Overview of RANI s history Sergei Ivanov Chairman, RANI
2 Content 1. History 2. Members 3. Organizational structure 4. Our clients and Russian pool development
History 3
4 History of RANI 1997 RNIP (RANI) founda>on. JSC «MAKS» is the leader of RNIP (RANI). First NTPL policy for 9 NPPs was issued 1999 First NTPL policy with Leningrad NPP 2007 First reinsurance business with Ukrainian Nuclear Insurance Pool 2008 JSC «SOGAZ» became a new leader of RNIP (RANI)
History of RANI: capacity for domestic and foreign risks 5 2008-2012 New financial requirements for pool s members were approved in 2009. The RNIP (RANI) insurance and reinsurance capacity for domeshc and foreign operahons was significantly reduced. Then it was growing steadily. Tab. 1. RANI s capacity for domeshc and foreign risks 400 350 300 250 200 150 100 50 0 340 94 110 120 200 2008 2009 2010 2011 2012 Domes>c risks Foreign risks Логарифмический (Domes>c risks) 8% 7% 6% 5% 4% 3% 2% 1% 0% Tab. 2. Capacity for domeshc risks in % of solvency capital 2010 2011 2012 max
History of RANI: premiums and number of policies 2008-2012 DomesHc business of RANI: NTPL and MD premiums 2008-2012 DomesHc business of RANI: number of policies 35 30 20 18 16 25 14 20 15 12 10 8 10 5 0 2008 2009 2010 2011 2012 6 4 2 0 2008 2009 2010 2011 2012 Direct NTPL premium of REA and FCFs Re premium MD of REA 6
7 History of RANI: NTPL and MD limits 2008-2012 DomesHc business of RANI: NTPL and MD limits 800 700 600 500 400 300 200 100 0 2008 2009 2010 2011 2012 In case of a nuclear accident this amount to be paid to both an operator and third parhes NTPL limit MD limit
History of RANI: reinsurance business 2008-2012 Re business of RANI: outward and inward premiums 2008-2012 Number of foreign pools in reinsurance business 14 12 10 8 6 4 2 Outward Re Inward Re Степенная (Outward Re) 18 16 14 12 10 8 6 4 2 0 2008 2009 2010 2011 2012 0 2008 2009 2010 2011 2012 8
History of RANI: international activities 2004-2012 Nuclear Forums and individual meehngs 9
History of RANI: international and local insurance inspections 2009-2012 First internahonal insurance inspechon was held at two Russian NPPs (Leningrad and Balakovo) in 2009. Conclusion: Russian nuclear insurance risks can be reinsured. InternaHonal inspechons. The first round of inspechons of all plants will be done in 2013. RANI plans to conduct 2 internahonal inspechons every year. Follow up internahonal inspechons. 3 f- up inspechons were done. RANI plans to conduct 2 f- up inspechons every year. Local insurance inspechons on FCF and Research InsHtutes. 4 inspechons were done in 2012. Insurance inspechons on foreign NPPs. Our expert parhcipated in 3 inspechons in 2012. 10
11 History of RANI: trainings of engineers 2012: First INPO training was arranged in Moscow. Engineering training for Russian engineers was arranged by American Nuclear Insurers (USA). Classroom training organised on insurance risk assessment at NPPs, covering NSO, TPL, MB & FP. AddiHonal training provided by ANI (USA). PracHcal on- site training being provided in Russia and overseas. Russian engineer parhcipated at three foreign internahonal insurance inspechons as an inspector. Russian engineer became a member of Engineering Subcommi\ee of the internahonal pooling system.
12 History of RANI: antitrust policy 2010: Government ResoluHon 504 about insurance pools came into force. Some of the anhmonopoly legislahon restrichons were not applicable for RANI any more.
Pool s members 13
14 Leading pool s members RANI - 19 member companies
Content Pool s members SOGAZ InternaHonal rahngs Foreign insurers parhcipahon Pool s share (17.05.2012) InternaHonal BBB- / S&P Ingosstrakh InternaHonal BBB- / S&P Allianz InternaHonal Baa 1/ Moody s no Generali 39% Allianz AG - 100% 15% 15% 6% RESO- GaranHya InternaHonal BB+/ S&P AXA Global (37%); EBRD (6%) 6% The S&P long term credit rahng for Russia is BBB+ (stable) on 26/07/2012. 15
Organizational structure 16
Organizational structure of the Russian pool General Meeting Chairman (Mr. Ivanov) All pool s members (19 members) General Manager RANI (Mr. Rudenskiy) Execu>ve Commisee (7 pool s members) RANI management (7 full >me employees) RANI Technical Commisee 6 members RANI Financial Commisee 10 members RANI Legal Commisee 3 members RANI Ad hoc working groups 17
Employees of RANI Name and Surname Mr Pavel Rudenskiy Mr Valeriy Korobkov Mr Nikita Lukyanov Vacant Mr Sergey Babenko Mr Anatoly NikiHn Mr Vladimir Vashchilo Ms Darya Kholomey PosiHon General Manager Reinsurance Manager Finance Manager Technical Manager Deputy Technical Manager Deputy Technical Manager Deputy Technical Manager Administra>ve Assistant 18
Employees of RANI 19
Our clients and RANI s development 20
Our clients 18 NTPL policies 21
Highlights of Russian pool development item 2008 2009 2010 2011 2012 Number of pool s members 22 22 22 20 19 Capacity for domestic operations (TPL+MD combined) Capacity for foreign operations (TPL+MD combined) - $94m $110m $120m $200m $30m $30m $30m $50m $50m NTPL limit per event (REA) $137m $143m $160m $212m $233m MD limit per event (REA) no no no no $490m International Insurance Inspections at Russian NPPs and FCF No Leningrad and Balakovo NPPs Kola and Kursk NPPs Novovoronezh and Beloyarsk NPPs 1. Smolensk and Rostov NPPs 2. Balakovo and Novovoronezh f- up inspections 3. 4 Local inspections Number of policies issued 2 2 11 17 18+1 Reinsurance Leader no NRI NRI NRI NRI Leader of the Pool SOGAZ SOGAZ SOGAZ SOGAZ SOGAZ Class of business NTPL NTPL NTPL NTPL NTPL+MD 22
More information about RANI www.ranipool.ru 23
THANK YOU! Address: 16, Bolotnaya street, Bld.1, Moscow, 115035, Russia Telephone: +7 495 788 41 91 E-mail: Rudensky.Pavel@ranipool.ru 24