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
Test of sensitivity of the profit or loss to an above-average number and amount of large-scale and mass losses for
2008 and 2009
Contract year 2009
(in EUR thousand)
Sum of simulated
gross claims
Change in
net premium
Change in
net losses
Change
in net
reserves
Effect of change
to profit
Total proportional reinsurance - - 1,080 - (1,080)
Risk XL reinsurance of fires - (31) (120) - 89
Risk XL technical reinsurance - (58) (240) - 182
Cat XL property reinsurance excl.
vehicle insurance - (1,123) 836 - (1,960)
Cat XL reinsurance annual agregate - - (1,000) - 1,000
Total fire and technical insurance 15,761 (1,212) 556 - (1,769)
XL reinsurance of auto liability and
green card - - 925 925 (1,850)
XL reinsurance of comprehensive
auto insurance - - - - -
Cat XL property reinsurance - vehicle
insurance - (221) 164 - (385)
Total auto insurance 21,539 (221) 1,089 925 (2,235)
Total 37,300 (1,433) 1,645 925 (3,995)
Contract year 2008
(in EUR thousand)
Sum of simulated
gross claims
Change in
net premium
Change in
net losses
Change in
net
reserves
Effect of change
to profit
Total proportional reinsurance - - 4,534 - (4,534)
Risk XL reinsurance of fires - (27) (120) - 93
Risk XL technical reinsurance - (117) (240) - 124
Cat XL property reinsurance excl.
vehicle insurance
-
(520) (2,959) - 2,439
Total fire and technical insurance 11,718 (664) 1,215 - (1,879)
XL reinsurance of auto liability and
green card
-
- 725 725 (1,450)
XL reinsurance of comprehensive
auto insurance
-
- - - -
Cat XL property reinsurance -
vehicle insurance
-
(111) 105 - (216)
Total auto insurance 21,234 (111) 830 725 (1,666)
Skupaj 32,952 (774) 2,045 725 (3,544)
The two tables above show the effect of claims listed bellow, on the profit or loss reported in 2008 and 2009 having actual
reinsurance protection in 2008 and 2009:
- Fire loss in the amount of EUR 800,000, which was the subject of quota and Fire Risk XL reinsurance.
- Installation loss in the amount of EUR 8,000,000, which was the subject of surplus (95.00%), quota and technical
Risk XL reinsurance.
- Loss as a result of storms in the amount of EUR 5,652,000 where the smaller portion was reinsured, while the
remaining portion was covered under quota and property Cat XL reinsurance serving to provide coverage in case of
catastrophic losses.
- Claims from motor vehicle liability insurance in the amount of EUR 250,000, 750,000, 1,500,000, 3,000,000 and
15,000,000.
Note: as regards losses under motor vehicle liability, the assumption made is to retain 50% of simulated losses in provisions
for claims, whereas for all other simulated losses we have assumed making payments over the course of the year.
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