Open Joint Stock Insurance Company (IJSC) Ingosstrakh has operated in the international and domestic markets since 1947. Over the period of its existence, Ingosstrakh has grown from a modestly sized administrative division of the USSR Ministry of Finance into a large insurer operating in the territory of the Russian Federation, having a broad network of regional branches. Today, it is a universal federal-scale insurer and leader in the Russian insurance market both in terms of the size of collected premiums, the amount of actual insurance compensations made and by the key balance sheet parameters.
Ingosstrakh’s outstanding business reputation is validated by the Standard & Poor’s International Agency which assigned BBB- financial stability and credit contractor ratings to the company, outlook stable. Ingosstrakh’s Russian scale rating is as high as ruAA+. Expert RA, a Russian rating agency, has once again assigned to Ingosstrakh the highest A++ rating after obtaining the first such rating from the Agency back in 2002.
While retaining its leadership in the domestic insurance market throughout its years of operation, Ingosstrakh has succeeded in establishing firm relationships with the client and has won the trust of millions of private clients and tens of thousands of corporations. Today, the insurer’s clients are large industrial corporations, international traders, transport and wholesale & retail companies, banks, and branches of transnational organizations. The majority of the foregoing have cooperated with Ingosstrakh for years. The insurance company offers a full spectrum of insurance services. Comprehensive insurance protection of the clients’ financial interests is provided on the basis of licenses covering the whole scope of insurance services stipulated in the RF Law on Insurance Business in the Russian Federation and relevant federal-level provisions on reinsurance. Hence, both private and corporate clients can insure their property, third-party liability, their reputation and many other aspects of operation.
Ingosstrakh IJSC undertakes to compensate total possible losses thanks to its financial stability, large equity base and reliable reinsurance programs. Among its reinsurance partners there are leading international companies AIG, Allianz, AXA, CCR, Gen Re, Hannover Re, syndicates Lloyd's, Munich Re, Partner Re, QBE, SCOR, Swiss Re, Transatlantic Re, XL Re, etc.
The services of Ingosstrakh are available throughout the territory of the Russian Federation due to a robust regional network of 83 branches. Offices of the company operate in 221 Russian cities. Moreover, the companies with Ingosstrakh’s equity participation operate in the markets of the CIS and foreign countries. International insurance group INGO integrates the insurance companies where Ingosstrakh controls in excess of 50% equity. Today, the members of INGO Group include 8 companies operating abroad and 9 companies operating in the domestic market.
Ingosstrakh has six representative offices in the CIS countries and foreign states. The company’s offices operate in Azerbaijan, Kazakhstan, Uzbekistan, Ukraine, India and China.
Ingosstrakh plays a notable role in the Russian insurance community as a permanent member of a number of Russian associations of insurance companies and an active participant in the development of legal initiatives aimed at improving the national legal framework in insurance. The company is a member of a number of professional associations and pools.
Please visit our website: www.ingos.ru