of companies’ own retention under reinsurance contracts, i.e. what part of the risk the insurer keeps for itself, and what part it transfers to the reinsurer. Currently, there are greece telegram data no requirements for the size or share that insurers must keep for themselves, transferring the risk to RNPK for reinsurance. We would not like to do this regulatoryally, at least at the moment. Moreover, as a regulator, we do not need this. But this task is very relevant for RNPK. I am talking about the proportionality of risks that insurers leave on their balance sheets.
If we are talking about the need to reinsure
A risk of hundreds of billions of rubles, then it is clear. None of the insurers in the country has the ability to leave a significant share of such a huge risk. On their own simply physically. The size of the insurer’s own retention in such a case will some part of a percent. If the cost the role of sms marketing campaigns in cross-selling and upselling of the risk is estimated at 10 billion rubles. Talking about the advisability of leaving hundredths of a percent of the risk on their balance sheet is too much.
Defining clear approaches to the issue
Of own retention is effective risk management on. The part of the reinsurer, who, as far as I understand, is quite interested. The insurer having high-quality risk management and high-quality underwriting “on hand”. If the insurer has not noticed something and an insurance event occurs, he himself will significantly participate in the loss, and this is fair. Such an approach should stimulate ao lists insurers to increase capital in order to be able to insure (and subsequently reinsure) larger risks. On the other hand, the issue of own retention should not turn into a tool of pressure by large market participants on smaller ones.
