You are on page 1of 84

www.zaluu.

com
www.zaluu.com


: ,

1.1 ,
1.2
1.3 ,

1.4
1.4.1
1.4.2
1.4.3
1.4.4
:

2.1

2.2

2.3

2.3.1
2.3.2
2.3.3
: ,
3.1

3.2

3.3

www.zaluu.com
www.zaluu.com

69 .

,
.
.


.
,
, ,

.

.


,
.

,
.

.

www.zaluu.com
www.zaluu.com



.
,
.

,
.

www.zaluu.com
www.zaluu.com

:

1.1

,
-, .

.
.

,
.

,
.
, ,
, , ,

, ,

.
,
.
.
, ,
. ,

. .

, ,

www.zaluu.com
www.zaluu.com

, ,
,
.

. 2001

. ,
, .

,
. ,
, , ,
,
,
,
.
?
. ,
, . ,

. , .

. , 9 11-

.

, .
,
.
,
.

1.2

www.zaluu.com
www.zaluu.com

.
.

.
,
,
.

, , , ,
.
, .



,
.
. :


, .

, .

. :


www.zaluu.com
www.zaluu.com

,





, ,
.

, ,
.

.
/ /

. , ,
, .

.

.
,
.
.
.

.

, ,
.
6
.

www.zaluu.com
www.zaluu.com







.



/
/ .

, ,
,
.
,
.



.
.


.
.

,
.
:

www.zaluu.com
www.zaluu.com
1)

2)

3)
4)

5)
:
1)
2) ,

3) .
/ / .
4)

.
:
1. :




2.



3.


:
-

www.zaluu.com
www.zaluu.com
-

4.


5.



-

6.

//

7.

.

1.3



:
1.
2.
3. .

.
.

,
.
.

www.zaluu.com
www.zaluu.com
1)
2)
3)


.

, .
.

.
,
.

.

,
.

.
.

, .

.


.

www.zaluu.com
www.zaluu.com



. ,
.

1, 2 .

1-

www.zaluu.com
www.zaluu.com

*

.

2-

www.zaluu.com
www.zaluu.com

,
.


.

1.4

1.4.1
,

.

,
.
1960- .


. .

www.zaluu.com
www.zaluu.com
1.

.
2.

.

. :
1.
2.
3.
4.


2 .
1.
2.
,
,
,
.
,
,
, .

.
, ,
.
.
, ,
. :
1.
2.
3. .

www.zaluu.com
www.zaluu.com
4
:
1.
2.
3.
4.
:

( , )


.
.
1.
2.
3.
4. ,
5. ,
6.
7.
8.
9.
10. .

.
. :
1.
-

2.
-

www.zaluu.com
www.zaluu.com
-

.
. :
3 . :
1.
2.
3.

. , .
,
.
.
.
1.
2.
3.
4.

. : , ,
, , ,
.
1.4.2
:

. .


. ,

www.zaluu.com
www.zaluu.com
. .
. :
, ,
,
. .
: ,

.

. , , ,
, , .
.
.

.
.
, , ,
.
.
. :
-

. ,
.

. , ,

.
-

.
, ,
.

.
.
, , .

, ,
.

.

www.zaluu.com
www.zaluu.com


, .

.
.
-

, , , ,
.

. , , ,
.

. , .

, .
-

. ,
.

1.4.3
,
.
.

.

/ , ,
/



,
. :
, .

www.zaluu.com
www.zaluu.com

.
. :
1.
2.
3.
4. .
1.4.4
.
.
, ,
, .
2 .
,
,
.

, , .

:
,
2.1 ,

70- 1934

. ,
-
1934 33-

. , , , 4

www.zaluu.com
www.zaluu.com
- //-
, 174.8
1934 12 1- .
75 , , 2 78.3
, 224.5
.
,
.


, ,
.
1924-1959
,1959-1962
1962-1990 , 1990

.
20 20
50

.


.
,
.
,
,
,
.

,
.

www.zaluu.com
www.zaluu.com

.

, ,
,
.

. ,
, , ,
,
, , , ,
, ,
.
-
,
.
1990
90-
,
18

,
.


:
:
1.
2.
3.
4.
5.
6.

www.zaluu.com
www.zaluu.com
,

27 , 4 , 275 ,
140- .
:


19
, , ,
, , /4/, /4/, /1/
.
:
1.
2.

www.zaluu.com
www.zaluu.com
3.
4. .

, .
, , .

, ,
.

.
1.
. 2001
- 6 1

.
2.
. 2002 4


.
.
3.
.
.

95
.
27 ,
.

47

3 . 29
,
.

2

www.zaluu.com
www.zaluu.com
2 . 2002

. .



,

2003 .


.

.

.
.
2001

.

2001

.

. :
1.
2.
.
. ,
.

. 2001

www.zaluu.com
www.zaluu.com
.
.


3 6 .

.

,
13
, 3, , 1
.


.
.

, ,
3 .
.
. :
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12. , .

www.zaluu.com
www.zaluu.com

.
.

.


29
, 1 , 1 , 1
.


.

accounting
system 95 . 2003

.
,
.
. :
1.
2.

2.2

1997

,
, , , ,
26 . :
1.

www.zaluu.com
www.zaluu.com
2.
3.
4.
5.
6.
7.
8.
9.
, ,
,
10.
11.
12.
13.
14. ,
15.
16.
17.
18.
19. ()-
20.
21.
22.
23.

2001

%-

2002

%- %-

2454129.07 60.498 2763925.4103 56.749


63541.28 1.566
69009.66 1.417
40713.62 1.004 23334.24951 0.479
23.61

0.001

5468.39
-17379.37

-3.749
8.61
-42.69

-23.61 -100.00

www.zaluu.com
www.zaluu.com





.-






2230.66

0.055

250.00

0.006

1514.40

0.031

-716.26

-32.11

-250.00 -100.00

2560888.24 63.130

2857783.72 58.676

296895.48

11.59

97178.19 2.396
453340.35 11.176

104565.72 2.147
566299.97 11.627

7387.52
112959.61

7.60
24.92

1925.29792 0.040
1612.30
453907.17 9.320 159929.24
1347031.07 27.657 593030.53
22841.88 0.469
8342.79
39514.66 0.811 -365167.34
105934.42 2.175 -183376.38
125138.54 2.569
6747.09
85000.00 1.745
-2272.00
5625.00 0.115 -42297.87

515.11
54.40
78.65
57.54
-90.24
-63.38
5.70
-2.60
-88.26

313.00 0.008
293977.93 7.247
754000.54 18.587
14499.09 0.357
404682.00 9.976
289310.80 7.132
118391.46 2.919
87272.00 2.151
47922.87 1.181
1136086.40 28.006

510318.26

44.92

0.007

155.00

77.89

120.00 0.003
417138.08 10.283

470.00 0.010
487661.04 10.013

350.00
70522.97

291.67
16.91

15454.97 0.381
702592.15 17.320

28697.85 0.589
1128580.71 23.172

13242.88
425988.56

85.69
60.63

58.85

10.11

199.00

582.20

0.005

0.014

1646404.66 33.804
354.00

641.05

0.013

www.zaluu.com
www.zaluu.com
2001, 2002
2001
2002
(.)

1117494.9

1200000.0
1000000.0
800000.0
600000.0

410487.8
291606.5

400000.0
181788.7

223836.1

156298.5

200000.0
0.0

2001

2002

2001

2002

359555.3

366299.6

9%

8%

2560888.2

2857783.7

63%

59%

1136086.3

1646404.6

28%

34%

4056529.8

4870487.9

100%

100%

, ,

www.zaluu.com
www.zaluu.com
,

. 1960-

1964 , 1967 ,
1980
.
, , , ,
30 ,

. ,
, , , ,
.
2001, 2002
:
/ /

2001

2002

971322.0

1533086.6

711817.7

1194484.2

213831.1

239401.3

45673.0

99201.1

2002 1533086.6
. 77.9%- ,
15.6%- , 6.5%-
.
2002 2001
57.8% - . 67.8%-
11.9% -, 117.2% -
.

www.zaluu.com
www.zaluu.com
2001, 2002

.
,

.
.

.
, , ,
,
, .
, -, - ,

, ,
.

www.zaluu.com
www.zaluu.com
2.3

2.3.1
:

,

.
. :
1.
2.
3.
4.
5.
6.
7.

8. , ,
.

71

. .


.
.


. 2000 ,
.

www.zaluu.com
www.zaluu.com



.


.

, .



, -
.

.

.
1.
2. ,

3. 40
4.
5.
6.

7. , ,



.
. 2002

www.zaluu.com
www.zaluu.com

.

. :
1.
2. , 2 .

2002
2.9- .
.
2001, 2002 .
/ /





,


2001
2002 2001 2002
1080740.6 1183365.6 102625.0 109.5
100% 100.0%
232404.4 257261.4 24857.0 110.7
21.5% 21.7%
57000.1
24440.3 -32559.8
42.9
5.3%
2.1%
80218.8
83426.5
3207.7 104.0
7.4%
7.0%
268003.1 279528.5 11525.4 104.3
24.8% 23.6%
6294.6
6952.3
657.7 110.4
0.6%
0.6%
30060.8
34089.4
4028.6 113.4
2.8%
2.9%
78286.9
72175.7 -6111.2
92.2
7.2%
6.1%
79642.4
93554.0 13911.6 117.5
7.4%
7.9%
248828.4 331937.5 83109.1 133.4
23.0% 28.1%

2001 1080740.6
30060.8 2.8%
. 2002
9.5%- 1183365.6 2.9%

34089.4 .
13.4%-
0.1%- .

www.zaluu.com
www.zaluu.com

2001, 2002 .
2001
1080740.6
232404.4
57000.1
80218.8
268003.1
6294.6
30060.8
78286.9
79642.4
248828.4

2002
1183365.6
257261.4
24440.3
83426.5
279528.5
6952.3
34089.4
72175.7
93554.0
331937.5

331937.5

250000

248828.4

232404.4
257261.4

300000

268003.1
279528.5

350000

79642.4

72175.7

78286.9

30060.8
34089.4

6952.3

50000

6294.6

100000

80218.8
83426.5

57000.1
24440.3

150000

93554.0

200000

2001 1080740.6
2002 1183365.6

www.zaluu.com
www.zaluu.com

2001





,


1080740.6
232404.4
57000.1
80218.8
268003.1
6294.6
30060.8
78286.9
79642.4
248828.4

/./
100%
21.5%
5.3%
7.4%
24.8%
0.6%
2.8%
7.2%
7.4%
23.0%

2001 1080740.6

21.5%

23.0%

5.3%

7.4%

7.4%

7.2%
2.8%
0.6%

24.8%

www.zaluu.com
www.zaluu.com

2002





,


/./
100.0%
21.7%
2.1%
7.0%
23.6%
0.6%
2.9%
6.1%
7.9%
28.1%

1183365.6
257261.4
24440.3
83426.5
279528.5
6952.3
34089.4
72175.7
93554.0
331937.5

2002 1183365.6


21.7%

28.1%

2.1%

7.0%
7.9%
6.1%

23.6%

2.9%
0.6%

www.zaluu.com
www.zaluu.com

99.2%-
, 0.8%-
.

, ,

.
2002
.

,
23%-,

FM,

,
16%-,

15%-,

36%-,

10%- .

.



.

.
3128 , 1170

.

www.zaluu.com
www.zaluu.com

,

()

25

26-45

46-60

61

1.

30.14

21.97

22.31

5.56

23.08

2.

12.33

11.9

24.62

41.67

17.61

3.

70.68

68.42

67.69

25

65.0

4.

36.99

26.32

33.08

22.22

30.8

5.

9.9

14.65

16.92

5.56

12.8

6.

6.8

4.3

3.08

4.6

4.9

7.

3.3

1.4

3.08

2.2

65%
, 30.8%
.
23.1%
4
.

,
,
.

25 31% , 26-45 20.8%, 46-60
19.4%, 61 15%

www.zaluu.com
www.zaluu.com
21.5%
.

.


. .
, ,
, ,
,

.

,
25

UBS
25-

FM

1.

2.

3.

4.

26-45

46-60

198
154
129
69
92
187
73

54.25
42.19
35.34
18.9
25.21
51.23
20

235
134
92
102
113
122
153

53.78
30.66
21.05
23.34
25.86
27.92
35.01

144
84
54
31
94
54
115

55.4
32.3
20.8
11.9
36.2
20.8
44.2

60

69
63.89
37
34.26
25
23.15
5
4.63
55
50.93
9
8.33
27
25.00

101
5
79
365

27.67
1.37
21.64
31.2

185
6
52
437

42.33
1.37
11.9
37.35

132
3
4
260

50.8
1.15
1.54
22.2

36
0
0
108

33.33
0
0
9.23

646
409
300
207
354
372
295

55.2
35.0
25.6
17.7
30.3
31.8
25.2

454
14
135
1170

38.8
1.2
11.5
100


.
,

www.zaluu.com
www.zaluu.com
. ,
.

.
,
.


.

( ) .
15%, 10%-
.
2001
268003.1

24.8%-, 2002

279528.5 23.6%-
.

2.3.2
1.

.

.
18- 5000 .
, , ,
.
- 8-12

,
0.45 .
, 2
2002 1406 .
2.

www.zaluu.com
www.zaluu.com
,
.
1997 12 5- 1998 1 1-
5 , 24 .

.
. ,
,

, ,
, , .
: ,
,
, .
3.
1990
, 18 . ,
,
. 5 .
1, 1, 16
. 3
, 2
. 2003 ,
.

/ /

1998

1999

10

2000

11

13

2001

13

15

2002

15

18

2003

16

18

www.zaluu.com
www.zaluu.com
4.
:
- .
2001 18 , -12.1, -14.2, 12.7, 0.45 .

2002 2001
18 , 2000 43
, .
:

2000

2001

2002

1753.2

2118.0

2508.4

3000
2500
2000
1500
1000
500
0
1st Qtr

2nd Qtr

3rd Qtr

1

6.1 19 .
.
: .

2001

2000

2001

859.5

904.0

5.2

37.5

503.7

445.8

(11.5)

18.5

246.9

218.4

(11.5)

9.1

123.7

123.7

5.1

www.zaluu.com
www.zaluu.com

120.9

113.6

(6.0)

4.7

, , 2002 1.3 ,
2001 13 ,
38 .
.


1998

1999

2000

2001

2002

, , 314.4

372.3

487.2

527.3

534.1

1928.4

2320.8

2703.3

3213.2

3646.1

749.3

1079.4

1034.8

1427.4

1965.3

3163.4

3772.5

4225.3

5167.9

6145.5

:
100%
749

1079.4

1034.8

1427.2

1965.1

80%

2320.8

2703.3

3213.2

3646.1

40%

1928

60%

314

372.3

487.4

527.3

534.1

20%
0%
1998

1999

2000

, ,

2001

2002

2002 4.5
7 .

www.zaluu.com
www.zaluu.com

1998

1999

2000

2001

2002

2309

2803.8

3421.3

4174.4

4500

854.4

968.7

804

993.5

1645.5

3163.4

3772.5

4225.3

5167.9

6145.5


2002 40
, 25
.

40

0%

20%

25

40%

35

60%

80%

100%

60 , , 64
,
.
1997

www.zaluu.com
www.zaluu.com

7000
6145.5

6000

5167.9
4225.3

5000
3772.5

4000

3163.4
2650.1

3000
2000
1000
0

1997

1998

1999

2000

2001

2002

5.
: 2001 1766.9 2002
1062.9 40 .
40 . 30
. ,
, , , ,
, .
//
2000

2001

2002

166.3

220.5

206.9

662.5

1286.8

535.6

236.8

259.6

320.4

1065.7

259.6

1062.9

2002 80.7 858.4


, 3.9 42.1 , 2.8
30.2 , 2.7 29.1
, 24.7 2.3 , 19.9

www.zaluu.com
www.zaluu.com
, 5.8 58.4
.

2002 /
858.4
900
800
700
600
500
400
300
200
100
0

42.1

30.2

29.1

24.7

19.9

58.4

7000

6145.5

6000

5167.9

5000
4000

4225.3
3772.5
3163.4

3000
1766.9

2000
1000

569.3

751.1

1065.5

1062.9

0
1998

1999

2000

2001

2002

,
1997-2002
:

www.zaluu.com
www.zaluu.com
/ /

2000
1800
1600
1400
1200
1000
1766.9

800
600
400
569.3

1065.5

1062.9

751.1

200

0
1998

1999

2000

2001

2002

12 2001 1546.7 2002


1730.0 .
:
2002 227.4 , 5 .
2002 7
.

2002

6145.5

1062.9

1730.0

241.9

227.4


.
60 , 40 ,
.
6.

36 2002 37 .
//

www.zaluu.com
www.zaluu.com
2001

2002

37.0

38.0

30.0

28.0

/
/

2002
. 40
.

2001

2001

34.2

17.2

/ /

35
30
25
20

34.2

15

17.2

10
5
0
2001

2002

1990 2002
12206.5 . 1998
96 , 5
2 .

7.

1998

2002

6.2

12.2

www.zaluu.com
www.zaluu.com
2002 , ,
84.2 , 70
.

14
12
10
8

12.2

6
6.2

4
2
0
1998

2002

2001

2002

68.2

79

2.8

2.4

73.2

84.2

15.8
.
2002 79.3
.
/./

, , 366289.6

68.6

534148

2857783.7

78.4

3646153.6

1646404.6

83.8

1965372.6

www.zaluu.com
www.zaluu.com

4870477.9

79.3

6145674.2


, 68.6%,
78.4%, 83.8%- .


.

10 0.3
.
.
8. :
2003

.



. 100


,


.

, ,
.


.
1990 100 71.2
.

www.zaluu.com
www.zaluu.com
9.
,
.
2001

. /-1/

4.7 ,
8.9
.


.

.

1997

1998

1999

2000

2001

141500

181912

156855

158479

168669

24904

23243

18536

22173

9829

30766

47368

34564

25225

32925

775

816

761

790

1383

52040

50450

55640

50175

59818

2.3.3

:

.

www.zaluu.com
www.zaluu.com
.
4
.
1.
,
.
3
.

,
.

.

.
2. :

1997
.

2001

.

.
.
2003 .


. 2000 10 , 2001 6 ,
2002
.

.

www.zaluu.com
www.zaluu.com
2

.


.


.

.
,
.

/Life %/

/Non life %/

/Life %/

/Non life %/

1.83

1.28

5.19

5.94

6.44

23.74

17.80

19.01

69.88

66.48

30.28

29.31

16.99

0.30

33.41

21.77

4.86

8.19

13.32

23.98

100.0

100.0

100.0

100.0

/Life %/

/Non life %/

/Life %/

/Non life %/

3.98

4.83

6.71

5.32

5.79

12.85

63.68

33.77

www.zaluu.com
www.zaluu.com
3

12.03

15.63

25.73

53.73

61.63

47.75

1.31

2.47

16.56

18.95

2.57

4.70

100.0

100.0

100.0

100.0

/Life %/

/Non life %/

/Life %/

/Non life %/

69.02

n.a

6.06

n.a

6.06

80.51

n.a

8.77

19.49

2.08

n.a

4.68

28.90

n.a

74.44

100.0

100.0

100.0

100.0

/Life %/

/Non life %/

/Life %/

/Non life %/
1

5.23

0.64

3.40

2.96

5.96

1.61

3.82

0.20

81.60

94.58

100.0

100.0

www.zaluu.com
www.zaluu.com

100.0

100.0

100.0

100.0

/Life %/

/Non life %/

/Life %/

/Non life %/

2.79

3.10

4.31

3.78

2.20

5.48

14.48

7.88

49.85

5.24

13.95

10.22

10.56

29.05

24.44

6.03

34.60

57.14

42.81

72.09

100.0

100.0

100.0

100.0

/Life %/

/Non life %/

/Life %/

/Non life %/

13.01

14.41

8.41

7.40

27.21

24.99

29.11

18.43

30.82

34.76

26.90

15.97

21.28

3.93

15.53

2.86

7.69

21.91

20.05

55.34

100.0

100.0

100.0

100.0

www.zaluu.com
www.zaluu.com

/Life %/

/Non life %/

/Life %/

/Non life %/

0.63

4.85

8.29

11.39

9.45

42.41

25.70

32.27

60.52

31.60

11.52

1.60

34.26

1.40

17.88

19.53

31.75

54.95

100.0

100.0

100.0

100.0

/Life %/

/Non life %/

/Life %/

/Non life %/

n.a

n.a

11.49

16.31

n.a

n.a

9.22

3.96

n.a

n.a

25.17

5.46

n.a

n.a

54.11

74.27

n.a

n.a

100.0

100.0

100.0

100.0

/Life %/

/Non life %/

/Life %/

/Non life %/
1

5.23

0.64

3.40

2.96

5.96

1.61

3.82

0.20

81.60

94.58

100.0

100.0

www.zaluu.com
www.zaluu.com

100.0

100.0

100.0

100.0

/Life %/

/Non life %/

/Life %/

/Non life %/

2.79

3.10

4.31

3.78

2.20

5.48

14.48

7.88

49.85

5.24

13.95

10.22

10.56

29.05

24.44

6.03

34.60

57.14

42.81

72.09

100.0

100.0

100.0

100.0

/Life %/

/Non life %/

/Life %/

/Non life %/

13.01

14.41

8.41

7.40

27.21

24.99

29.11

18.43

30.82

34.76

26.90

15.97

21.28

3.93

15.53

2.86

7.69

21.91

20.05

55.34

100.0

100.0

100.0

100.0

www.zaluu.com
www.zaluu.com

/Life %/

/Non life %/

/Life %/

/Non life %/

0.63

4.85

8.29

11.39

9.45

42.41

25.70

32.27

60.52

31.60

11.52

1.60

34.26

1.40

17.88

19.53

31.75

54.95

100.0

100.0

100.0

100.0

/Life %/

/Non life %/

/Life %/

/Non life %/

n.a

n.a

11.49

16.31

n.a

n.a

9.22

3.96

n.a

n.a

25.17

5.46

n.a

n.a

54.11

74.27

n.a

n.a

100.0

100.0

100.0

100.0

*- ,
.
3.
.
2000-2004
.
:
1.
2.
3. ,
.

www.zaluu.com
www.zaluu.com


.
, 2003-2005
. :
1.


2. ,

3. , ,

4.

.



.
.
,

. 9-
11-


.

,

. ,

.
10
.

www.zaluu.com
www.zaluu.com

2001 /$ m/

2001/$ m/
1

Munich Re

9.104.9

21.989.2

American Re

2.810.1

12.506.4

Allianz

2.419.5

12.705.2

National Indemnity

2.410.0

********

Gerling Global Re

2.369.3

7.511.1

Hannover Re

1.774.4

6.503.2

Transatlantic Re

1.675.9

3.040.4

Scor

1.659.5

********

Chine Re

1.654.7

1.746.0

10

Swiss Re America

1.647.2

********

,
, .
, .
SWOT .
SWOT

( )

www.zaluu.com
www.zaluu.com

2.4

2.4.1 ,

4.870.5
814.0 20.1 ,
870.5 21.8 .
: /-/

.
318.0 , 245.3
, 563.3
116.7 26.2 , 63.4
4.4 .
2.4.2

. :
1.
2.
,



,

,

3.
,
,

www.zaluu.com
www.zaluu.com

4.
5.
2002 1.183.4
102.7 9.5
, 228.4 23.9
.

279.5 11.5
4.3 .
15.8 .
23.6
1.2 .
2001 ,
, , ,
2.0-4.0 , , ,
, 10.3-24.9 .
,

32.6
, , ,
, ,
,
1.2-6.1 .
2002
591.8 120.2
25.5 , 241.8 69.1 .

. 2002 187.3
,
62.4 .

, , ,
.

www.zaluu.com
www.zaluu.com

,
109.0 . ,
78.4
47.4 .
,
5 , .
, 2002 10 .
113.2
56.6


.

- .
2.4.3 ,

184.5
10.7 .
, 2002

23.1 11.2
.
226.0
43.1 24.0 , 23.5
12.0 .
30 2 ,
2 .
1,533.1 , 11.2
, 3,326.2
. 858.4
664.7 . 2001 -8

www.zaluu.com
www.zaluu.com
600.0
.
1,144.6 , 3,630.0
.
2002 3 ,
:
,
.


.
.
.

.


3.1

.

.

.

.

.

www.zaluu.com
www.zaluu.com
.

/ - 3 /

2002
. 27
200
.
.


.
:

.
.

:
1. :

.


.
.

www.zaluu.com
www.zaluu.com
2.

:


.

.

.

.

3. :





.
4. :
.



.




.


.
:
-

,
.

www.zaluu.com
www.zaluu.com
-

, .

,
.

I.


.

.

.



.
.
II. 60 %-
.
.


.
Transatlantic Munich Re Lloyd s Swiss Re .
.


.
.
.

.
.
. :

www.zaluu.com
www.zaluu.com
1 .

3.

2.

4.


.


.


.

.

.

.
.
.
/

20

120

30 2 45000

9000000

MN-25

10

60

1 2 30000

3000000

UBS TV

10

60

1 2 40000

4000000

20

240

115000

16000000

www.zaluu.com
www.zaluu.com
.


.

1999-2000 -

. 2001,
2002

.

.


.

.

25500

23600

24700

21800

15400

13500

28500

20700

. .

//

24

200000

4800000

150000

6000000

138000

3312000

30000

1080000

24

24

36

1/4

www.zaluu.com
www.zaluu.com
5

36

//

12

144

35000

1260000

553000

16452000


.


5
.

.
. .
/

100.5

1-60

4500

270000

102.5

1-60

4000

240000

107

1-60

4000

240000

107.5

1-60

4000

240000

1-40

7000

280000

280

280

23500

1270000

1120

1120

94000

5080000



.
.


.
.
/

120000

www.zaluu.com
www.zaluu.com
2

200000

320000

1280000

4 2 2
22-

. 2
. 4 4

.
.
/

800000

16000000

1171000

16452000

423333.3

5080000

320000

3840000

2714333.3

41372000






. 3 : 2000 16,503
2001 30,061 , 2002 34,089
.
120000
3 .

3*120000=360000

//,

360000*12=4320000 // .

www.zaluu.com
www.zaluu.com




.

.
.
1.

2.


60-75 .
10-40
.
3.




.

1999

2,894,248.8 3.041,028.6 4.771.550.3 4,854,576.1 6.464.375.0

2000

2001

2002

2003

14935124.3 16503841.6 3060767.2

34089441.5 41372000

0.51

0.70

0.54

0.63

0.64

www.zaluu.com
www.zaluu.com

0.75
.

.

.

:
226045495.27 40 % 90418198.1 . 40% -

10 % -
. :

2000

2001

2002

2001/2000

2002/2001

133455.3

182900.7

226045.5

136.7%

123.6%

30.15%
10% - 40% .
10
.
:
90418198.1-41372000=49046198.1 .
III.


19:
Y

2000

18 .
1,112

.
18

1,261
.

.


.
:

237
.

2001

2002

2003

2004

2005

2006

1,128
177

1,144
180

1,160
182

1,176
185

1,193
187

1,209
190

1,438
(206)

1,618
(379)

1,800
(487)

1,985
(594)

2,172
(698)

2,362
(802)

1,233

1,239

1,314

1,391

1,474

1,560

240

242

245

247

251

254

www.zaluu.com
www.zaluu.com

.
.

1,291
845.0

1,272
849.2

1,287
853.4

1,371
857.7

1,458
862.0

1,550
866.3

1,644
870.6

0.5

0.8

1.2

0.5

0.7

1.0

0.5

0.6

0.8

0.2

0.2
2.0

1.2

1.5

15,091.3

22,530.3

32,228.7

Y

, :

2004
971.2
147.2
40.6
33.8
72.8
1,118.4

2005
1,048.9
149.2
40.6
35.8
72.8
1,198.1

2006
1,132.8
153.4
40.6
40.0
72.8
1,286.2




, .

26:
YYY

2004
5,244.8
1,650.9
519.7
3,074.2

2005
5,718.7
1,800.1
566.6
3,352.0

2006
6,264.6
1,971.9
620.7
3,672.0

www.zaluu.com
www.zaluu.com




Y :



Y ()
Y
Y
()

/11-12/

1,844.5
1,229.7
971.2
258.5
147.2
40.6
33.8
72.8
111.3
500.0
260.0
351.3
115.5
235.8

2,011.2
1,340.8
1,048.9
291.9
149.2
40.6
35.8
72.8
142.7
500.0
260.0
382.7
128.1
254.6

2,203.2
1,468.8
1,132.8
336.0
153.4
40.6
40.0
72.8
182.6
500.0
260.0
422.6
144.0
278.6



,
,

.

,
.
,
.

.

,
. .
,
, .
, ,

www.zaluu.com
www.zaluu.com
.
,
.

.
5-10
.

.

.
,
.
,
.
,
.
- 0.5
. .

.

,

, ,
,
.

,
.

www.zaluu.com
www.zaluu.com

.
:
.

.
,

.
, ,

, .
1997
.


,
. 5 24 .
,
,
.


,

.


, ,
,
. :
, , .
: ,
, .

www.zaluu.com
www.zaluu.com

.
, ,
. ,
. :
.
,
,
.
, ,

.

.
, ,
.


.
. ,
, ,
,
,
.


.


. ,

.

www.zaluu.com
www.zaluu.com

.
:
1.
2. /
/
3.


4.
5.
6.

7. /
,, /

www.zaluu.com
www.zaluu.com

11/24/1934

7825.4

1991

3
4

1036.7

33

240

273

286.2

100.0

22

28

7/16/97

470.1

102.0

8/15/97

386.5

100.0

2/2/96

447.1

100.3

12

14

2/2/96

379.0

147.7

12

3/1/94

518.2

104.4

7/17/96

295.8

100.0

11

3/12/99

751.3

400.0

10

www.zaluu.com
www.zaluu.com
10

6/10/00

127.0

127.0

6/25/00

87.0

101.5

12

4/25/01

139.3

111.0

13

8/31/01

154.1

100.2

18

22

14

2/19/02

95.3

100.0

11

18

15

6/24/02

120.6

100.0

6/24/02

123.5

100.0

4/29/03

100.0

4/29/03

100.0

12206.5

3130.8

124

300

424


11

16

17

18


1. 1997
2.

2001

3.
4.
4

2001

.
5. .

2002

1997

6. ., .

7. .

8. .

2000

www.zaluu.com
www.zaluu.com

9.
10. Mark R.Green Jammes S6 Trieschmant Risk insurance
11.
12. .

13. .

14. .

15.
2003
:
1) http://www.insurancewindow.net
2) http://www.re-world.com
3) http://www.Lloydsoflondon.com
4) http://www.reactionsnet.com
5) http://www. Insurance.com

You might also like