INTERNATIONAL RATING

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INTERNATIONAL RATING AS THE COMPETITION
ENCHANCEMENT TOOL FOR NATIONAL REINSURER
Dmitry GARMASH Deputy Managing directorUnity Re
Ltd / Group RESO 10-11 July 2008, Baku
Azerbaijan International Insurance Forum 2008
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Key factors of national R/I business growth

• Infrastructure
• Broker sales channel
• Regionality
• Large-scale projects

• Financial
• Capitalization
• Investments, MA
• R A T I N G S

• Market
• Phaze of cycle
• Alternative capacity demand
• Domestic market narrowing

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International ratings dynamics in Russia CIS

• Companies in the world having and international
  rating - 43 000 in Russia 84 in CIS 110
• estimate for 2008-09 more 45-60 companies will
  obtain international ratings
• growth of ratings in Russia for 2007?. growth
  for 1998-2003 39
• insurance reinsurance companies with ratings
  12 (Russia) 5 (CIS)
• rated financial institutions in Russia, 2007
  Fitch 45, SP 38, Moodys - 20

Source Vedomosti/Smart Money Expert RA
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Marketposition
Assets
Capitalization
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Key points of analysis ? sectors for growth
reengineering
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Enhancements through rating
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Unity ReMoscow, Russia Paid-up capital 13,0
mio RUR NPW 2007 16,5 mio USD Moodys rating
B1 (international, stable outlook) A2.ru
(national, stable outlook)
Questions Tel. [phone], add.
4950 E-mail re_at_unityre.ru Web www.unityre.ru