Tryg A/s · OMXCOP:TRYG
Tryg A/s — Nordea Insurance Seminar (January 2012)
10 slides from Tryg A/s's conference presentation, Jan 6, 2012
Slide 1: Nordea Insurance Seminar
Nordea Insurance Seminar CEO Morten Hübbe 6 January 2012 1
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions made by and information currently available to the management. Forward-looking statements (other than statements of historical fact) regarding our future results of operations, financ
Slide 3: Result development
Result development Quarterly combined ratio 110 105 100 95 90 85 80 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 2009 2010 Stable results – however, 2010 hit by harsh winter and underlying development in one-off events. claims inflation. Fu
Slide 4: Initiatives – immediate effect
Initiatives – immediate effect • Price increases across all segments Price increases • DKK 1bn in 2011 (5%) • DKK 1bn in 2012 • New organisational set-up with clear profitability focus Profitability focus • Change in incentives for staff and management • Improved processes and organisation Claims in
Slide 5: 6 key focus areas impacting our share
6 key focus areas impacting our share Profitability focus Claims initiatives Stable market Weather impact structure Capital position Shareholder remuneration with high return 5
Slide 6: "When tomorrow comes" - beyond 2013
“When tomorrow comes” - beyond 2013 - continued focus on our core insurance operation Profitability focus Procurement Growth Profitability Cost focus Price differentation Customer segmentation Tryg Transition Benefit/DKK invested in IT development Single-stringed development and operation 4-stringed
Slide 7: Capitalisation
Capitalisation % of premiums • Internal model is forward looking whereas 50% S&P A S&P model is backward looking. QIS Typically sizeable • Internal model more closely reflects underlying QIS difference risk drivers – such as expected profitability. ICA Typical internal model • A minus rating ~ Solve
Slide 8: Pricing strategy
360° focus on the customers Pricing strategy • Strong pipeline of price increases • Price differentation and better use of external statistics • Changed conditions • Customer segmentation Price differentation Room for price hikes ? • UW target linked to capital consumption • Continued cost focus to
Slide 9: Challenges along the way…
Challenges along the way… Legislation Sovereign debt Recession Uncertain financial markets Retirement age Weather risk 9
Slide 10: Questions?
Questions? 10