Ratings and rankings

RATINGS

2001

On August 31, 2001 the National Rating Agency Expert RA assigned the Russian Insurance Centre an “A” rating (high level of reliability).

2002

In the spring of 2002, the Russian Insurance Centre witnessed a number of corporate events that affected its reliability and needed to be accounted for. Therefore, the National Rating Agency Expert RA carried out additional work to assess its financial status and determine the level of the company’s financial solvency. As a result of the analysis, the Russian Insurance Centre was assigned an “А+” rating (high level of reliability, forecast – stable).

 

2003

In January of 2003 the National Rating Agency Expert RA confirmed the reliability rating of the Russian Insurance Centre. As a result of this appraisal of the company’s financial solvency and stability, the company retained an “А+” rating (high level with stable prospects).

As of the end of 2003 the considerable increase in the company’s financial indicators enabled it to enter the second (large) size class of the largest Russian insurance companies. For instance, because of the considerable growth in the number of clients the company collected a total of 922,261 thousand RUR in insurance premiums for voluntary types of insurance. This provided an increase in collected insurance premiums of 69%. The level of settled claims for voluntary insurance was 11.1%. The company booked a net profit totaling 20740 thousand RUR.

These results enabled the Russian Insurance Centre to become one of the 20 most rapidly developing Russian companies. The Russian Insurance Centre has traditionally been among the top 10 companies for Cargo insurance. It took 8th place. The company also finished 8th in the rating of leading companies for aviation risk insurance.

The Russian Insurance Centre took 2nd place in the rating of leading companies for water transportation insurance.

2004

The Russian Insurance Centre is still among the largest Russian insurance companies and exhibits rapidly growing financial indicators. The successful work of the Russian Insurance Centre is confirmed with a National Rating Agency Expert RA rating of “A+”, which signifies a high level of reliability with a stable forecast.

2005

The company is still among the largest Russian insurance companies and exhibits rapidly growing financial indicators and a confirmed National Rating Agency Expert RA rating of “A+” which signifies a high level of reliability with a stable forecast.

2006

In July of 2006 Fitch Ratings announced that the Russian Insurance Centre had been assigned a rating of “B” on the international scale and a rating of ВВВ-(rus) on the national scale. The forecast was stable for both of the assigned ratings.

The assigned ratings reflect adequate capitalization of the company as well as stable indicators of profitability based on the insignificant volumes of settled claims for the insurance of risks involving the operations of the Russian military industry and rocket and space industry. The assigned ratings also reflect the strong positions that the Russian Insurance Centre took in the market for providing insurance services to the Russian military and space industries. Fitch Ratings concluded that the company had accumulated great experience in this segment of the insurance market.

As of today, only six Russian insurers (including two reinsurance companies) have announced their ratings assigned by international rating agencies. The Russian Insurance Centre became the fourth Russian insurance company of those that do not limit their activities only to reinsurance to announce its assigned international and national ratings. The ratings were assigned after the first application of the company to the rating agency. It took the company about 3 months to prepare for and go through the procedure of rating assignment.

The assignment of these ratings enabled the Russian Insurance Centre to considerably improve its operations in major areas in which the company holds sustainable leading positions – insurance for Russian technical military cooperation as well as the enterprises of the Russian military, rocket and space industry. The assignment of the ratings also strengthens the position of the company in its international cooperation with the world insurance and reinsurance market as well as with international insurers that the Russian Insurance Centre interacts with. This includes major insurance companies of countries that are partners of Russia in military and research-and-development cooperation and space exploration. These countries are primarily China, India, and Uzbekistan as well as Brazil, Malaysia, the United Arab Emirates, Kazakhstan and others.

In preparation for the rating procedure, Russian Insurance Centre experts worked intensively to analyze internal regulations and management procedures. After the ratings were assigned, the company developed plans and set objectives for improving all aspects of its operations in order to increase assigned ratings in the future. The recommendations of Fitch Ratings to diversify its client portfolio were incorporated into the company’s strategic development plans. These envision more active cooperation with high-technology companies in the market for traditional corporate insurance.

According to the National Rating Agency Expert RA, the Russian Insurance Centre has a rating of “А+” (high level of reliability with a stable forecast).

RANKINGS

• 2005
2006

Aggregate Rankings of the Russian Insurance Centre for 2005

# Type of insurance Premiums, thousand RUR Claims, thousand RUR Number of contracts Increase in premiums as compared
with 2004, %
Place of Russian Insurance Centre
1. Insurance of space risks (including liability insurance) 123600,9 0 36 -28,0 2
2. Professional liability insurance 34948,79 0 112 2187,2 4
3. Aviation risk insurance (including liability insurance) 92944,59 0 93 157,3 9
4. Liability insurance for enterprises – sources of special danger 53768,50 0 126 -32,3 10
5. Transportation carrier liability insurance 14417,55 0 78 9,2 11
6. Construction all risks insurance (including liability insurance) 101133,08 0 48 -77,0 11
7. Cargo insurance 291711,89 99,35 1165 29,9 12
8. Water transportation insurance (including liability insurance) 28637,33 0 6 -30,7 14
9. Accident and health insurance 143552,00 32,83 2549 427,1 19
10. Insurance of legal entities’ property from fire and other risks 346716,19 5872,06 268 35,4 24
11. Voluntary medical insurance 63046,00 70624,03 324 -18,7 39

According to National Rating Agency Expert RA

Space risk insurance (including liability insurance)

Place Company City Premiums, thousand RUR Premiums, million USD Claims, thousand RUR Number of contracts Increase in premiums as compared with 2004, %
1 Ingosstrakh Moscow 1263687,6   0 27 38,0
2 Russian Insurance Centre Moscow 123600,9   0 36 -28,0
3 SOGAZ Group Moscow 96418,0   0 32 52545,0
4 Insurance House VSK Moscow 44329,3   244,34 23 67,8
5 Priroda Moscow 4075,0   0 1 -85,3

According to National Rating Agency Expert RA

Professional liability insurance

Place Company City Premiums, thousand RUR Premiums, million USD Claims, thousand RUR Number of contracts Increase in premiums as compared with 2004, %
1 ROSNO Moscow 264877,00   630,00 3538 94,9
2 Ingosstrakh Moscow 189132,00   265,00 201 136,0
3 Insurance House VSK Moscow 63108,70   5075,90 15294 10,4
4 Russian Insurance Centre Moscow 34948,79   0 112 2187,2
5 Priroda Moscow 30486,00   0 76 -51,9

According to National Rating Agency Expert RA

Liability insurance for enterprises – sources of special danger

Place Company City Premiums, thousand RUR Premiums, million USD Claims, thousand RUR Number of contracts Increase in premiums as compared with 2004, %
1 MAKS Moscow 621649,00   20,00 1753 22,8
2 SOGAZ Group Moscow 320817,35   16213,16 2669 17,0
3 RESO-Garantiya Moscow 297425,00   23329,00 2023 561,9
4 Rosgosstrakh Group of Companies - 103505,00   485,00 22780 28,4
5 National Insurance Group Dolgoprudniy 72328,00   0 583 256,6
6 Captial Group - 68667,57   44699,95 н.д. -3,2
7 Surgutneftegaz Surgut 65484,00   27115,00 24 -1,1
8 Insurance House VSK Moscow 59395,63   178,93 7913 25,9
9 Ingosstrakh Moscow 59335,00   1242,00 0 77,3
10 Russian Insurance Centre Moscow 53768,50   0 126 -32,3

According to National Rating Agency Expert RA

Water transportation insurance (including liability insurance)

Place Company City Premiums, thousand RUR Premiums, million USD. Claims, thousand RUR Number of contracts Increase in premiums as compared with 2004, %
1 Ingosstrakh Moscow 1522528,77   580070,97 1500 22,2
2 Insurance House VSK Moscow 322429,02   117678,71 1057 58,4
3 Soglasie Moscow 212395,97   36026,52 610 1,9
4 UralSib Group Moscow 210024,00   24783,00 378 32,5
5 SOGAZ Group Moscow 208832,36   53921,39 501 14,2
6 Renaissance Insurance - 152071,00   26071,00 400 72,5
7 Scandinavia Saint Petersburg 111971,64   75800,50 814 -19,2
8 Alfa Insurance Moscow 96745,00   35880,00 574 82,7
9 Rosgosstrakh Group of Companies - 61852,00   18284,00 630 52,9
10 Russkiy Mir Saint Petersburg 53305,29   18104,32 186 0,4
11 Captial Group - 46008,36   3264,17 н.д. 5,4
12 Rossiya Moscow 45527,00   136,00 96 997,5
13 ROSNO Moscow 42657,00   5939,00 235 -25,1
14 Russian Insurance Centre Moscow 28637,33   0 6 -30,7
15 RESO-Garantiya Moscow 24425,00   5014,00 74 15,5

According to National Rating Agency Expert RA

Cargo carrier insurance

Place Company City Premiums, thousand RUR Premiums, million USD Claims, thousand RUR Number of contracts Increase in premiums as compared with 2004, %
1 Ingosstrakh Moscow 271760,60   25715,03 551 25,0
2 ROSNO Moscow 244129,00   15109,00 3534 37,3
3 SOGAZ Group Moscow 189668,28   16953,64 301 504,8
4 Spasskie Vorota Moscow 55868,50   6,10 481 137,0
5 NASTA Moscow 49342,00   6231,00 115 -9,4
6 ZhASO Moscow 25352,00   904,00 74 5,0
7 Alfa Insurance Moscow 17371,00   4195,00 3554 -4,3
8 UralSib Group Moscow 17058,00   1467,00 190 14,4
9 Insurance House VSK Moscow 15364,60   19000,71 800 15,2
10 Soglasie Moscow 15296,39   13604,90 447 416,0
11 Russian Insurance Centre Moscow 14417,55   0 78 9,2
12 Renaissance Insurance - 10625,00   4,00 40 72,5
13 GUTA-Insurance Moscow 7889,00   1216,00 3868 -44,4
14 Moscow Insurance Company   6522,00   812,00 374 309,1
15 Pari Moscow 5940,00   1740,00 60 104,1

According to National Rating Agency Expert RA

Cargo insurance

Place Company City Premiums, thousand RUR Premiums, million USD Claims, thousand RUR Number of contracts Increase in premiums as compared with 2004, %
1 Soglasie Moscow 1347105,64   31985,42 16556 7,9
2 Captial Group - 982396,85   2116,87 н.д. -34,9
3 RESO-Garantiya Moscow 888001,00   40924,00 18207 64,3
4 Priroda Moscow 640848,00   0 1175 66,4
5 Ingosstrakh Moscow 631811,67   140172,79 32197 10,4
6 RASO Group Moscow 613102,00   1528,00 325 18,4
7 Alfa Insurance Moscow 443045,00   17527,00 17732 73,7
8 BASK Group Belovo 405393,00   9693,00 3868 69,8
9 Recon Moscow 388280,30   114,80 572 94,2
10 Interindustry Insurance Centre Moscow 343269,00   0 н.д. 18,7
11 National Insurance Group Dolgoprudniy 307138,00   1209,20 1211 2,6
12 Russian Insurance Centre Moscow 291711,89   99,35 1165 29,9
13 Renaissance Insurance - 287422,00   32373,00 51570 -3,1
14 Pari Moscow 244834,00   43132,00 96110 29,0
15 Oranta Group Moscow 237382,10   773,30 4716 -22,1

According to National Rating Agency Expert RA

Accident and health insurance

Place Company City Premiums, thousand RUR Premiums, million USD. Claims, thousand RUR Number of insured persons Increase in premiums as compared with 2004, %
1 SOGAZ Group Moscow 1284370,52   58119,46 99382 7,4
2 Rosgosstrakh Group of Companies - 1127111,00   245228,00 2676339 30,6
3 RESO-Garantiya Moscow 966186,00   45351,00 72533 56,5
4 ZhASO Moscow 610005,00   24806,00 19525248 71,4
5 Insurance House VSK Moscow 513704,00   88715,00 н.д. 27,6
6 UralSib Group Moscow 467829,00   112319,00 117586 169,1
7 Ingosstrakh Moscow 465722,00   113260,00 46272 50,3
8 RASO Group Moscow 398533,00   1260,00 45393 15,5
9 MAKS Moscow 370502,00   69629,00 30799 101,8
10 Energogarant Moscow 263730,50   26112,20 94197 25,4
11 National Insurance Group Dolgoprudniy 261242,00   8835,10 29268 64,7
12 “AIG Russia Moscow 224401,92   28357,00 31673 0,5
13 Priroda Moscow 198639,00   530,00 29338 14,7
14 ROSNO Moscow 289955,00   47995,00 62466 53,1
15 Oranta Group Moscow 176404,50   855,00 н.д. 344,7
16 Soglasie Moscow 176292,54   7478,25 168543 148,3
17 NASTA Moscow 170410,00   18430,00 775382 40,6
18 Renaissance Insurance - 166927,00   20972,00 187640 -4,5
19 Russian Insurance Centre Moscow 143552,00   32,83 2549 427,1
20 Alfa Insurance Moscow 140957,00   84314,00 40603 54,8

According to National Rating Agency Expert RA

Construction all risks insurance (including liability insurance)

Place Company City Premiums, thousand RUR Premiums, million USD Claims, thousand RUR Number of contracts Increase in premiums as compared with 2004, %
1 SOGAZ Group Moscow 1332804,44   29818,77 624 66,3
2 Ingosstrakh Moscow 1011034,00   22382,00 н.д. -11,9
3 Gefest Moscow 409141,00   42699,00 298 -13,9
4 National Insurance Group Dolgoprudniy 286187,00   0 42 -
5 Rosgosstrakh Group of Companies - 263351,00   188,00 1017 503,6
6 Soglasie Moscow 233837,04   19636,84 299 148,1
7 Insurance House VSK Moscow 209706,86   5413,70 2305 189,4
8 Energogarant Moscow 203379,00   48,00 647 103,0
9 Yakor Moscow 193689,00   0 42 2393,7
10 Priroda Moscow 153807,00   0 121 97,0
11 Russian Insurance Centre Moscow 101133,08   0 48 -77,0
12 Regiongarant Moscow 88654,00   0 170 8,1
13 Scandinavia Saint Petersburg 82448,27   0 95 281485,6
14 Recon Moscow 79904,80   0 291 335,5
15 UralSib Group Moscow 75744,00   1588,00 763 -5,8

According to National Rating Agency Expert RA

Aviation risk insurance (including liability insurance)

Place Company City Premiums, thousand RUR Premiums, million USD Claims, thousand RUR Number of contracts Increase in premiums as compared with 2004, %
1 Ingosstrakh Moscow 841944,48   93353,51 859 39,8
2 Insurance House VSK Moscow 376020,99   108425,79 924 31,1
3 NIK Ulyanovsk 298769,00   3349,00 18 -26,2
4 UralSib Group Moscow 191623,00   1943,00 53 2,5
5 Avikos Moscow 175738,00   10184,00 207 7,8
6 AFES Moscow 151667,00   10098,00 1390 -7,6
7 SOGAZ Group Moscow 108802,90   18703,48 376 -50,5
8 ROSNO Moscow 93108,00   5336,00 69 -7,4
9 Russian Insurance Centre Moscow 92944,59   0 93 157,3
10 Spasskie Vorota Moscow 78656,40   11856,00 177 97,1

According to National Rating Agency Expert RA

Insurance of legal entities’ property from fire and other risks

Place Company City Premiums, thousand RUR Claims, thousand RUR Number of contracts Increase in premiums as compared with 2004, %
1 Leader Moscow 5411280,32 596199,20 237 26,1
2 RESO-Garantiya Moscow 4500000,0 152,00 * 18 930 * 113,0 *
3 Ingosstrakh Moscow 3380566,88 445619,79 19694 7,8
4 Rosgosstrakh Group of Companies - 3374225,00 347321,00 93263 20,3
5 SOGAZ Group Moscow 3125174,40 543233,06 17459 28,4
6 Soglasie Moscow 2950356,04 90084,01 7425 3,2
7 Alfa Insurance Moscow 2934530,00 354266,00 46634 70,3
8 Captial Group - 2079168,69 257339,85 н.д. -8,9
9 National Insurance Group Dolgoprudniy 1907166,00 59431,80 3369 -48,7
10 ROSNO Moscow 1894529,00 206533,00 14457 109,1
11 Priroda Moscow 1807559,00 15606,00 1238 12,1
12 Insurance House VSK Moscow 1314317,35 319758,16 74090 26,9
13 Surgutneftegaz Surgut 1215639,00 780007,00 2351 7,9
14 Energogarant Moscow 827518,00 16934,00 7451 66,6
15 RASO Group Moscow 781016,00 348450,00 778 71,0
16 Russkiy Mir Saint Petersburg 780389,23 23347,58 5359 66,9
17 MAKS Moscow 727915,00 7365,00 9177 6,1
18 Moscow Insurance Company   712035,00 28988,00 5171 78,4
19 UralSib Group Moscow 593046,00 22848,00 5245 -75,4
20 Recon Moscow 553291,10 850,90 1185 1,0
21 Renaissance Insurance - 513578,00 273379,00 4984 -25,0
22 NASTA Moscow 425665,00 14264,00 7424 -2,6
23 Sheksna Cherepovec 410545,00 25688,00 н.д. -6,3
24 Russian Insurance Centre Moscow 346716,19 5872,06 268 35,4
25 Standart-Reserv Moscow 325495,00 14012,00 2903 117,1

According to National Rating Agency Expert RA

Voluntary medical insurance

Place Company City Premiums, thousand RUR Claims, thousand RUR Number of insured persons Increase in premiums as compared with 2004, %
1 SOGAZ Group Moscow 6229328,93 6850172,55 186112 26,3
2 ZhASO Moscow 4463046,00 3363686,00 71135 36,4
3 ROSNO Moscow 3411379,00 1796066,00 33623 21,5
4 MAKS Moscow 2092398,00 2007524,00 6585740 -33,1
5 Ingosstrakh Moscow 1882150,00 1552953,00 393000 37,8
6 RESO-Garantiya Moscow 1487436,00 994391,00 12482 32,1
7 Rosgosstrakh Group of Companies - 1356723,00 986809,00 481568 24,7
8 UralSib Group Moscow 995609,00 597972,00 47770 86,2
9 Captial Group - 816808,17 648894,58 н.д. 1,8
10 Renaissance Insurance - 807670,00 526864,00 60119 54,3
11 Energogarant Moscow 737325,90 433737,40 21472 -13,5
12 Sheksna Cherepovec 680103,00 616532,00 н.д. 38,6
13 Alfa Insurance Moscow 544877,00 393799,00 25408 38,3
14 Insurance House VSK Moscow 487022,98 358562,79 71377 24,9
15 Rossiya Moscow 472929,00 372931,00 н.д. 42,9
16 Medexpress Saint Petersburg 438328,00 253482,00 85663 46,9
17 “AIG Russia Moscow 357358,00 351299,00 21541 43,9
18 Soglasie Moscow 305064,72 254546,42 25148 71,8
19 Surgutneftegaz Surgut 295172,00 935167,00 130397 -61,7
20 Spasskie Vorota Moscow 237933,20 160117,30 50347 41,8
21 Russkiy Mir Saint Petersburg 221577,81 147547,64 112429 7,7
22 Standart-Reserv Moscow 212817,00 113663,00 41122 31,7
23 RASO Group Moscow 178788,00 123697,00 223099 25,4
24 Gamma Ekaterinburg 170674,00 277085,00 69304 235,2
25 GUTA-Insurance Moscow 161433,00 122832,00 16407 -29,6
26 Leader Moscow 150508,90 106141,78 215 -14,9
27 NASTA Moscow 138996,00 108363,00 2060 22,5
28 BASK Group Belovo 127899,00 97389,00 97257 36,3
29 Oranta Group Moscow 120991,70 67239,90 14843 40,0
30 Interindustry Insurance Centre Moscow 102894,00 70894,20 н.д. 52,2
31 Mezhregiongarant Salehard 101874,00 64587,00 7975 63,7
32 Yakor Moscow 98338,00 52174,00 9500 64,9
33 Zenit Moscow 94129,85 78460,58 19873.333333333299 65,2
34 National Insurance Group Dolgoprudniy 87120,00 50559,80 3090 -0,6
35 Moscow Insurance Company   79596,00 47865,00 8970 28,6
36 НЭСО Moscow 74190,00 479,00 4253 -10,7
37 Shans Lipetsk 71441,00 55924,00 43090 11,0
38 ASK Group Saint Petersburg 65949,70 38039,90 н.д. 43,2
39 Russian Insurance Centre Moscow 63046,00 70624,03 324 -18,7
40 Rus Saint Petersburg 40485,00 16365,00 н.д. 451,7

According to National Rating Agency Expert RA

2006

According to the National Rating Agency Expert RA, the Russian Insurance Centre ranks 27th (as of the end of the first half of 2006) among the leaders of the Russian insurance market in terms of premiums.

Leading Russian insurance companies for premiums (including inward reinsurance), 1st half of 2006

Place Company City Total premiums, thousand RUR В том числе: Including: Claims level, %
Voluntary insurance Obligatory insurance
1 SOGAZ Group Moscow 21584481,0 14514035,0 7070446,0 50,75
2 Rosgosstrakh Group of Companies - 21278217,0 10888426,0 10389791,0 44,22
3 Ingosstrakhах Moscow 18283940,9 14869032,9 3414908,0 45,50
4 Группа MAKS Moscow 16591846,3 3297803,6 13294042,7 78,31
5 Captial Group - 13535285,7 8435923,7 5099362,0 56,54
6 RESO-Garantiya Moscow 12204339,0 8110496,0 4093843,0 48,58
7 ROSNO Moscow 10650719,0 9322217,0 1328502,0 27,70
8 Insurance House VSK Moscow 7340690,6 3951955,4 3388735,2 33,45
9 ZhASO Moscow 5470582,0 5199024,0 271558,0 34,63
10 UralSib Group Moscow 5108662,0 3381659,0 1727003,0 44,92
11 Soglasie Moscow 5090470,7 4610760,5 479710,1 27,76
12 Alfa Insurance Moscow 4402207,3 3844607,3 557600,0 34,26
13 Russkiy Mir Saint Petersburg 3640592,0 1733866,0 1906726,0 53,45
14 Renaissance Insurance - 3192563,1 2802167,1 390396,0 43,03
15 NASTA Moscow 3013937,0 2238440,0 775497,0 37,01
16 Rossiya Moscow 2850382,0 2522921,0 327461,0 23,51
17 Sheksna Cherepovec 2728353,8 1608707,8 1119646,0 51,00
18 National Insurance Group Dolgoprudniy 2712787,0 2507182,0 205605,0 13,88
19 Spasskie Vorota Moscow 2483383,0 1511502,0 971881,0 34,02
20 Standart-Reserv Moscow 2240804,5 1681990,6 558813,9 53,49
21 Energogarant Moscow 2062555,0 1867908,0 194647,0 30,23
22 Yugoria Ханты-Мансийск 2049961,0 1743926,0 306035,0 41,77
23 Moscow Insurance Company   1837148,8 1550853,5 286295,2 28,89
24 Surgutneftegaz Surgut 1686417,0 1637568,0 48849,0 45,27
25 RASO Group Moscow 1557786,0 1553154,0 4632,0 17,95
26 “AIG Russia Moscow 1262278,0 1247328,0 14950,0 18,29
27 Russian Insurance Centre Moscow 965275,0 965275,0 0 5,61
28 СКМ Magnitogorsk 924698,0 873175,0 51523,0 32,76
29 ASK Group Saint Petersburg 893131,0 102457,0 790674,0 100,18
30 GUTA-Insurance Moscow 799574,0 658491,0 141083,0 35,78

According to National Rating Agency Expert RA