■ GEFEST joint-stock insurance company wasestablished in Moscow in 1993■ The company is widely recognized as a leader inco...
■ Branches and representatives: in 15 Russian cities. Insuranceprotection in 51 regions of Russia■ People: more than 300 e...
■ 19 years experience in insurance of the most huge and complex construction projects allover Russia■ Perfect relationship...
342POSITIONS ON RUSSIAN MARKETBy the volume of written premiumsIJSC «GEFEST» keeps the 34th placeBy the volume of written ...
KEY FINANCIAL FIGURESFigure, mln USD 2007 2008 2009 2010 2011 2012 (forecast)Total writen premium 45.7 69.8 50.4 52.3 76.4...
OUR PORTFOLIO STRUCTURECAR/EAR67.0%Motor10.5%Property9.8%Liability5.7%InwardReinsurance4.7%Cargo2.0%Casualty andMedical0.3...
We are proud of our engineering risks portfolio and effective cooperation with our clients.JSIC «GEFEST» provides reliable...
CAR/EAR PORTFOLIOTunnels23%Bridges27%Roads21%Buildings13%Communications8%Power industry6%Hydrotechnicalobjects1%Airports, ...
Project LocationSumInsured,USD mlnPML, %from SIConstruction of Sochi central motor highway «Kurortniy prospectalternate ro...
Date ofLossLoss DescriptionClass ofInsSumInsured,USD mlnLossamount,USD mln14.12.2009Sochi cargo port construction damage b...
CAR/EAR treaty (with indirect section)Type: excess of loss reinsuranceBase: losses occurring during 1 calendar year w.e.f....
Motor hull treatyType: excess of loss reinsuranceBase: risk attaching with effect from 01/04/2012Total capacity: 1.33 mln ...
OtherCargoCPMPersonalaccidentLiabilityMotor hullPropertyCAR/EAR2011. Total written premium –3,6 mlm USDCargoOtherCPMPerson...
Vladimir ChubukovThe First deputy General Director,in charge of reinsuranceGrigory VinogradovHead of Reinsurance departmen...
Thank you for attention!Any questions?GEFEST Reinsurance Teamreinsurance@gefest.ru
Presentation 121127
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Presentation 121127

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Presentation 121127

  1. 1. ■ GEFEST joint-stock insurance company wasestablished in Moscow in 1993■ The company is widely recognized as a leader inconstruction insurance, including unique,technically complex and capital-intensiveinfrastructure construction projects■ The company is aggressively developing into auniversal B2B insurer offering a wide range ofgeneral insurance services for commercial entitiesIJSC «GEFEST» - WHO WE AREGEFEST IS A MEMBER OF:■ The International Association of Engineering Insurers (IMIA)■ The All-Russia Union of Insurers■ The Russian Tunnel Association■ The Association of Moscow Investors■ The Russian Union of Motor Transport Insurers■ Russian Anti-Terroristic Insurance Pool■ The National Union of Liability Insurers for exploiters ofhazardous industrial objects
  2. 2. ■ Branches and representatives: in 15 Russian cities. Insuranceprotection in 51 regions of Russia■ People: more than 300 employees work for the companynowadays■ Financial strength rating by Fitch Ratings on “B+” (positiveoutlook) on the international scale and “А” on the national scale■ Financial strength A+ rating (very high reliability) on Expert RAnational rating agency■ Share capital – 750 mln. RUR (about 25 mln. USD)STRATEGIC APPROACH:■ Development of engineering risks insurance and reinsurance,creation of system approach to new business lines such as MB,MLOP, LOP, BI, liability■ Development of new lines of business: insurance of powerindustry, oil-and-gas, railway and other transport systems■ Development of comprehensive insurance■ At the same time the Company strives to be highly experienceduniversal insurance and reinsurance companyIJSC «GEFEST» - WHO WE ARE
  3. 3. ■ 19 years experience in insurance of the most huge and complex construction projects allover Russia■ Perfect relationship with contractors and state customers of a huge constructionprojects, financed from federal and regional budget■ Unique engineering underwriters team with great insurance and on-site work experience■ Invaluable experience in settlement of huge and complex claims. Professional and highlyexperienced team of claims managers■ Largest claims paid under insured events occurred on Russian CAR/EAR insurance market■ Reliable reinsurance protection created not only for capital-intensive construction projectsbut also to protect properly all kinds of business written by the company■ Wide range of directions on reinsurance activity: very developed relationship with Russiancompanies and great value of international inward and outward business■ Intensive development of the Company combined with development of a types ofinsurance different from CAR/EAR applying the system approach in risks management■ GEFEST is the national leading expert in liability insurance of Self Regulating Organizationsmembers (SRO insurance)■ The new sales channel is operating: cooperation with insurance brokersOUR COMPETITIVE ADVANTAGES
  4. 4. 342POSITIONS ON RUSSIAN MARKETBy the volume of written premiumsIJSC «GEFEST» keeps the 34th placeBy the volume of written premium inCAR/EAR insurance, IJSC «GEFEST»has been strongly keepingone of the leading positions*information provided by Expert RA (Russia) as at 2011
  5. 5. KEY FINANCIAL FIGURESFigure, mln USD 2007 2008 2009 2010 2011 2012 (forecast)Total writen premium 45.7 69.8 50.4 52.3 76.4 82.8Total earned premium 23.7 43.0 40.8 40.6 47.2 32.5Net claims paid 5.7 7.1 9.5 11.3 10.9 7,6Loss ratio,% 24 16 23 28 23 232416232823 23051015202530Loss ratio, %45.769.850.4 52.376.482.801020304050607080902007 2008 2009 2010 2011 2012(forecast)Total writen premium, mln USD
  6. 6. OUR PORTFOLIO STRUCTURECAR/EAR67.0%Motor10.5%Property9.8%Liability5.7%InwardReinsurance4.7%Cargo2.0%Casualty andMedical0.3%*information as for 2011 year results
  7. 7. We are proud of our engineering risks portfolio and effective cooperation with our clients.JSIC «GEFEST» provides reliable insurance and reinsurance protection for the mostfamous and complex construction projects in RussiaCAR/EAR INSURANCE
  8. 8. CAR/EAR PORTFOLIOTunnels23%Bridges27%Roads21%Buildings13%Communications8%Power industry6%Hydrotechnicalobjects1%Airports, runways1%*info as at October 2012
  9. 9. Project LocationSumInsured,USD mlnPML, %from SIConstruction of Sochi central motor highway «Kurortniy prospectalternate route», 2nd and 3rd stagesSochi 1 900 9%Construction of a segment of Doubler (parallel access road) toKurortniy Prospekt M-27 Dzhubga-Sochi Federal HighwaySochi 703 30%Construction of the federal highway M-27 Djubga-Sochi to theborder with Geoorgia on section Adler-VeseloyeSochi 400 28%Building of the southern site of Western High-speed Diameter fromtraffic interchange on crossing with the Ring highway around St.Petersburg to a traffic interchange on Kanonersky islandSt.Petersburg382 20%Construction of highway from mountain resort «Alpica-Sevice» tofinish area of ski resort «Roza-Hutor». Arrangement of approachesto toboggan route, freestyle center, snowboard park and MountainOlympic villageSochi 358 27%ENGINEERING ACCOUNT - LARGEST CAR PROJECTS
  10. 10. Date ofLossLoss DescriptionClass ofInsSumInsured,USD mlnLossamount,USD mln14.12.2009Sochi cargo port construction damage by severestormCAR 105,7 17,010.07.2003Collapse to the tunnel in construction with the possibledamage to the underground servicesCAR 272,9 3,506.02.2008Destruction of temporary lining and soilflow in callotepart of tunnel during temporary lining partitionCAR 134,2 2,102.01.2009Destruction of three construction cranes due to aconstruction site fireCPM 2,4 1,819.10.2010Due to soil subsidence (deformation) on approachembankment the traffic interchange was damaged anddeformatedCAR 191,5 1,1ENGINEERING BUSINESS – LARGEST CLAIMS
  11. 11. CAR/EAR treaty (with indirect section)Type: excess of loss reinsuranceBase: losses occurring during 1 calendar year w.e.f. 01/01/2012Total capacity: 100 mln USD on SI/PML basisStructure:1st Layer: 3.3 mln USD in excess of 700 000 USD2nd Layer: 6 mln USD in excess of 4 mln USD3rd Layer: 90 mln USD in excess of 10 mln USDLeader: Swiss Re.Placed via brokers: Challenge Group Ink and RIFAMS IBProperty treaty (with indirect section)Type: excess of loss reinsuranceBase: losses occurring during 1 calendar year w.e.f. 01/05/2012Total capacity: 10 mln USD SI/PML/Loss limit basisStructure:1st layer: 3 mln USD in excess of 300 000 USD2nd layer: 6.7 mln USD in excess of 3.3 mln USDOUR TREATIES
  12. 12. Motor hull treatyType: excess of loss reinsuranceBase: risk attaching with effect from 01/04/2012Total capacity: 1.33 mln USDStructure: 1st layer: 280 000 USD in excess of 50 000 USD2nd layer: 1.0 mln USD in excess of 330 000 USDCargo treatyType: excess of loss reinsurance, commencement date01.07.2012Total capacity: 3.33 mln USDReinsured`s self retention: 100 000 USDSelf-regulated organizations liability treatyType: excess of loss reinsurance, commencement date01.01.2012Total capacity: 3.33 mln USDReinsured`s self retention: 165 000 USDOUR TREATIES
  13. 13. OtherCargoCPMPersonalaccidentLiabilityMotor hullPropertyCAR/EAR2011. Total written premium –3,6 mlm USDCargoOtherCPMPersonalaccidentMotor hullLiabilityLiability ofExploiters ofhazardousObjectsCAR/EARProperty1st half of 2012. Total writtenpremium – 1,5 mln USDINWARD REINSURANCE. FAC + TREATIES
  14. 14. Vladimir ChubukovThe First deputy General Director,in charge of reinsuranceGrigory VinogradovHead of Reinsurance departmentElena OrlovaDeputy Headof Reinsurance departmentDenis NikolaicevChief underwriter of Reinsurance departmentTreatiesEngineering risksREINSURANCE TEAM
  15. 15. Thank you for attention!Any questions?GEFEST Reinsurance Teamreinsurance@gefest.ru

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