Ingosstrakh Insurance and Financial Services Overview

Ingosstrakh Insurance and Financial Services is a leading Russian company that offers a wide range of insurance products and financial services to individuals and businesses.

With over 70 years of experience, Ingosstrakh has established itself as a trusted brand in the Russian market, providing services to millions of customers across the country.

Ingosstrakh's insurance portfolio includes life, health, property, and casualty insurance, as well as specialized insurance products for businesses and individuals.

The company's financial services include investment products, pension plans, and banking services.

Ingosstrakh's financial stability has been consistently rated high by reputable agencies. The company's long-term credit rating from Standard & Poor's is "BBB−" on the national scale.

Expert RA, a Russian rating agency, has also given Ingosstrakh its highest financial stability rating of A++. This rating was first achieved by the insurer in 2002.

The rating forecast from Standard & Poor's is "Stable", indicating a consistent level of performance and financial strength.

Ingosstrakh's good business standing has been recognized by several rating agencies.

The International rating agency Standard & Poor's has given Ingosstrakh a long-term credit rating of "BBB−" and a financial strength rating of "BBB−" on a national scale, with a rating forecast of "Stable".

The Russian rating agency Expert RA has reaffirmed Ingosstrakh's highest financial stability rating at A++.

The latest insurance news has been quite interesting lately.

AIG has announced a significant increase in its insurance premiums, with some policies rising by as much as 20%.

This move is likely a response to the company's growing losses in the past few years, including a $15 billion loss in 2020.

In other news, a new study has found that 75% of drivers are unaware of the impact of their credit score on their car insurance premiums.

Meanwhile, the UK's Financial Conduct Authority has introduced new rules requiring insurance companies to provide clearer explanations of their policies to customers.

Insurance companies are also being forced to disclose the percentage of their profits that go towards paying out claims, with some companies revealing as little as 20% of their profits go towards payouts.

The new rules are aimed at increasing transparency and helping customers make more informed decisions about their insurance policies.

Ingosstrakh Insurance offers a comprehensive range of insurance products for both individual and corporate clients.

Their insurance products cover various sectors, including vehicle, property, health, travel, and life insurance.

This means you can find a policy that suits your specific needs, whether personal or professional.

Ingosstrakh also provides reinsurance services, which adds an extra layer of protection for their clients.

Ingosstrakh Insurance is a major insurance provider operating in various sectors, including vehicle, property, health, travel, and life insurance.

They offer a comprehensive range of insurance products for both individual and corporate clients, ensuring financial protection against a multitude of risks.

Ingosstrakh also provides reinsurance services, which is a vital aspect of the insurance industry.

Their wide network of partnerships with leading international insurance companies gives them a global reach and expertise.

Ingosstrakh is based in Moscow, Russian Federation, which is a significant hub for business and finance in the region.

Multiline Insurance provides a comprehensive coverage for various types of risks, including property, liability, and workers' compensation.

This type of insurance is often required for businesses that operate in multiple locations or have a diverse range of operations.

Multiline insurance can be customized to fit the specific needs of a business, allowing it to cover a wide range of risks under one policy.

A good example of this is a company that owns multiple buildings, has employees, and also sells products to customers, which would require a multiline insurance policy that covers property damage, workers' compensation, and liability.

This can help simplify the insurance process and reduce costs, as a single policy can replace multiple individual policies.

Businesses with multiple locations or operations can benefit from the convenience and cost-effectiveness of multiline insurance.

Ingosstrakh's management team is led by Chairman Oleg Samuilovich Vikhanskiy, who has been in the role since 2013. He is 79 years old.

The company has a total of 9 members on its board, with Director/Board Members making up the majority. These members include Aleksandr Valeryevich Grigorev, Valery Aleksandrovich Khokhlov, Giorgio Callegari, Paolo Scaroni, Viktor Leonidovich Khvorostyan, Luciano Cirinà, Andrey Anosov, and Aleksey Anatolevich Sokolov.

The board members have a range of ages, with the youngest being 59-year-old Luciano Cirinà and the oldest being 79-year-old Oleg Samuilovich Vikhanskiy.

Ingosstrakh's company history is a long and storied one, filled with significant milestones that have shaped the company into what it is today.

The company was established on November 16, 1947, when the Council of Ministers of the USSR signed a decree to create the Agency of Foreign Insurance of USSR (Ingosstrakh) as part of the Agency of Foreign Operations (UINO) of Gosstrakh of USSR.

This was followed by the approval of the "Regulation on the Agency of Foreign Insurance of USSR (Ingosstrakh)" by the decree of the Council of Ministers of the USSR on June 2, 1948.

In 1972, Ingosstrakh gained the status of a Chief Agency of Foreign Insurance of USSR, allowing it to operate abroad and at home as well as a joint-stock insurance company.

Here are some key dates in Ingosstrakh's company history:

These milestones have helped shape Ingosstrakh into the company it is today, with a strong reputation and commitment to excellence.

At Ingosstrakh SPAO, the top management team is led by CEO Konstantin Borisovich Sokolov, who has been in the position since November 24, 2019.

The team is rounded out by CTO Aleksey Sergeyevich Klepikov, who has been with the company since March 31, 2017.

Aleksandr Vladimirovich Goglenkov serves as a Corporate Officer/Principal, a role he has held since December 31, 2007.

Vadim Anatolyevich Korovin is the Comptroller/Controller/Auditor, a position he has held since December 31, 2008.

Here's a breakdown of the top management team:

The team is known for their experience, with an average tenure of over 10 years.

Ingosstrakh is one of the largest insurance companies in Russia, with a long history dating back to 1987. It was founded as a result of the reorganization of the State Insurance Company.

Ingosstrakh operates in a highly regulated industry, with the Russian government playing a significant role in shaping the company's policies and operations. Ingosstrakh has been licensed by the Central Bank of Russia since 1993.

The company's growth and development have been influenced by various regulatory changes over the years, including the introduction of the Law on Insurance in 1992. This law established the framework for the insurance industry in Russia.

Ingosstrakh has been actively involved in the development of the Russian insurance market, participating in the creation of industry associations and standards. The company has also been a pioneer in introducing new insurance products and services in Russia.