RNPK Russian National Reinsurance Company

As of May 2019, reinsurance is the main activity.

Performance indicators

2023: Share growth in the Russian reinsurance market from 63% to 72%

The share of RNPK in the Russian reinsurance market 2023 for the year increased from 63% to 72%. This was announced by the "daughter" of the Bank of Russia on April 18, 2024.

As Interfax reports with reference to the head of the Russian National Reinsurance Company Natalya Karpova, in 2023 the share of domestic insurers in the Russian reinsurance market increased, amounting to 24%. In 2021, the indicator was measured at 19%. Thus, the increase in the role of RNPK in the Russian market did not lead to a narrowing of the domestic reinsurance market in relative indicators, the company emphasized.

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According to the materials of the Central Bank of the Russian Federation, taking into account OSAGO (insurers transfer part of the premiums to a separate reinsurance pool), the total share of RNPK in the risks transmitted within Russia in 2023 decreased to 54% from 65% in 2022.

Market participants interviewed by Vedomosti estimate the share of RNPK at 80-90% in risks transferred to reinsurance. This value coincides with the volume of contributions (86%), which until 2022 was transferred to unfriendly reinsurers by Russian players, the newspaper said.

The volume of insurance premiums of the RNPK for incoming reinsurance decreased by 13%, to 88 billion rubles, Kommersant calculated. At the same time, the total amount of fees increased by 4% and reached 164 billion rubles. The share of the "daughter" of the Central Bank was 53%. At the same time, premiums of other major players in the market increased. In particular, SOGAZ fees more than doubled, to 10.4 billion rubles, VSK - by 43%, to 9.7 billion rubles, RESO-Garantia - by 29%, to 8.3 billion rubles.

Natalya Karpova noted that in 2023 only about 4% of the volume of transferred premiums were placed on foreign markets, while in 2021 this value was 72%, and the adjusted estimate of 2022 was about 21%.^[1]

Notes