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 and Central Bank of the Russian Federation pursuant citi tize zens. ns. Ensur sure e financ ncial al to the Federal Law* related to the establishment of sustai ainab abili ility ty and effecti tive ve a national reinsurer to support the Russian business affected by international sanctions and developm lopment ent of the insur uranc ance e the 10% compulsory cession imposed on Russian market et in the Russian sian Feder erati tion on insurance companies. and its integ egrati tion on into o the global al Thus, the Company’s mission is to… insur suranc nce e space ce 2 *Federal Law No. 363 "On Amendments to the Federal Law "On the Organization of Insurance Business in the Russian Federation" dated July 3, 2016
Growth Strategy Target t portfolio olio growth th dynami amics cs Target t portfolio olio st struct ctur ure in 2021 1 (%) (million lion rubles) 20% 24 694 3% 4% 19 931 5% 16 063 6% 12 12 178 178 8% 7 703 703 48% International Intern l bu busi sine ness ss Property 2017 2018 2019 2020 2021 Liability Financial risks Actual Actual Cargoes Aviation Personal Other 3
International Market Growth Strategy Grow owth th in premiums ums at attracted ed from m the Target t markets ts interna ternati tiona onal market t (million lion rubles es) ) +115% 5 000 + CIS East stern ern Europ ope 2 500 MENA Asia South th Africa 1 250 577 2018 2019 2020 2021 Actual 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 oriz ized ed to to act as a foreign eign reinsu nsurer er in China, na, South th Korea, , Egypt pt and India ia 4
Corporate Management* Sole e shareh ehol older er – Bank of Russi sia President and Supervisory Board Reinsurance Board Management Board S.A. Shvets vetsov E.L. Platonov а N.V. Karpova o o o O.S. Ovsyanitsky o M.V. Bratanov o O.B. Krymova o V.Yu. Skvortsov o N.V. Galushin o A.A. Scheglov A.A. Ustinov o o A.F . Golikov o M.Yu. Volkov o A.A. Vereschaka o V.P. Goreglyad o G.A. Galperin o S.M. Ignatiev o K.E. Turbina o I.N. Zhuk o D.Yu. Blagutin o V.V. Kulik I.B. Kotlobovsky o o V.A. Rakitina E.I. Kuritsyna o o V.V. Novikov o I.Yu. Yurgens o S.V. Gusar o A.M. Kutumov o 5
Memberships All-Rus ussian sian Insurance ance Associati tion on (ARIA) Russian ian Antiterr rrori orist t Insurance ance Pool (RATIP) P) Russian ian Associati tion on of Aviat ation ion and Space Insurers s (RAASI) ) Federa rati tion on of Afro-Asian ian Insurers s and Reins nsur urer ers (FAIR) 6
Ratings and Audit IFS ВВВ -, positive outlook, by Fitch Ratings AAA (RU), stable outlook, by the Analytical Credit Rating Agency (ACRA) Ernst & Young is the official auditor of RNRC 7
RNRC in Figures* #1 in the Russian reinsurance market 28% 28% RUB 21 21.3 .3 billion – authorized capital Share of RNRC in the RUB 40.7 .7 billion – balance-sheet total incoming reinsurance market RUB 12. 2.2 billion – signed premiums RUB 11 billion – earned premium 10% 0% 5% – international business 5% of total premiums transferred to 58% – optional business 58% reinsurance is transferred 42% 2% – businesses with a share of >10% to RNRC RUB 1.8 .8 billion – net profit 8 *as of December 31, 2018
Underwriting Policy. Priorities Property (industrial and non-industrial facilities) o Construction All Risks/Erection All Risks (CAR/EAR) o Target segment General third party liability o General cargoes o Vessels under construction o Aviation insurance o Space insurance o Special segment Marine insurance o Energy facility insurance o Warehouse, goods and materials insurance o Financial risks o Title insurance o Agricultural insurance o Political risks o Limited segment Property Developers liability o Tour operators liability o Court-appointed trustees liability o Comprehensive car insurance o 9
Self-Retention Net Rete tention ntion RUB RUB RUB 2.5 1 0.5 billion billion billion Sea (P&I) o Wells Property o o Drilling Construction and installation o o Sea (H&M) Vessels under construction o o Aviation (hull) Cargoes o o Aviation (liab.) General liability o o Space risks o Own gross rete tention ntion from Janua uary ry 1, 2019 RUB 10 billion – property o $ 150 million – aviation liability o 10
Settlement Policy Following the decision of the assignor or leading o Under the partic icipa ipati tion on share e of 10% reinsurer Use of the loss adjustment control clause o Joint decision with the assignor on involving the o adjuster and recognizing the event as insured Within the leader’s share Support in the process of settling any loss o No requests ts for excessi sive e docume ments nts No delay y in payment ent of own share in loss 11 11
Retrocession Protection of RNRC Portfolio Retroc ocessi ession on Obligat igatory ory Retroc ocessi ession on Obligat igatory ory Reins nsur uranc ance e Agreem eement ent Reinsu nsurance ance Agree eeme ment nt AVIA IATION ION LIABILIT BILITY Y RXS XS RISK & CAT XL Excess of Loss Reinsurance Agreement Excess of Loss concerning risks and event Reinsurance Agreement concerning risks Coverage: Russian Federation and the CIS Coverage: worldwide Limits: Limit: RUB 7.5 billion in excess of the RNRC self- o $ 110 million in excess of the RNRC self- retention of RUB 2.5 billion (total business, retention of $4 0 million for each loss and each except for offshore power generation) case RUB 5 billion in excess of the RNRC self- o Aggregate reinsurer’s liability – $ 550 million retention of RUB 5 billion (offshore power generation). Leader – Swiss Re Leader – GIC 12 *as of December 31, 2018
СПАСИБО ЗА ВНИМАНИЕ! THANK NK YOU FOR YOUR ATTEN ENTION! TION! Москва, 125047 | Гашека, 6 | БЦ «Дукат Плейс III » 6 Gasheka St., Ducat Place III, Moscow 125047, Russian Federation Тел +7 (495) 730 44 80 | факс +7 (495) 730 44 79 | rnrc@rnrc.ru Phone: +7 (495) 730 44 80 | Fax: +7 (495) 730 44 79 rnrc@rnrc.ru | www.rnrc.ru www.r .rnr nrc. c.ru
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