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Backup: Primary insurance
Key figures primary insurance
Overview
Munich Re Group
Primary insurance1 2007 2006 2005 2004 2003
Gross premiums written €bn 17.3 16.7 17.6 17.5 17.6
Investments €bn 109.3 107.4 105.9 115.0 108.3
Net technical provisions €bn 97.0 94.3 2 90.8 2 96.1 91.0
Reserve ratio property-casualty % 121.4 124.9 113.1 116.8 114.5
Combined ratio property-casualty % 93.4 90.8 93.1 93.0 96.4
ERGO – Gross premiums written 2007 by region ERGO – New business 2007 by distribution channels
% %
Turkey
2%
Poland
3%
Belgium
4%
Spain
3%
RRest t of f WWorld ld
7%
Ti Tied d agents t
47%
Italy
Germany Other
3%
78% 2%
1 Before elimination of intra-Group transactions across segments.
2 Adjusted pursuant to IAS 8.
Backup: Primary insurance
Primary insurance property-casualty
Attractive business mix focusing on personal lines
ERGO 2007 – Gross premiums written
Other
Motor
6.5%
21.0%
Legal expenses
14.6%
Liability
14.9%
Fire
Personal accident
17.8%
25.2%
German personal accident market 2007 1
Market share in %
26.9
12.9
7.7
Allianz ERGO AMB
Generali
8.2
R+V Public
insurers
6.2 4.7
33.4
Axa Other
1 Includes pure risk policies as well as policies with premium refunds;
ERGO's (Allianz's) share of pure risk policies: 90.3% (36.1%).
Sources: Annual reports 2007, GDV year-end statistics (status 08/2008).
Di Directt
10%
Broker
20%
Banks
21%
German market 2007 – Gross premiums written
Other
Motor
13.3%
35.4%
Legal expenses
5.5%
Liability
13.7%
Fire
Personal accident
21.7%
10.4%
Key considerations personal accident
Demands active sales process
Portfolio with high degree of stability
Low capital requirements
Munich Re Group – October 2008
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Munich Re Group – October 2008
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