9%

Energy; 2,3% Reinsurance; 22%

Direct Insurance; 78%

Type of Property

Split by premium Split by premium

Direct / Reinsurance

4

Property insurance Key clients

UC RUSAL -

the world’s largest aluminium

producer, operating in 19 countries on 5 continents.

GAZ Group -

is Russia's largest automotive engineering holding. 20 plants manufacturing commercial vehicles, trucks, buses, passenger cars, construction equipment

Irkutskenergo -

one of the largest power generation companies in Russia, installed capacity 12.9 thousand MW, 3 hydro power plants, 9 thermal power plants, electricity transmission networks

Russian Post Service -

86 branches, 42 000 post offices throughout the country

Marriott -

hotels in St.Petersburg, Samara etc.

Moscow Metro –

12 lines, 186 stations, 308,7 km of railways, 7 million passengers daily

http://mos-supermens.at.ua/_nw/0/11987372.jpg

5

Property insurance Large Losses

Resulting in lack of raw materials at RUSAL Sayanogorsk

aluminium

smelter due to interruption in delivery by railroad.

Consequential Loss of Profit due to shutdown of the 4th

pot line (179 pots) and Increased Cost of Working due to transportation of alumina and finished goods by trucks.

Current reserve -

USD 40.7 million

Collapse of the railroad bridge across Abakan river, Khakassiya, on 7th May, 2011.

6

Property insurance Large Losses

Collapse of SSI Schäfer

shelf system at Itella

Logistics (OOO “NLK”) warehouse of total area 41,000 sq. m.

Good of various Motor oils (90% of all goods, construction materials, office electronics, spare parts for mining machinery etc. were damaged due to the accident.

Current reserve –

approx. RUR 1 billion

Collapse of shelves at the warehouse in Shushary

village, St. Petersburg, on 15th July, 2012.

7

Engineering insurance Experience

• First projects insured in the late sixties

• More than 40 years in engineering insurance

• IMIA member since 1968

•

Engineering insurance team of 7 underwriters and 3 loss adjusters

•

In-house Risk Engineering Centre with experienced fire prevention and safety engineers

• More than 1,500 policies per year

• Estimated Premium Income (2012) –

900 million RUR

8

Engineering insurance Portfolio Development

539414

535 606

1 008

354

570

250

716

300

-

200

400

600

800

1 000

1 200

2007 2008 2009 2010 2011

Written Premium Claims Paid

Million RUR

9

Engineering insurance Portfolio Structure

CAR/EAR; 82,12%

CPM/ME; 17,88%

CAR/EAR CPM/ME

Reinsurance; 6,95%

Direct Insurance;

93,05%

Direct Insurance Reinsurance

10

Engineering insurance Key Clients/ Projects

Various works at Hydro Power Plants throughout

Russia

Construction

projects

in

transport infrastructure.

Olympic Village in Sochi, offices and residential buildings projects

in

Moscow

Roads, office buildings, other projects in Moscow

11

Engineering insurance Key Clients/ Projects

New football stadium in Sankt-Petersburg (Zenit-

Arena) Boguchanskaya

dam and power plant

Projects for Olympics 2014 in Sochi

12

Engineering insurance Loss Examples

Storm damage to a seaport under construction in Sochi.

Severe damage caused to by waves of more than 10 m high

Claim settled at RUR 351.3 million for Ingosstrakh share

13

Engineering insurance Loss Examples

Probably the largest EAR claim at Russian market -

220KV/110KV 250MVA autotransformer short-circuit and ensuing fire at 500 кV

substation in Moscow during commissioning.

Claim was settled at 2.25 billion RUR, Ingosstrakh share –

166.3 million

RUR

14

Terrorism Risk InsuranceRegions: No of attacks:

1. Northern region -

2. North-western region 2

3. Central region 3

4. Volga-Vyatka region -

5. Central-chernozyom region -

6. Volga region -

7. North-Caucasus region 25

8. Urals region -

9. West-Siberian region -

10. East-Siberian region -

11. Far East region -

The North-Caucasus region is the most prone to terrorist attacks.(Chechnya, Dagestan, Ingushetia,and Kabardino-Balkaria).

Number of terrorist acts for the last 2 years

15

Terrorism Risk Insurance Portfolio

300 policies per year with terrorism and sabotage risk covered

81.5 million RUR annual premium

Regional spread by number of risks

16

Terrorism Risk Insurance Portfolio Structure

17


18


19

Liability insurance• Most rapidly growing line of business

• Liability Insurance Division comprises 3 departments:

Financial and Professional Risks Insurance Department (Professional liability of auditors, architects, construction contractors, depositories etc.)

Hazardous Objects Insurance Department (Liabilities of owners of pressure vessels, elevators, dams, nuclear power plants etc.)

Public Liability Insurance Department (General third Party Liability, Clinical Trials)

•

Major clients/segments and their share

in liability insurance

portfolio

“Big Four”

auditors (KPMG, E&Y, D&T) –

21%

Clinical Trials –

12%

Liability of members of self-regulated organizations of contractors, designers and engineers (SRO) –

11%

Russian Nuclear Insurance Pool –

7%

20

Liability insurance Portfolio Development

0

200

400

600

800

1 000

1 200Mio RUR

2 007 2 008 2 009 2 010 2 011

FPRIDHEIDPLID

• Financial and Professional Risks Insurance Department (FPRID)• Hazardous Objects Insurance Department (HOID)• Public Liability Insurance Department (PLID)

21

Liability insurance Portfolio Structure

• Financial and Professional Risks Insurance Department (FPRID)• Hazardous Objects Insurance Department (HOID)• Public Liability Insurance Department (PLID)

22

Liability insurance Loss Examples

• Bankruptcy of travel operators:

Lanta

Tour –

100 million RUR

Luzhniki

Travel and Cherry Tour -

45 million RUR

• Irkol

45 million RUR

damage caused in result of malicious actions of third

parties connected with operations of attorney’s forgery and unlawful shares’

write-off

• Liability of a warehouse operators -

30 million RUR

fire

at the warehouse

complex and damage to the

goods under care and custody

23

Portfolio DevelopmentAviation and Space insurance

2 395

486

1 698

627

2 186

842

2 493

349

5 641

1 157

-

1 000

2 000

3 000

4 000

5 000

6 000

2007 2008 2009 2010 2011

Premiums

Claims

24

Portfolio StructureAviation and Space insurance

0

1 000

2 000

3 000

4 000

5 000

6 000

2007 2008 2009 2010 2011

Aviation Space Airport and Manufacturers Liability

25

2011

58,30%12,30%

4,80%

24,60%

Portfolio StructureAviation and Space insurance

2010

17,60%

17,40%

8,00%57,00%

Space

Airport andManufacturers LiabilityDomestic Airlines

International Airlines

26

Space and Aviation insurance Key Clients

http://tasstelecom.ru/attach/5740/w248

http://jizo.ru/website/var/tmp/thumb_82__catalogImg.jpeg

http://www.abc-gid.ru/uploads/pblc/1918.jpg

http://www.tsenki.com/upload/iblock/0f8/0f89cdc3315d8cdd3499b37f9d9dfb3f.jpg

27

Loss Examples

• 205 claims submitted in 2011, 202 claims settled.

• RUR 800 million –

OAO Voronezh Aircraft Company.

Total loss of the An-148-100Е

aircraft during a training flight.


total constructive loss of the Fairchild Metro

23

aircraft resulting from its landing in Bolivia with landing gear

not

down.


Antonov

State Enterprise.

Damage of the aircraft engine resulting from bird ingestion.

• RUR 7.5 billion -

loss of “Express-AM4”

satellite.

The biggest loss in Russian insurance history. The loss was successfully settled in January 2012.

Aviation and Space insurance

28

Experience

• Ingosstrakh has been insuring vessels since 1947 and provides P&I cover since 1972

• Ingosstrakh is ranked 1st

in Russian marine market with 29%

share.

• Company has a wide network of correspondents who are always ready to assist our clients almost in all ports of the world.

• Hull Machinery and P&I Underwriting team of 26 persons. They are

supported by claims handling team consisting of 19 members.

• Our team includes maritime lawyers, individuals with commercial experience gained from working in shipping companies and have knowledge of maritime law and marine insurance practice.

• The average age of experience in marine business is more than 20

years.

Marine Hull and P&I Insurance

29

Portfolio StructureMarine Hull and P&I Insurance

Ocean vessels; 44,60%

River vessels & yachts; 15,40%

P&I; 40%

30

Major Clients

• Fedcomshipping

Co.

• Kaalbye

Shipping Co.

• Ost-West Handel

• Volga Shipping Co.

• Myanma

Five Star Lines

• Primorsk

Shipping Yard “Yantar”

• Great Luck Enterprise (HK) Limited

• North Western Shipping Co.

Marine Hull and P&I Insurance• AKROS

• Nornickel

• ARK Shipping

• Rosnefteflot

• Alendal

• Ocean Agencies

• Kent Shipping

• Pacific Andes

31

Loss Examples

• Customers submitted 1,408 claims, with 1,357 claims settled. Claim payments totaled RUR 922 million.


damage to the engine of the Atlantic Leader

motor ship


collision of the Arkaim-6 motor ship with a

Chinese fishing boat.


an interim payment in connection with the

missing steering tube of the Siziman

tug boat.

• RUR 96 million -

collision of the “Agios

Vartholomeos”

vessel on

the port crane and port mooring. The incident took place in the course of mooring operations in the port of Dammam, Saudi Arabia.

Marine Hull and P&I Insurance

32

Cargo insurance Experience

Almost 65-year experience from the Company foundation in1947

High range of special cargo insurance programs availability (such as oil and oil products, sugar, household and electronic equipment,

vehicles etc.)

Availability of highly qualified service rendering all over the world (investigation of a loss, arranging for survey etc.)

Permanent leading position in Russian cargo insurance market

Business structure consisting of four departments specializing on:• Fine arts and specie• Commodity and raw materials•

Consumer goods

• General cargo

33

Cargo insurance Portfolio Development

882

252

708

234

804

192

795

249

0

100

200

300

400

500

600

700

800

900

2008 2009 2010 2011

PI (mio RUR)Claims Paid (mio RUR)

34

Cargo insurance Portfolio Structure

Consumer goods25%

General cargo30%

Fine arts and specie23%

Commodity and raw materials

22%

General cargoConsumer goodsFine arts and specieCommodity and raw materials

35

Cargo insurance Key Clients

36

Cargo insurance Loss Examples

• 1998 -

Total loss of two SU-27 jets as the result of Irkutsk air

crash. 56.2 mio. USD

• 2009 -

Robbery during transportation of tobacco products

1.08 mio. USD

• 2010 -

Total loss of the cargo (coal) in a ship-wreck.

0.83 mio. USD

• 2011 -

Damage to railway cranes during shipment.

1.27 mio. USD

• 2012 -

Total loss of the cargo (metals) in a ship-wreck.

9.2 mio. USD

Reinsurance Department


Approaching Renewals… Reinsurance Department


Outward Reinsurance Division

Inward Reinsurance Centre

Inward Treaty Reinsurance Division

Approaching Renewals… Reinsurance Department


Aviation & Space Outward Reinsurance

Unit Marine Outward Reinsurance Unit

Non-Marine Outward Reinsurance

Unit

Approaching Renewals…

NONNONNON---MARINE MARINE MARINE REINSURANCE PROGRAMSREINSURANCE PROGRAMSREINSURANCE PROGRAMS


Inward Treaty Reinsurance Division

International Inward Unit

Inward Retail Reinsurance Unit

Inward CIS and Baltic States Unit


PROPERTY REINSURANCE TREATYStructure: XL reinsurance

Total Treaty capacity: EUR 150,000,000 or USD 225,000,000 or RUR 6,750,000,000

Priority (self retention): EUR 5,000,000 or USD 7,500,000 or RUR 225,000,000

EPI 2012: USD 37,000,000

Scope of cover: All property business including the

following:

-

All Risks Policies, -

Machinery Breakdown and Business Interruption,

-

Loss of Profits and Consequential Loss, -

Policies issued on TSI, PML, 1st loss, Loss Limit

basis




ENGINEERING REINSURANCE TREATY:Structure: XL reinsurance

Total Treaty capacity: EUR 100,000,000Sub-Limit

for CAR/EAR TPL

risks = EUR 5,000,000

Priority (retention): EUR 2,000,000

EPI 2012: EUR 7,500,000

Scope of cover: All business accepted in the following classes of insurance:Machinery (M) incl. Boiler Pressure Vessel (BPV), Electronic Equipment (EE), Deterioration of Stock in Cold Storage Insurance (DOS), Erection All Risks (EAR), Contractors’

All Risks

(СAR), Contractors’

Plant and Machinery (CPM), Advance Loss of Profits (ALOP) –

with EUR 20,000,000 sub-limit, Civil Engineering Completed Risks (CECR) –

with EUR

20,000,000 sub-limitNONNONNON---MARINE MARINE MARINE

REINSURANCE PROGRAMSREINSURANCE PROGRAMSREINSURANCE PROGRAMS



Sabotage and Terrorism treaty:Structure: XL reinsurance

Total Treaty capacity: EUR 77,250,000 or USD 103,000,000 or RUR 3,090,000,000

Priority (retention): EUR 2,250,000 or USD 3,000,000 or RUR 90,000,000

EPI 2012/2013: EUR 1,200,000

Scope of cover: Terrorism, Sabotage, SRCC (as special acceptance) for property and construction/erection accounts.




MOTOR REINSURANCE TREATYStructure: Cat XL reinsurance

Total Treaty capacity: USD 25,000,000

Priority (self retention): USD 2,400,000

EPI 2012: USD 819 933 333

Scope of cover: All Motor Own Damage

risks written directly

or indirectly



LIABILITY REINSURANCE TREATY:

Structure: XL reinsuranceTotal Treaty capacity: EUR 16,000,000 or USD 20,000,000 or RUR 600,000,000Priority (retention): EUR 800,000 or USD 1,000,000 or RUR 30,000,000EPI 2012/2013: USD 9,600,000

Scope of cover: General Third Party Liability including public and products liability/completed operations, employers’

liability, hydro-technical

constructions owner’s liability and workmen's’

compensation, constructors’

general third party liability under SRO;

Professional Indemnity for Asset Managers, Auditors, Lawyers, Valuers, Surveyors, Notaries, Doctors, Real Estate Agents, Stock Market Professional Operators, Prospectors, Architects, Insurance brokers, Project managers, Liquidators.NONNONNON---MARINE MARINE MARINE

REINSURANCE PROGRAMSREINSURANCE PROGRAMSREINSURANCE PROGRAMS



PERSONAL ACCIDENT REINSURANCE PROGRAM:1.1. Non-Proportional Treaty II:

Structure Cat XL reinsurance

Total Treaty capacity: USD 8,000,000

Priority: USD 3,000,000

EPI 2012/2013: USD 9,900,000

Scope of cover: (including illnesses, excluding group policies to cover a simultaneous common hazard)




AGRICULTURAL REINSURANCE PROGRAM1.1. NON-Proportional Treaty:

Structure Stop Loss Agreement

Total Treaty capacity: 500% Loss ratio

Priority: 300% Loss ratio, but not less than RUR 450,000,000

EPI 2012:

RUR 200,000,000

Scope of cover: Crops business only


Reinsurance Division


LIVESTOCK REINSURANCE PROGRAM1.1. NON-Proportional Treaty:

Structure Stop Loss Agreement

Total Treaty capacity: 600% Loss ratio

Priority: 300% Loss ratio, but not less than RUR 204,000,000

EPI 2012 (8 months): RUR 85,000,000

Scope of cover: Livestock


Reinsurance Division

(Structure )

Aviation & Space Outgoing Reinsurance Unit

Airline Reinsurance Aviation Reinsurance Space Risk Reinsurance

Facultative Protection for:Airline Hull, Spares & Liability

Aviation Hull & Spares DeductibleAirline Hull War

Aviation War Liability

Aviation Hull QS TreatyAviation Hull War QS Treaty

Aviation Liability XL TreatyAviation Excess War Liability Reinsurance

Aviation Excess Liability Reinsurance

Facultative Protection for:Satellite In-orbit Operations

Satellite LaunchingTPLL

Space Hull & Loss of RevenueTreaty

-

was established in 2006-

comprehensive protection for all aviation business underwritten by the Company

Aviation and Space Outward Reinsurance Unit


( Treaties

)Type Basis Limits EPI Leader

Aviation Hull QS LORA 10 000 00017 800 000

Swiss ReAviation Hull RX LORA 30 000 000 Hannover ReAviation Hull War QS LORA 60 000 000 1 500 000 MKL 3000Aviation Liability XL LOD 75 000 000 4 950 000 Swiss Re

Aviation Excess Liability Reinsurance LORA 950 000 000 2 500 000 Aspen

Aviation Excess War Liability Reinsurance LORA 900 000 000 1 400 000 Aspen

Space Hull & Loss of Revenue Treaty LORA 15 000 000


Aviation and Space Outgoing Reinsurance Department

Reporter: USD 222,500,000 xs USD 2,500,000Unlimited Free ReinstatementsLeader is Cathedral 2010, Lloyds syndicateNPI 2009 – USD 18.690.000NPI 2010 – USD 19.115.000EPI 2011 – USD 19.800.000EPI 2012 – USD 20.300.000Brokers:Flag broker Robert Flemings, LondonWillis Limited, London

Marine Cargo Reinsurance Treaty

Marine Cargo XOL Programme

2012


The Programme covers all business allocated to Marine Cargo Account in respect of direct or facultative reinsurance acceptances and including all obligatory treaties existing between members of the INGO Group, includingSpecie or Fine Art Business against all risks of physical loss or damage including mysterious disappearance whilst in the custody or control of the Assured, infidelity and pavement risks, including uncut diamonds either in transit or storage.

Exhibition risks included for the period of transportation as well as for the period of display.

Strikes, riots, civil commotions and malicious damage for cargo on land subject to current institute war, strikes, riots and civil commotions clauses or equivalent.

Marine Hull Reinsurance Treaty

Marine HullMarine HullMarine Hull XOLXOLXOL ProgrammeProgrammeProgramme201220122012

1st Layer USD 4,500,000 excess USD 2,500,0002 Full Reinstatements @ 100%

2nd Layer USD 8,000,000 excess USD 7,000,0002 Full Reinstatements @ 100%

3rd Layer USD 15,000,000 excess USD 15,000,0002 Full Reinstatements @ 100%

4th Layer USD 20,000,000 excess USD 30,000,0001 Full Reinstatement @ 100%

NPI 2009

-

USD 15.430.000NPI 2010 -

USD 15.710.000ENPI 2011 -

USD 17.430.000ENPI 2012 -

USD 17.430.000Leader of the Programme

is Munich Re, Germany


There are no structural changes in Ingosstrakh P&I XOL Reinsurance Programme, which consists of the Main Programme USD 22m x USD 3m and the Reporter USD 475m x USD 25m.

P&I Reinsurance Treaty

Layers LimitSection 4 – USD 475 million x 25 million

Section 3 - USD 275 million x 25 million

Section 2 – USD 75 million x 25 million

Section 1 – USD 25 million x 25 million

3rd layer – USD 15 million x 10 million

2nd layer – USD 5 million x 5 million

1st layer – USD 2 million x 3 million

Ingosstrakh retention - USD 3 million


Structure:USD 9 500 000 xs USD 2 500 000

NPI 2010 – USD 1 920 000EPI 2011 – USD 2 110 000EPI 2012 – USD 2 300 000

Marine Rolling Stock Hull Programme


presentation to london market€¦ · · 2012-11-302 • appeared –early 1990’s • number of...

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