Munchener Ruckversicherungs-gesellschaft Ag · XETR:MUV2
Munchener Ruckversicherungs-gesellschaft — Munich Re — Corporate Update (October 2006)
5 slides from Munchener Ruckversicherungs-gesellschaft's corporate update, Oct 23, 2006
Slide 1: Munich Re: First foreign life reinsurer in the CIS
Munich Re: First foreign life reinsurer in the CIS Press workshop 23 October 2006 Business environment Continuing dynamic growth in Russia and most of the CIS (Commonwealth of Independent States) Russia: real Gross Domestic Product (GDP) growth for 2000–2005 averaging 6.8% p.a. 2005 2004 2003 Re
Slide 2: Development of life insurance market in the CIS
Development of life insurance market in the CIS Dynamic growth of economy and pent-up demand for pension provision Î Annual premium growth above 100% Î Many foreign primary insurers opening offices in Moscow Î Good conditions for expansion of life reinsurance business 3 Historical background: Relati
Slide 3: Business development in life business to date
Business development in life business to date 1995: First life reinsurance agreement 1995–2000: Phase of intensive observation of the CIS’s economic and financial development 1999: Start of facultative life business Since 2000: Commencement of concrete business development with an expanded u
Slide 4: Strategic considerations
Strategic considerations Present business relations to remain unchanged, but transfer of reinsurance contracts from Munich Re Munich to Moscow Capitalisation of 120 million roubles enables subsidiary to offer reinsurance solutions on a rouble basis -> Expansion of business opportunities in local
Slide 5: Thank you for your attention
Thank you for your attention. Ralf Lindner, Head of Department Central, Eastern and Southeastern Europe in the Life and Health Division Dmitri Demidov, General Manager und CEO Munich Re Life E.E.C.A., Moscow Appendix: Penetration of life insurance markets in selected countries (2005) Premium in % of