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Strategic Development of Milli Re’s Foreign Portfolio in the Caucasus Region

This presentation by Alexandre Bichot, Deputy Head of the Foreign Inward Business Department at Milli Re, outlines the company's strategic approach to the Caucasus region. It discusses key financial indicators such as premium income, equity, and profit/loss trends from 2009 to 2013, and highlights both the advantages and disadvantages of entering this market. Key goals include increasing business volume with existing partners, creating new partnerships, and diversifying the portfolio across branches. The vision emphasizes growth in a region with potential while addressing unique risks.

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Strategic Development of Milli Re’s Foreign Portfolio in the Caucasus Region

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Presentation Transcript

  1. AIIF19th June 2014 About Milli Re and Our Approach to the RegionbyAlexandre BichotDeputy Head of Department Foreign Inward Business - Milli Re

  2. Key Figures Concerning Milli Re Foreign Portfolio Development

  3. Key FinancialIndicators (1) Premium Income (US$ mio) Shareholders’ Equity (US$ mio) Profit/LossforPeriod (US$ mio) 2009 2009 2009 2010 2011 2012 2013 2010 2011 2012 2013 2010 2011 2012 2013

  4. Key Financial Indicators

  5. BranchwiseBreakdown of Total Premium Income in 2013

  6. Portfolio Breakdown by Region

  7. Rating The importance of a “rating” in the international reinsurance market is a well known fact. • OurfinancialstrengthratingfromA.M.BEST Rating Agency is “B+” (good). • Our Turkish nationalscaleratingfromStandard & Poor'sRatings Services is “trAA+”.

  8. Milli Re’s Approach to the CAUCASUS Region • Advantages : • Good Technical Results • Potential For Growth • Low Loss Frequency and Severity • Low Penetration Levels

  9. Milli Re’s Approach to the CAUCASUS • Disadvantages : • Natural Perils ( Majorly Earthquake) • Underpricing • Lack of Treaty Protection • Mostly Young and Inexperienced Markets

  10. Milli Re’s Approach to the CAUCASUS • Vision for the Region : • Increase Business Volume with Already Existing Partners • Create New Partnerships • Diversify the Portfolio Branchwise • Geographical Spread

  11. Milli Re’s Approach to the CAUCASUS • Future of the Region: • Create More Ties and Partnerships with Regional Reinsurers • Have a More Diversified Reinsurance Panel • Increase the Rates • Increase Treaty Protections ( especially concerning NatCat )

  12. Thank you !

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