The Group KD Group and KD Group dd

The Group KD Group Annual Report 2009
Notes to Consolidated Financial Statements as at and for the year ended 31 December 2009
the insurance coverage period. During the coverage period under a mixed life insurance contract, the Group guarantees the
payment of the insured sum in the event of death or maturity.
With a view towards managing the Group’s exposure to insurance risk, the management has concluded a reinsurance
contract, transferring a part of the insurance risk onto the reinsurer.
The following table represents the dispersal of the insurance portfolio and exposure to large insurers.
Share of the largest insured in the joint insurance portfolio:
(in EUR) 2009
Total premium
of the largest 10
clients
Share in total
premium
Total premium of
the largest 100
clients
Share in total
premium
Life insurance 41,192 0.20% 211,265 1.02%
Unit-linked insurance 630,256 0.61% 2,317,908 3.30%
Property and health insurance 17,967,054 7.57% 31,457,854 13.26%
Total 18,438,502 33,987,027
(in EUR) 2008
Total premium
of the largest 10
clients
Share in total
premium
Total premium of
the largest 100
clients
Share in total
premium
Life insurance 36,664 0.46% 194,245 2.44%
Unit-linked insurance 343,860 0.56% 1,623,822 2.62%
Property and health insurance 18,544,000 7.71% 32,118,000 13.36%
Total 18,924,524 33,936,067
Considering the fact that their share is relatively small in comparison with the overall portfolio, we can deduce that the Group’s
portfolio is sufficiently diversified and that it is not overly exposed to a few large clients.
In the property insurance segment, the risks to which the Group is exposed vary depending on the industry in which the
insured is active. The table below shows the concentration of liabilities from property insurance by industry in which the
insured is active. The maximum loss (maximum sum insured) shown is categorised by size into three categories.
Concentration of the obligations arising from property insurance by industry at 31 December 2009
2009 up to EUR 300,000 EUR 300,000 to EUR 1,000,000 more than EUR 1,000,000
Without With Without With Without With
reinsurance reinsurance reinsurance reinsurance reinsurance reinsurance
Building risks 31,300,309 29,034,541 40,225,365 10,108,332 451,777,613 295,789,880
Industrial risks 493,425,127 430,258,967 574,454,403 495,735,619 3,018,146,248 1,200,326,028
Commercial risk 3,062,329,653 2,651,300,416 1,701,254,664 1,500,276,352 6,004,855,327 2,686,270,666
Residential risks 5,881,968,324 5,383,250,336 459,985,246 411,253,262 2,657,343 1,080,000
Total 9,469,023,413 8,493,844,259 2,775,919,677 2,417,373,563 9,477,436,531 4,183,466,574
Concentration of the obligations arising from property insurance by industry at 31 December 2008
2008 up to EUR 300,000 EUR 300,000 to EUR 1,000,000 more than EUR 1,000,000
Without With Without With Without With
reinsurance reinsurance reinsurance reinsurance reinsurance reinsurance
Building risks 32,833 29,550 36,975 9,705 447,091 301,087
Industrial risks 493,395 444,056 574,454 495,736 2,969,253 1,165,326
Commercial risk 2,956,592 2,660,932 1,710,413 1,511,119 6,121,183 2,688,271
Residential risks 5,930,560 5,337,504 455,885 406,375 2,657 1,080
Total 9,413,380 8,472,042 2,777,728 2,422,934 9,540,185 4,155,764
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