Transcript JAHORINA OSIGURANJE - Wiener osiguranje ad

FOR EVERYTHING VALUABLE TO YOU...
Press conference
Jahorina osiguranje ad
Dr Miroslav Miskic,
General Manager "Jahorina osiguranje" ad Pale – RS/BiH
Banja Luka , April 18, 2012
Insurance market in BH
Macroeconomic indicators
2009
2010
Population (millions)
3,84 *
3,84 *
24,0
25,2
6.250
6.560
Growth of real GDP, % change
-3,1
0,5
Unemployment rate
42%
42%
Inflation rate
-0,4
2,4
GDP (BAM billions)
GDP per capita (BAM)
Rating:
Standard & Poor's: B+/Stable/B
1 EUR = 1,95583 BAM
(*) – evaluation according to MMF and Global Finance
- Total share of insurance (share of annual premium per capita) in Bosnia and
Herzegovina in 2010 amounted approximately 63 EUR
- In comparison with approximately 75 EUR in Serbia
- And with over 2.500 EUR in 15 EU countries
ABOUT JAHORINA OSIGURANJE
• "JAHORINA OSIGURANJE" AD Pale, established on August 11,
1992 as a mixed owned joint stock company.
• As of September 02, 2002 registered as a joint stock company
with legal and natural entities as founders.
• As of January 20, 2012 Jahorina osiguranje ad is 100% owned by
Vienna Insurance Group
• Insurance company „Jahorina osiguranje“ а.d. has been
registered for following groups of business activities:
 66030 Other insurance
 66010 Life insurance (from IQ 2010)
 67200 Auxiliary activities for insurance.
ABOUT JAHORINA OSIGURANJE
• „Jahorina osiguranje“ a.d.
Pale operates at entire
territory of Bosnia and
Herzegovina.
• Business network
comprises 8 branch offices
with over 40 local offices
and field offices
throughout BH.
• Company is founder and
owner of „Jahorina auto“
DOO, with capital share of
100%.
• „Jahorina auto“ DOO is
specialized for vehicle
technical checkup services
and has widespread
network of 30 stations for
technical checkup of
vehicles in all Republic
Srpska.
ABOUT JAHORINA
OSIGURANJE
Since 2002, the Company
has Certificate of Quality
Management System ISO
9001 : 2000, given by RW
TÜV Essen
JAHORINA AT THE BH
MARKET
- Leading company – absolute leader in RS, progressive growth in FBH
- Growth of market share of Jahorina osiguranje ad in BH is constant in last
years
- Jahorina osiguranje ad was the first in RS at the end of 2011 with 15,9% of
share
- Takes 8th position on BH insurance market with 5,1% of share
- THE COMPANY VALUE exceeds 40 mill BAM (according to DUE DILLIGANCE
E&Y evaluation)
JAHORINA in 2011
- Total income of the Company 30,8 MILL BAM
- Expenditures in 2011 amounted 30.2 MILl BAM
- 24,5 MILL BAM of premium was invoiced in 2011, and collected over 23, 1
MILL BAM
- We paid 8,2 MILL BAM for 3765 claims in 2011 (8,3 mill BAM for 3558 claims in
2010)
- Profit was 554.000 BAM in 2011
JAHORINA TODAY
- We have 215 employees
- We sold 2517 risk packages, as a new product
- We insured approximately 65.000 motor vehicles against liability
- Casco insurance of approximately 2.800 vehicles
- Approximately 1.020 life insurance policies
BUSINESS STRATEGY
- Achieve long term cumulative growth of premium and
incomes (ultimate goal)
- Continuous training and development of young talents
- Employment of experienced professionals
- Investment in long term relationships with clients
- Efficient, fair and quick settlement of claims
- Continuous spreading of insurance business in all aspects
- Adequate portfolio structure with focus on life insurance.
PLAN FOR 2012
Fundamental plan goals for 2012 are:
- Invoiced premium in amount of
26,7 MILL BAM
- Collected premium in amount
26,2 MILL BAM
- Expected amount of paid claims
- Expenditures of conducting insurance
- Expected profit
8,5 MILL BAM
12,0 MILL BAM
0,76 MILL BAM
- Number of permanently employed workers 249
ACHIEVED IN IQ 2012
Invoiced premium
BAM
MTPL
CASCO
Property other
Non-life total
Life
GRAND TOTAL
%
Collected
premium BAM
%
3.420.129
63,86%
3.412.402
59,66%
539.133
10,07%
496.488
8,68%
1.225.328
22,88%
1.656.491
28,96%
5.184.590
96,81%
5.565.381
97,30%
170.702
3,19%
154.373
2,70%
5.355.292
100,00%
5.719.754
100,00%
JAHORINA IN VIG
- Jahorina osiguranje ad owned 100% by VIG since January 20, 2012
- Extraordinary Assembly held on February 21, 2012 in Trebinje
- New MANAGEMENT BOARD elected
- We are getting used to work in the great and powerful international
group
CSR ACTIVITIES IN 2011
Forthcoming activities
- Social Activity day (corporative voluntary work)
- Celebration of 20th anniversary of the Company
THANK YOU FOR PATIENCE
THANK YOU FOR ATTENTION