Ingosstrakh


IPJSC Ingosstrakh is one of the major insurance companies of Russia, insurance public joint-stock company. Headquartered in Moscow, Russia.
Ingosstrakh is the legal successor of the Chief Agency of Foreign Insurance of the USSR founded in 1947. In 1972 transformed to the stock company and in 1992 it went private.
Licenses to provide all types of insurance and reinsurance specified in the Russian Federation Law on Insurance in the Russian Federation allow the company to provide comprehensive protection of financial interests of its clients. The company's reinsurance partners include Russian National Reinsurance Company and leading international companies: Allianz, AXA, Caisse centrale de réassurance, Gen Re, Hannover Re, Lloyd's syndicates, Munich Re, Partner Re, QBE, SCOR, Swiss Re, Transatlantic Re, XL Re etc.
Ingosstrakh's services are available everywhere in the Russian Federation thanks to its wide regional network, which includes 83 branches. The Company's offices operate in 220 Russian cities.
The first subsidiary foreign companies were established in London in 1924 – Blackbalsea and in Hamburg in 1927.
Moreover, Ingosstrakh holds shares in companies operating in the CIS and foreign countries. INGO international insurance group includes the companies in which Ingosstrakh holds at least a 50% share. Currently 4 companies abroad and 8 companies within Russian Federation are members of INGO.
Four representative offices of Ingosstrakh operate in the foreign countries – Azerbaijan, Kazakhstan, India and China.
In 2007, PPF Beta Ltd, managed by the Czech group PPF Investments, became one of the owners of Ingosstrakh. In January 2007 the PPF Group together with the large global insurer Generali created the holding company Generali PPF Holding to develop the insurance operations in the countries of Eastern and Central Europe. All PPF insurance assets in Russia were transferred to this holding, including a stake in Ingosstrakh. In January 2013, the insurance business was split between PPF and Generali, according to the terms of the transaction, the holding's share in Ingosstrakh was transferred to the Italian insurance group.

Company history

Good business standing of Ingosstrakh was confirmed by the International rating agency Standard & Poor's: the Ingosstrakh long-term credit rating of the contractor and the financial strength rating is at the level "BBB-", national scale rating is "ruAA+", rating forecast is "Stable". The Russian rating agency Expert RA reaffirmed Ingosstrakh's highest financial stability rating at A++. For the first time the insurer received such rating in 2002.