1. Changes in the insurance business during the year 2011 Akhmarova Malika

2. Consequences of the natural disaster on Insurance Impact on the leading insurance company New European regulation Conclusion Overview

3. Earthquake + tsunami => impact on personal insurance Damaged nuclear power plant: no cover Natural disaster in Japan

4. Total damage: 25 trillion yen A series of worldwide disaster: negative impact on global insurance Impact oninsurance

5. Reinsurers able to capitalize Views of two analyst Vision of analyst

6. Previously paid premiums=> greater affect on future prices Graeme Trudgill: “ If the reinsurance rates increase, it isn’t sure that the global insurance premiums will be affected”. General insurancemarket

7. 2011: ‘challange” Profit 43 % Richard Ward: too early to predict increase of premiums Despite claims: Revenues from premiums higher than payments from insurers LIoyd

8. Solvency II comes into play in 2013 Better protection for policyholders The newEuropeandirective

9. Natural disaster: influence on premiums increase in the future Affect premiums over the world Conclusion