2013 Annual Results
2013 Inwards Reinsurance Results of UIC
The written premiums in 2013 reached 2,135 billion rubles. In the Insurers’ Ranking in respect of premiums the company took the 57th position. The paid insurance compensations in 2013 amounted 1.173 billion rubles.
The written premiums of inward reinsurance operations in 2013 amounted 138.239 million rubles (47.2% of increase) and 87.158 million rubles consisted the paid losses. The loss ratio amounted 63%.
2013 Premiums and losses under inwards reinsurance agreements, million rubles
2013 Premiums structure of inwards reinsurance, %
Premiums under obligatory reinsurance contracts amounted 51% of inwards reinsurance in 2013, premiums under facultative contracts – 49%.
In 2013 UIC provided reinsurance protection under 2232 inwards reinsurance contracts, among which 2179 contracts were reinsured facultative, 53 – obligatory.