Grange St Paul's Hotel, London

2012 Insurance Market Briefing Europe

18 Oct 2012

Pleasant

Dr Roger Sellek, Ceo, A. Meters. Best EMEA & Asia-Pacific

2012 Insurance Market Seance - The european countries

18 October 2012

2

Agenda

08: 30 2009: 00 2009: 10 2009: 30 twelve: 15 Registration Welcome EMEA Market Guide Key Notice Speaker 12: 35 11: 20 12: 05 doze: 45 13: 00 Euro Outlook Reinsurance Panel Growing Markets Available Q& A

2012 Insurance Market Briefing - The european countries

18 March 2012

3

EMEA Market Overview

Stefan Holzberger Taking care of Director, Stats A. Meters. Best The european countries – Rating Services Limited

2012 Insurance Market Briefing - The european countries

18 August 2012

4

Western The european union

• Important Market Features – Economical uncertainty and volatility – Heightened expense risk 36% 25% 14% 8% 2% AA+ 2% AA AA‐ A+ A A‐ BBB+ 9% 3% BBB 1% BBB‐

– Sound underwriting and reserving fundamentals – ERM developments

RatingВ distributionВ asВ ofВ 1В October, В 2012

2012 Insurance Market Conjonction - The european union 18 Oct 2012 5

Western European countries

• Review – Solid technical revenue – Primary capital power improved – Stressed capital strength currently supports scores Preview – Turbulent market conditions – Regulatory concern – ERM focus Rating Actions

15% Affirm Limit Upgrade

10% 75%

•

Outlook Overview

14% 86% Positive Adverse Stable

18 October 2012 6

2012 Insurance Industry Briefing -- Europe

Emerging Markets: Non-MENA

• • CEE Essential Characteristics – Hard struck by financial crisis – Exclusions: Poland, Czech Republic and Slovakia – Influence of Western insurance providers 35% 19% 12% 0% A A‐ BBB+ BETTER BUSINESS BUREAU BBB‐ BB+ BB Rating distribution as of 1 October,  2012 8% 15% 8% 3% BB‐ 0% B+ 18 March 2012 six

CIS Important Characteristics – – – – Severe market anxiete Banking sector crisis Debt consolidation Tax optimization schemes

2012 Insurance Market Briefing - Europe

Appearing Markets: Non-MENA

•

CEE

CIS

Review – Very good technical success – Improved retention – Increased regulatory capital requirements – Clampdown on taxes avoidance Critique – Competition increasing – Feeling pressure from financial meltdown – Premium volumes recovering – Increase in foreign immediate investment

Score Actions

23% Affirm Downgrade Upgrade

63%

14%

•

CEE

View Summary

4% 12% 84%

18 October 2012

CIS

Positive Bad Stable

almost 8

2012 Insurance Market Seance - The european countries

Middle East & North Africa

• Key Marketplace Characteristics – Insurance industry dominated by Motor and Medical lines – Finest threat: politics instability 26% 26%

– Competition heating up – ERM and regulating environment deemed weak 22% 17%

9% 0% A+ A A‐ BBB+ BETTER BUSINESS BUREAU BBB‐ 0% BB+

RatingВ distributionВ asВ ofВ 1В October, В 2012

2012 Insurance Marketplace Briefing - Europe 18 October 2012 9

Central East & North The african continent

• Review – Region Risk problems – Low retention – High expenditure risk – Strong technological performance Preview – Revenue squeezed – New entrants – Audio balance sheets – Takaful market developing Rating Actions

4% Affirm Downgrade Up grade

96%

•

Outlook Synopsis

3% 17% 80%

18 October 2012

Positive Adverse Stable

twelve

2012 Insurance Market Agglomeration - The european union

Innovation in Insurance – Can Europe Compete?

David Law Global Insurance Head PricewaterhouseCoopers LLP

2012 Insurance Market Briefing - The european countries

18 August 2012

11

www.pwc.co.uk/insurance

Development in insurance – Can easily Europe compete?

David Law, PwC Global Insurance head

October 2012

Transformation of Mature Industries: Kodak

Market Performance

Film sales worldwide significantly drop with the elevating penetration of digital photography gadgets Cellphones and tablets displace digital cameras while the preferred Kodak ranks ways of No . 7 in ALL OF US digital photography camera sales Kodak resorts to patent lawsuits and obvious licensing to create revenue

Kodak is founded by George Eastman

Commence of erosion of Kodak's US photography...

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Candido Term Paper: Photography equipment Slave Operate

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