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www.trustre.com
AIIF - 2015 Azerbaijan International Insurance Forum - VI Edition
Trust Re “ The reinsurer of choice”
July 2nd – 3rd , 2015 Baku, Republic of Azerbaijan
Sinisa Lovrincevic, M.Sc. General Manager – Cyprus Branch
1. Reinsurance in the interconnected World Searching for stability
Up - to date with the new risk landscape
Proactive strategy for long term commitment
Reinsurance today - in practice
2. Why Trust Re? “Reinsurer of Choice”
Driven by our values, Trust, Dynamic, Team Spirit
Underwriting capacities
Contents
Promise
Partnership
Perils
Planning
Product
Price
Performance
Profit
© Copyright 2013 TRUST RE All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission
PEOPLE ENGAGEMENT
STAKEHOLDERS INTEREST
1. SEARCHING FOR STABILITY
© Copyright 2013 TRUST RE All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission
1. UP-TO DATE WITH THE NEW RISK LANDSCAPE
Efficient Deployment
of Capital
Inn
Innovative Risk
Assessment
External Analysis
Internal Analysis
“As if” Scenarios
Vision
Mission
Core Values
“SMART” Goals
Planning
Implementation on time
Performance Realization Team work
1. PROACTIVE STRATEGY
© Copyright 2011 TRUST All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission
© Copyright 2013 TRUST RE All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission
1. REINSURANCE CONTINUITY
LONG TERM
COMMITMENTS
Capital
Cash
Confidence
Conditions
Cover
Capacity
Control
RISK
COMPLEXITY
Concentration
Conflict
Climate
Catastrophe
Crisis
Competition
Claim
World of Change
Demand & Supply
Sensitivity
Broker 1
Broker 2
HI THERE!
Insurer
WHERE?
COMPETITOR
EVERYWHERE!
1. REINSURANCE TODAY – in practice
Insured
ReinsurerShow me the RIGHT way!
TODAY!
COMPETITIVE TERMS
Leadership: Vision, Mission, Values, Objectives, Goals, Strategy
Risk capital: adequate allocation to be ready to pay for future losses
“Risk chain”: close cooperation with active presence on the market,
delivering/exchanging know-how, experience & best practice
Active communication: understanding of macro and micro changes
in the risks pattern and consequences of risks interconnection with
response plan in place
Innovative solution: prompt responses always, with decisions
based on integrated processes through entire corporation © Copyright 2013 TRUST RE All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission
2. WHY TRUST RE?
© Copyright 2011 TRUST All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission
2. WHY TRUST RE?
Capital: Authorised, issued and paid up capital of US$ 200 million
Employees: 230 plus, located in our Bahrain Head Office, Branch
Offices in Cyprus and Labuan, Malaysia, Representative Office in Morocco
Ratings: “A-“ by S&P and A.M. Best
Reinsurance protection:- Treaties: proportional and non-proportional bases- Facultative: Oil & Energy (offshore and onshore), Marine Hull & Cargo,
Alternative Energy, Property, Engineering, Specialty Lines, Life and Health
2. WHERE WE ARE?
USA MOROCCO
MALAYSIA
BAHRAIN
CYPRUS
UK
CHINA
INDIA
Head Office is located in Bahrain
Our geographical scope includes the Azerbaijan, Middle East, Africa, Asia, Turkey, CEE, SEE, Russia and other CIS countries
2. WE ARE DRIVEN BY OUR VALUES
Vision To be the Reinsurer of Choice
Mission To provide innovative reinsurance solutions and prompt responses, always
Values Trust
Dynamic
Team Spirit
2. Celebrated our 25th Anniversary in 2014
Key Highlights: 2014 vs. 2013
Top Line Growth: 14% (USD 453m)
Net Profit After Tax: 14% (USD 15m)
Net Technical Reserves: 9% (USD 466m)
Equity Appreciation: 29% (USD 385m)
Energy Offshore
Energy Onshore
Property
Engineering
Political Violence
Liability
Treaty Non-Marine
Marine Hull
Marine Cargo
Treaty Marine
Political Risk
Group PA
Life
0 20 40 60 80 100 120
up to 110m
up to 110m
up to 100m
up to 75m
up to 15m
up to 10m
up to 15m
up to 8m
up to 8m
up to 6m
up to 5m
up to 5m
up to 5m
2. UNDERWRITING CAPACITIES 2015
$USD m
© Copyright 2013 TRUST RE All rights reserved. No part of this presentation in all its property may be used or reproduced in any form or by any means without a written permission
We are on the same boat!
Questions ARE IMPORTANT AS ANSWERS!
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