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UIC-Reinsurance Department

Office 410, bld. 1, 23 Lesnaya str., Samara, Russia
32a Khoroshevskoe shosse, Moscow, 123007

April 16, 2014 - UIC Inwards reinsurance in the 1st quarter: an increase of 142%

In the first quarter of 2014 gross premium of the United Insurance Company(UIC)inward reinsurance amounted to 42.865 million rubles, in2.4 times higher than the same period of 2013 (17,721million rubles,142% increase).At the sametimethe share of motor reinsurance in portfolio does not exceed 49% (21.04million rubles of premium), and rest part amounted to21,825 million rubles was the other lines of reinsurance business.
During the first three months of 2014 UIC paidlosses in the amount of10,634 million rubles.( the 1st quarter of 2013 amounted to 3,189 million rubles., increased by 3times)where the share of paid losses of motor vehicle reinsurance amounted to 7,425 million rubles.The average level of loss ratio in respect of inward reinsurance is 25%,motor vehicle reinsurance - 35%.