liability insurance by alicejenny

VIEWS: 4 PAGES: 11

									EURASIA INSURANCE COMPANY
        December 2004
                         LINES OF BUSINESS

   Motor third part liability insurance (compulsory)
   Passenger carriers’ liability insurance (compulsory)
   Notaries’ liability insurance (compulsory)
   Auditors’ liability insurance (compulsory)
   Property damage (Fire and allied) and Business interruption insurance
   Houseowners’ insurance
   Voluntary motor insurance
   Cargo insurance
   Personal accident and sickness insurance
   Employers’ liability insurance
   Aircraft insurance
   Financial risks and business insurance
   Private health insurance
   Aircraft owner’s third part liability insurance
   General third part liability insurance
   Marine insurance ( hull and liability)
   Railway insurance

           Reinsurance services including non-proportional reinsurance
                       NEW COMPLEX INSURANCE PROGRAMS

CONSTRUCTION                                      OIL

•General Liability                                •Property Insurance

•Workers' Compensation                            •Boiler & Machinery

•Builders Risk                                    •Liability

•Equipment & Tool floaters                        •Contingent Business Income

•Real & Personal Property                         •Foreign Work/Projects

•Pollution Liability                              •Workers’ Compensation



                       INDUSTRIAL PD/MB/BI
                       • Property damage – All risks
                       • Business Interruption
                       •Machinery Breakdown
                    OUR LATEST CLIENTS


British American Tobacco;       Baumarkt
Philip Morris Kazakhstan;       Prikasiyburneft Kazakhstan;
Sodekso KazMunaiGaz Service;    Air Astana;
Bateman;                        Atyrau Aue Zholy;
Ozturk Munay;                   Tengizneftestroi
Agip KCO;                       Atyrau Refinery
KPMG                            TMK AVISMA
Ernst & Young;                  Toyota Tsusho Butya
Deloitte & Touche               Iskra Novosibirsk Mechanical Plant
YUKOS;                          Altynalmas
UN                              Danish Steel Company
UNESCO                          Oracle Netherlands;
                                Russian Aluminium;

               Caspian Pipeline Consortium;
                      Aral Petroleum
                    Kazakhturkmunay;
              International activity
 Denmark         Kazakhstan
                       Eurasia

Switzerland                       South Korea




      Zambia
                               THE MAIN PRINCIPLES

It’s the profit that counts,          We put profit before growth. We do
                                      wonder who takes business we decline. I
not the market share.                 suppose you must look at which players
(Warren Buffet, Berkshire             grow and which do not.
Hathaway )                            (Nikolaus von Bomhard, CEO, Munich Re)


   •    Clear understanding of the market niche occupied
   •    Prudent underwriting (We are not a vacuum cleaner!)
   •    Inwards reinsurance
   •    Сustom tailored insurance




       Eurasia Insurance Company has become a backbone insurer of the
                            Kazakhstani market
       Our recent market share is as much as 19.4% of gross premiums
                   REINSURANCE MARKETS



                    16%
                                    AIG
29%                                 Ace Global Markets
                                    Hiscox
                                    Ascot
                           14%      Munich Re
                                    Aegis
                                    Wellington
3%                                  XL Insurance
 3%
                          9%        Zurich GE
  3%
    3%                              Beazley
         6%         8%              Other markets
              6%
                          CYCLE MANAGEMENT
                                         Hard market

                                          Increased Premium
                                            High Deductible
                                            Restricted Cover


                                                               Good Underwriting Results
                 Less Competition




                                                                         Increased Market Capacity
Reduced Market Capacity




             Poor Underwriting Results
                                                               Greater Competition




                                           Reduced Premium
                                           Lower Deductible
                                            Broader Cover



                                          Soft Market
            THE TRENDS OF OUR FINANCIAL DEVELOPMENT

                          Premiums written

USD Mln.
    50


    40


    30


    20


    10


     0
              Year 2003             11 months of
                                    the year 2004




           USD 18 830 769             USD 49 592 307
               8.5%                   19.4%
             5-th place               1-st place
                           COMPARATIVE FINANCIAL STATEMENTS
                              OF THE 5 LEADING COMPANIES
   STATEMENT AS OF           EURASIA        Kazakhinstrakh       OIC         Kazkom m ertz-     AIG - KZ
     OCTOBER,1 2004                                                              policy
   (thousands of USD)
            А                  1                  2              3                 4               5
Assets                             48 869             18 175         8 970             19 418          5 585
Insurance reserves,
gross                              23 235             16 734      14 417               13 356          8 678
Equity                             31 329              6 873       3 841                6 992          3 354
Retention                           5 456              2 361       1 826                2 035          1 203
Insurance premiums,
gross                              46 074             36 648      31 985               16 235       15 482
Insurance premiums,
transferred to
reinsurance                         8 403             25 430      23 850                5 906       14 321
Net insurance premiums
                                   37 671             11 218         8 135             10 329          1 161
Investment to the equity

of other legal entities             1 708                    0         39                  0               0
Property, plant and
equipment, net                      3 019              1 165         979                  859             34
Net income                         23 277              2 766         369                2 359          1 129
Balance sheet total                54 063             22 258      11 308               20 903          6 149

								
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