NBM 2009
Profile Re Reinsurance Company will participate as a partner in the November reinsurers’ business meetings which will be held from 24 to 25 November at the Holiday Inn Sokolniki Hotel.
Partnership and sponsorship of relevant events is a good tradition for OJSC Profile Re. This year the Company was granted the status of ‘special partner’ of The November reinsurers’ business meeting.
OJSC Profile Re employees will be glad to meet their partners and market colleagues and invite members and guests to Okhotniy ryad,1 conference hall, which is located on the ground floor of the Holel intended for talks with the representatives of the Profile Re Reinsurance Company within the framework of the November meetings.
About Profile Re
Open Joint Stock Company Profile Re Reinsurance Company.
OJSC Profile Re is Russian professional reinsurer carrying out its activities under license # 3486 77.
The company was founded on Feb. 19, 2001.
Profile Re Reinsurance Company works exclusively with classical risks. It offers professional optional and obligatory reinsurance coverage on proportional (quota, excess of amount) and disproportional (excess of loss, excess of loss ratio) basis.
Territory of Profile Re business activity includes Russia , the former Soviet republics and foreign contries.
Mission of Profile Re consists in improving the reliability of insurance coverage in Russia and all over the world. We strive to lead in reinsurance providing professional high-quality services. Profile Re is a credible partner.
OJSC Profile Re efficiency standards:
• Quotation in an hour;
• Acceptance to the day;
• Payment on the following day.
In order to create the necessary level of insurance reserves and provide for the profitability of the reinsurance operations OJSC Profile Re conducts rigorous, theoretically and practically sound underwriting policy.
Underwriting loss ratio of the company equals to 22%.
Company's business stability is stipulated by the equation of reinsurer’s portfolio formed and well-warranted in accordance with the forecasts of loss occurrence probability and trustworthy and well thought-out obligatory contract coverage.
Coverage provided by OJSC Profile Re is protected by the following obligatory programs:
• Package obligatory contract on ‘property, construction / installation activities and freifgt’ on the basis of excess of loss with the limit of $5 million placed in Russia and in the West.
• Contract on ‘accident and title’ risk based on the amount excess with a limit of 36 million rubles.
Competent distribution by directions within the overall structure of the portfolio provides the company with optimal level of loss ratio (within 9 months of 2009 the volume of payments of OJSC Profile Re amounted to 55,7%).
OJSC Profile Re portfolio structure:
|
Motor Insurance |
38,2% |
|
Property Insurance |
22,5% |
|
Marine risks |
9,3% |
|
Liability risks |
12,4% |
|
Cargo Insurance |
5,8% |
|
Personal accident |
5,6% |
|
Aviation risks |
5,1% |
|
CAR/EAR |
0,6% |
|
Agricultural risk |
0,5% |
One of the main conditions for the execution of the obligations assumed is the constant growth of Company’s capitalization level. By the end of 2008 the level of authorized capital was raised up to 500 million rubles.
Reliability of Company is stipulated by a diversified investment policy. OJSC Profile Re invests funds in financial institutions in such a way as to ensure a high level of liquidity. Insurance reserves funds are placed in marketable securities and TOP-10 bank deposits. The company strives to ensure the safety and profitability of assets placed.
Expert RA Rating agency awarded OJSC Profile Re with "A" rating - High level of reliability.
OJSC Profile Re is a member of the VSS (All-Russia Union of Insurers) and actively participate in and sponsor professional events.
OJSC Profile Re specialists appear as guest speakers at national and international meetings, conferences and forums.
Training activities (workshops, round tables and seminars) organized by the specialists of OJSC Profile Re are very popular with our partners.
OJSC Profile Re Director General Alexei Onishchenko.
Contacts: 123242, Russia, Moscow, Kapranova st., 3 ( Premier Plaza Business Center ).
Tel. / fax: +7 (495) 771-74-81, 771-74-87, 771-74-89
E-mail:
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