Company mpany Profile ofile MOSCOW | 2018 Mission Prote tect - - PowerPoint PPT Presentation

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Company mpany Profile ofile MOSCOW | 2018 Mission Prote tect - - PowerPoint PPT Presentation

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Company mpany Profile ofile MOSCOW | 2018 Mission Prote tect insur urab able e inter eres ests ts of the Russian National Reinsurance Company (RNRC) was established in 2016 by the Russian sian Feder erati tion, n, business iness

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SLIDE 1

Company mpany Profile

  • file

MOSCOW | 2018

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SLIDE 2

Mission

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Prote tect insur urab able e inter eres ests ts of the Russian sian Feder erati tion, n, business iness and citi tize zens.

  • ns. Ensur

sure e financ ncial al sustai ainab abili ility ty and effecti tive ve developm lopment ent of the insur uranc ance e market et in the Russian sian Feder erati tion

  • n

and its integ egrati tion

  • n into
  • the global

al insur suranc nce e space ce

Russian National Reinsurance Company (RNRC) was established in 2016 by the Central Bank of the Russian Federation pursuant to the Federal Law* related to the establishment of a national reinsurer to support the Russian business affected by international sanctions and the 10% compulsory cession imposed on Russian insurance companies. Thus, the Company’s mission is to…

*Federal Law No. 363 "On Amendments to the Federal Law "On the Organization of Insurance Business in the Russian Federation" dated July 3, 2016

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SLIDE 3

Growth Strategy

3

7 703 703 12 12 178 178 16 063 19 931 24 694

2017 2018 2019 2020 2021 20% 48% 8% 6% 5% 4% 3%

Intern International l bu busi sine ness ss Property Liability Financial risks Cargoes Aviation Personal Other

Target t portfolio

  • lio growth

th dynami amics cs (million lion rubles) Target t portfolio

  • lio st

struct ctur ure in 2021 1 (%)

Actual Actual

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SLIDE 4

International Market Growth Strategy

4

Grow

  • wth

th in premiums ums at attracted ed from m the interna ternati tiona

  • nal market

t (million lion rubles es) )

+

+115%

CIS East stern ern Europ

  • pe

MENA Asia South th Africa

577 1 250 2 500 5 000 2018 2019 2020 2021

RNRC C is a member ber of the Federation ion of Afro-Asia sian n Insur surer ers s and Reinsur nsurer ers s (FAIR) R) and is author

  • riz

ized ed to to act as a foreign eign reinsu nsurer er in China, na, South th Korea, , Egypt pt and India ia

Target t markets ts

Actual

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SLIDE 5

Corporate Management*

5

Supervisory Board Reinsurance Board President and Management Board

  • O.B. Krymova
  • N.V. Karpova
  • A.A. Scheglov
  • A.A. Vereschaka
  • S.A. Shvets

vetsov

  • M.V. Bratanov
  • N.V. Galushin
  • A.F

. Golikov

  • V.P. Goreglyad
  • S.M. Ignatiev
  • I.N. Zhuk
  • V.V. Kulik
  • E.I. Kuritsyna
  • I.Yu. Yurgens
  • E.L. Platonovа
  • O.S. Ovsyanitsky
  • V.Yu. Skvortsov
  • A.A. Ustinov
  • M.Yu. Volkov
  • G.A. Galperin
  • K.E. Turbina
  • D.Yu. Blagutin
  • I.B. Kotlobovsky
  • V.A. Rakitina
  • V.V. Novikov
  • S.V. Gusar
  • A.M. Kutumov

Sole e shareh ehol

  • lder

er – Bank of Russi sia

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SLIDE 6

Memberships

6

All-Rus ussian sian Insurance ance Associati tion

  • n (ARIA)

Russian ian Antiterr rrori

  • rist

t Insurance ance Pool (RATIP) P) Russian ian Associati tion

  • n of Aviat

ation ion and Space Insurers s (RAASI) ) Federa rati tion

  • n of Afro-Asian

ian Insurers s and Reins nsur urer ers (FAIR)

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SLIDE 7

Ratings and Audit

7

AAA (RU), stable outlook, by the Analytical Credit Rating Agency (ACRA) Ernst & Young is the official auditor of RNRC IFS ВВВ-, positive outlook, by Fitch Ratings

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SLIDE 8

RNRC in Figures*

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#1 in the Russian reinsurance market RUB 21 21.3 .3 billion– authorized capital RUB 40.7 .7 billion – balance-sheet total RUB 12. 2.2 billion – signed premiums

*as of December 31, 2018

28% 28%

Share of RNRC in the incoming reinsurance market

10% 0%

  • f total premiums

transferred to reinsurance is transferred to RNRC

RUB 11 billion – earned premium 5% 5% – international business 58% 58% – optional business 42% 2% – businesses with a share of >10% RUB 1.8 .8 billion– net profit

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SLIDE 9

Underwriting Policy. Priorities

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Target segment Special segment Limited segment

  • Property (industrial and non-industrial facilities)
  • Construction All Risks/Erection All Risks (CAR/EAR)
  • General third party liability
  • General cargoes
  • Vessels under construction
  • Aviation insurance
  • Space insurance
  • Marine insurance
  • Energy facility insurance
  • Warehouse, goods and materials insurance

Property

  • Financial risks
  • Title insurance
  • Agricultural insurance
  • Political risks
  • Developers liability
  • Tour operators liability
  • Court-appointed trustees liability
  • Comprehensive car insurance
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SLIDE 10

Self-Retention

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RUB 2.5 billion RUB 1 billion RUB 0.5 billion

  • Property
  • Construction and installation
  • Vessels under construction
  • Cargoes
  • General liability
  • Wells
  • Drilling
  • Sea (H&M)
  • Aviation (hull)
  • Aviation (liab.)
  • Space risks
  • Sea (P&I)

Net Rete tention ntion Own gross rete tention ntion from Janua uary ry 1, 2019

  • RUB 10 billion – property
  • $150 million – aviation liability
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SLIDE 11

Settlement Policy

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Under the partic icipa ipati tion

  • n share

e of 10% Within the leader’s share

  • Following the decision of the assignor or leading

reinsurer

  • Use of the loss adjustment control clause
  • Joint decision with the assignor on involving the

adjuster and recognizing the event as insured

  • Support in the process of settling any loss

No requests ts for excessi sive e docume ments nts No delay y in payment ent of own share in loss

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SLIDE 12

Retrocession Protection of RNRC Portfolio

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Retroc

  • cessi

ession

  • n Obligat

igatory

  • ry

Reinsu nsurance ance Agree eeme ment nt RISK & CAT XL Retroc

  • cessi

ession

  • n Obligat

igatory

  • ry

Reins nsur uranc ance e Agreem eement ent AVIA IATION ION LIABILIT BILITY Y RXS XS

Excess of Loss Reinsurance Agreement concerning risks Coverage: worldwide Limit: $110 million in excess of the RNRC self- retention of $40 million for each loss and each case Aggregate reinsurer’s liability – $550 million Leader – Swiss Re Excess

  • f

Loss Reinsurance Agreement concerning risks and event Coverage: Russian Federation and the CIS Limits:

  • RUB 7.5 billion in excess of the RNRC self-

retention of RUB 2.5 billion (total business, except for offshore power generation)

  • RUB 5 billion in excess of the RNRC self-

retention of RUB 5 billion (offshore power generation). Leader – GIC

*as of December 31, 2018

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SLIDE 13

СПАСИБО ЗА ВНИМАНИЕ!

Москва, 125047 | Гашека, 6 | БЦ «Дукат Плейс III» Тел +7 (495) 730 44 80 | факс +7 (495) 730 44 79 | rnrc@rnrc.ru www.r .rnr nrc. c.ru

THANK NK YOU FOR YOUR ATTEN ENTION! TION!

6 Gasheka St., Ducat Place III, Moscow 125047, Russian Federation Phone: +7 (495) 730 44 80 | Fax: +7 (495) 730 44 79 rnrc@rnrc.ru | www.rnrc.ru