Sampo Oyj · OMXHEX:SAMPO
Sampo Oyj — Investor Day (September 2015)
18 slides from Sampo Oyj's investor day presentation, Sep 11, 2015
Slide 1: IF P&C - Sampo Capital Market Day
IF P&C Sampo Capital Market Day Ricard Wennerklint, Deputy CEO of If P&C London, 11 September 2015
Slide 2: Digitalisation
DIGITALISATION Relax, we'll help you.
Slide 3: Design overhaul and responsive sites
DESIGN OVERHAUL AND RESPONSIVE SITES All policies available online
Slide 4: Customer centric webshops increase online sales
CUSTOMER CENTRIC WEBSHOPS INCREASE ONLINE SALES
Slide 5: We meet the customer in the channel of their choice
WE MEET THE CUSTOMER IN THE CHANNEL OF THEIR CHOICE NUMBER OF CONTACTS SHARE OF VISITS TO IF.SE PER CHANNEL FROM MOBILE DEVICES 16 40% 14 35% 12 30% 10 25% Millions 8 20% 6 15% 4 10% 2 5% - 0% Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2
Slide 6: Digital customer journey
DIGITAL CUSTOMER JOURNEY SALES 23% increase in online sales (last 6 months) SERVICE 25% eCustomers Customers with digital payment and CLAIMS digital policy letters 40% of claims are on all their policies reported online
Slide 7: Internet is the fastest growing distribution channel
INTERNET IS THE FASTEST GROWING DISTRIBUTION CHANNEL BA Private NORDIC ONLINE SALES, PREMIUM ONLINE SALES BY COUNTRY 6M-15, PREMIUM Denmark 17% Sweden 38% Norway 19% Finland 26% TOTAL PREMIUM BY COUNTRY 6M-15 Denmark 8% Sweden Norway 38% 32% 2012 2013 2014 Finland 22%
Slide 8: Efficiency through online claim reports
EFFICIENCY THROUGH ONLINE CLAIM REPORTS NORDIC SHARE OF ONLINE CLAIMS ONLINE CLAIMS BY COUNTRY 6M-15 62% 40% 33% 34% 35% 33% 29% 28% 27% 2011 2012 2013 2014 6M 2015 Finland Denmark Norway Sweden
Slide 9: Significant investment in online solutions
SIGNIFICANT INVESTMENT IN ONLINE SOLUTIONS Online investments - share of IT development cost ONLINE INVESTMENTS AS % OF TOTAL IT DEVELOPMENT COST 19% 18% 19% 13% 18% 11% 13% 11% 2012 2013 2014 6M 2015 2012 2013 2014 6M 2015
Slide 10: Solvency
SOLVENCY
Slide 11: Solvency II deliveries
SOLVENCY II DELIVERIES 1 Jan 2016: Solvency II comes into effect 2011 - 2013 2014 2015 2016 Application Internal model pre application process process First ORSA Own Risk and Solvency Reports (ORSA-reports) Preparatory SII reporting delivered according to plan Full SII reports
Slide 12: If capital and capital requirement Q2 2015
IF CAPITAL AND CAPITAL REQUIREMENT Q2 2015 196% 223% 168% 126% MEUR 3 965 3 866 4 000 3 800 3 806 3 063 3 000 2 267 1 939 2 000 1 779 Capital requirement Capital 1 000 0 Economic Capital Partial Internal Standard Rating S&P (A-rating and Adjusted Model Solvency formula Solvency level) Solvency Capit
Slide 13: Still uncertainty around Solvency II
STILL UNCERTAINTY AROUND SOLVENCY II Element Solvency Capital Requirement Internal model regulatory approval Increased Solvency Capital Requirement through capital add on or use of standard formula Risk reducing effect of deferred tax MEUR 160 Element Eligible Own Funds Norwegian natural perils fund
Slide 14: If partial internal model solvency capital requirement per risk Q2 2015
IF PARTIAL INTERNAL MODEL SOLVENCY CAPITAL REQUIREMENT PER RISK Q2 2015 MEUR 3 965 4 000 3 000 215 220 1 416 120 1 939 2 000 1 779 607 160 1 000 575 0
Slide 15: Solvency II stress tests
SOLVENCY II STRESS TESTS 250% 223% 224% 222% 228% 228% 218% 218% 220% 215% 213% 200% 150% 100% 50% 0% +10% -10% +25 bps -25 bps +50 bps -50 bps
Slide 16: If rating capital requirement Q2 2015
IF RATING CAPITAL REQUIREMENT Q2 2015 High liability risk charges and low diversification benefits in S&P model MEUR 4 000 3 866 1 882 3 314 3 063 3 000 257 198 2 382 2 000 1 636 1 000 0 Asset risks Liability Diversification M-factor Total A Total BBB Total AA S&P capital risks adjustment capital ca
Slide 17: If S&P rating - detailed view
IF S&P RATING – DETAILED VIEW Assessment Overall rating A with stable outlook Business Risk Strong Financial Risk Strong Anchor a Enterprise Risk Management and a+ Management and Governance Group support a
Slide 18: Thanks for listening
THANKS FOR LISTENING . ‘ —— Jum Z “My, Relax, welll help you.