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Yeni Bir Sigortacılık Modeli: Kooperatif Sigortacılığı - 24 Nisan 2014
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ISTANBULAPRIL 24TH 2014
(MOGENS N. SKOV)
• My own background
• The origin of mutual insurance in Denmark
• A little about Købstædernes Forsikring
• Mutuality in Denmark
• Some personal observations
• Skybrud i København den 2. juli 2011– Konsekvenser for Købstædernes Forsikring
• Femtidens vejr– Fra en forsikringsmands synsvinkel
Istanbul April 24th 2014
WHAT WILL I TELL YOU ?
WHO AM I?
• Started in insurance in 1976• International reinsurance
1981-1985• 1985- 1989 management
consulting• 1989 - 1997 international (re-)
insurance• Board member of Ege-Baltica
Sigorta, Izmir• 1997 – 2014 President/CEO at
Købstædernes Forsikring• 2014 – professionel
boardmember• 1990 onwards + 30 boards• AISAM/AMICE/ICMIF
Istanbul April 24th 2014
THE ORIGIN
• City of Copenhagen is on fire in 1728
• The insurance company Copenhagen Fire is established
• The insurance company Købstædernes Forsikring is established on January 13th 1761
Istanbul April 24th 2014
VERY SIMPLE BUSINESS MODEL
Insuring buildings outside of Copenhagen against fire
Istanbul April 24th 2014
Development
• Monopoly from 1761
• Split to create Alm Brand in 1792 (farm houses)
• Monopoly ends 1972
• Cooperation with Baltica
• A multi-line insurance company in 2000
Istanbul April 24th 2014
MARKET SHARE – COMMERCIAL PROPERTY
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
TrygVesta Alm Brand
Topdanmark
Codan
Gjensidige (X) Købstædernes
Alka
Dong insurance
Danske forsikring
Premium -
000's
Istanbul April 24th 2014
MUTUALITY – COOPERATIVES IN DENMARK
• Hjedding Andelsmejeri 1882
• Start of the mutual/cooperative era in Denmark
• Insurance companies
Istanbul April 24th 2014
MUTUALITY IN DENMARK
• Equal legislation for mutuals/cooperatives and plc´s apart from EURO 130,000 tax deductible
Istanbul April 24th 2014
SOME PERSONAL OBSERVATIONS
Istanbul April 24th 2014
THANK YOU FOR YOUR
PATIENCE!