Facts about the Russian Insurance Market*
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• 140 million direct policies issued,• 24,2 million claims made,• 0,32 million claims declined and 23,88 million settled,• 27,88 billion USD in premium received,• 12,97 billion USD of claims paid,• 1,4 billion USD in inward reinsurance premiums received,• 440 million USD of reinsurance claims paid,• 3,7 billion USD of premium ceded to local companies and abroad, • 795 million USD collected from the Reinsurers for losses settled,• Premium split between private and corporate clients 50/50,• 422 Insurance companies conduct business in Russia,• 4,77 billion USD of brokerage fees paid.
* Data valid as of February 19th, 2014. All information shown is for the period of January 1st, 2013 - December 31st, 2013. All information is provided by The Central Bank of the Russian Federation, www.cbr.ru. Selecta Insurance Company Ltd. assumes no liability or responsibility for any errors or omissions in the provided information.
Who we are? Key drivers of our success
The four components of our philosophy• Transparency • Trust • Ethics • Legal
Meet our team• Pavel Danilov• Vasily Kozlov • Alexander Shakhmatov
• TaLana Aleksandrova
Global reach• Countries in which we have done business in the last 3 years
• Countries by number of contacts
• Our porPolio brief overview
Reinsurance capacity• Program 1• Program 2• Program 3
Table of Contents
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Selecta Insurance Company is a Russian composite Insurance & Reinsurance company, established in Moscow on December 22, 1992. Our paid-‐up capital is 650 000 000,00 roubles (approximately 20 000 000,00 USD). We are commi]ed to offer our Clients reliable, transparent and long-‐term soluLons for all their business needs. We build our business based on the highest ethical standards. Our main advantages are: the reputaLon of our Company, professionalism of our Team, the trust we have gained with our Clients.
Pavel Danilov Chief Execu,ve Officer
Who we are?
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Key drivers of our success
InnovaLons
MulL-‐Currency Reserve System
Compliance with State Requirements Law Obedience
Responsible Investment
DomesLc & ForeignConsumers
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Meet our team
Pavel DanilovChief Execu+ve OfficerMr. Danilov has 30 years of working experience in insurance & reinsurance. Has worked for Ingosstrakh, Sedgwick, Glinso, etc.
Vasily KozlovChief Opera+ng OfficerMr. Kozlov started his career in 2002. He has worked for Sogaz, Ace European Group, Pomosch, Giva. Was a trainee at Marsh UK
Alexander ShakhmatovManaging DirectorMr. Shakhmatov started working at Ingosstrakh in 2003. He has also worked for Ace European Group, Kapital, Pomosch, Giva.
Ta,ana AleksandrovaChief Accoun+ng Officer Mrs. Aleksandrova has been working with accounLng, financial issues for almost 20 years in various companies.
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Global reach
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We operate in 95 countries of the world and have established business relationships with more than 350 partners worldwide (brokers, insurance & reinsurance companies, foreign direct clients). In the last seven years we received 59,23 million USD from our Reinsurance partners and paid them 18,52 million USD for settled losses.
Global reach
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* The following 95 countries: Afghanistan, Algeria, Angola, Argentina, Azerbaijan, Bahamas, Bahrain, Bangladesh, Belarus, Belgium, Bermuda, Bhutan, Botswana, Brunei, Bulgaria, Burma, Cambodia, Cameroon, China, Comoro Islands, Cyprus, Democratic Republic of the Congo, Dominican Republic, Ecuador, El Salvador, Equatorial Guinea, Fiji, Gabon, Georgia, Germany, Ghana, Greece, Guatemala, Haiti, India, Indonesia, Iran, Iraq, Italy, Ivory Coast, Japan, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Lebanon, Libya, Madagascar, Malawi, Malaysia, Maldives, Mauritius, Mexico, Monaco, Mongolia, Mozambique, Nepal, Nigeria, North Korea, Oman, Pakistan, Palestine, Panama, Papua New Guinea, Philippines, Portugal, Qatar, Romania, Russia, Saudi Arabia, Senegal, Seychelles, Sierra Leone, Singapore, Somalia, South Africa, Sri Lanka, Sudan, Sweden, Switzerland, Syria, Tajikistan, Thailand, Togo, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, Uzbekistan, Venezuela, Vietnam, Yemen, Zimbabwe
Countries* in which we have done business in the last 3 years
Established business with local companiesNo business done yet
Global reach
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Countries* by number of contacts**
1-3 contacts4-5 contacts6 or more contracts
* 1-3 contacts: Algeria, Angola, Azerbaijan, Bahamas, Bangladesh, Bahrain, Belarus, Bermuda, Brunei, Cambodia, Cameroon, China, Comoro Islands, Democratic Republic of the Congo, Dominican Republic, Equatorial Guinea, Fiji, Greece, Haiti, Italy, Japan, Jordan, Lebanon, Libya, Madagascar, Malawi, Maldives, Mauritius, Monaco, Mongolia, Mozambique, Nigeria, Oman, Palestine, Portugal, Qatar, Romania, Senegal, Seychelles, Sierra Leone, Singapore, Somalia, South Africa, Sri Lanka, Sweden, Switzerland, Tajikistan, Thailand, Togo, Turkmenistan, Uzbekistan, Yemen, Zimbabwe. 4-5 contacts: Afghanistan, Argentina, Belgium, Bhutan, Bulgaria, Burma, El Salvador, Gabon, Ghana, Georgia, Germany, Ivory Coast, Kenya, Kuwait, Kyrgyzstan, Malaysia, Nepal, North Korea, Pakistan, Panama, Saudi Arabia, United Kingdom. 6 or more contacts: Botswana, Cyprus, Ecuador, Guatemala, India, Indonesia, Iran, Iraq, Kazakhstan, Mexico, Papua New Guinea, Philippines, Russia, Sudan, Syria, Turkey, Ukraine, United Arab Emirates, Venezuela, Vietnam.** Contact - a partner company being a Reinsurer, Insurer, Broker or a Direct client with whom in the last 3 years at least one contract was signed.
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5%9%
14%
17%25%
30%
Property & CasualtyEngineeringTreatyMarine & CargoOther risksAviation & Space
Global reachOur portfolio* - brief overview:
32%
68%
Inward ReinsuranceDirect Business
29%
71%
AbroadRussia
Portfolio split by class of business
Portfolio split by type of business
Reinsurance portfolio by origin
* The portfolio of our team
Global reach
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0
3 000
6 000
9 000
12 000
15 000
2007 2008 2009 2010 2011 2012
GPW Losses
Financial results - Inward reinsurance (thsds, USD)
Reinsurance capacity -‐ Program 1
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Capacity 2,1 million Euro, Territorial scope - Worldwide, risks covered:
Aviation Marine Cargo Treaty Other risks
Territory covered
Reinsurance capacity -‐ Program 2
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Capacity 6 million Euro, Territorial scope - Worldwide, risks covered:
Engineering Property Energy CoW Casualty
Territory covered
Reinsurance capacity -‐ Program 3
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Capacity 20 million Euro, Territorial scope - former USSR, risks covered:
Engineering Property Energy Territory of the former USSRFormer USSR interests abroadTerritory excluded
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