Allianz Eurasia

Allianz in Russia and CIS is a major financial and insurance group providing Property & Casualty, Life & Health, risk management, old-age provision and asset management services. In 2007, consolidated revenues of Allianz Eurasia (Russia and CIS) exceeded 1 316 Mio US Dollar. Allianz posted strong growth in non-life (57.8%) and life insurance (50%), with most companies of the Group outperforming the market growth. Today over 7,000 employees service millions of clients in Russia and CIS. Allianz in Russia and CIS has gained recognition among its clients and business community for the high reliability and financial strength of its business. Allianz operating entities in Russia on various occasions received prestigious awards and have been assigned high reliability ratings both by the Russian and international rating agencies.
More details...

About ROSNO

ROSNO Group is one of the largest insurance groups in Russia. It comprises the universal federal-scale insurance company OJSC ROSNO and its subsidiaries: ROSNO MS, ROSNO Center, Insurance Company Medexpress, Allianz ROSNO Life, Allianz ROSNO Asset Management, and Allianz Ukraine.

ROSNO’s shareholder is the leading international insurance conglomerate Allianz SE (holds 97% stock interest).

ROSNO Group’s major business principle is customer care. ROSNO Group’s insurance policies and contracts are held by over 17 mln. people and over 50 thousand enterprises and organizations.

Founded in 1991, OJSC «ROSNO» is one of the largest Russian universal insurance companies. Its clients can choose from over 130 types of voluntary and obligatory insurance. ROSNO’s regional network comprises 100 branches combined into 7 territorial directorates, and 300 agencies in all Russian federal administrative units. The company has its own representative office in Azerbaijan and Kazakhstan.

Audit of ROSNO’s IFRS statements is performed by the international audit company Deloitte & Touche. ROSNO follows the policy of transparency for clients, partners, and shareholders. The company has completed transition to the international financial reporting standards (IFRS).

ROSNO pays special attention to increasing its capitalization, thus guaranteeing financial reliability and stability. Authorized capital is 1,281,200,580 roubles; equity is 5,422,750 thousand roubles, and insurance reserves equal 16,985,242 thousand roubles (as of 11 March 2008).

ROSNO has high-quality obligatory reinsurance protection of risks accepted by the company. Among the company’s reinsurance partners are Allianz, Hannover Re, SCOR, Munich Re, Swiss Re, and major Russian reinsurers. ROSNO also cooperates with brokerage agencies of Lloyd’s Corporation.

ROSNO holds membership in 17 insurance pools, many professional associations and trade organizations, as well as International, Russian-British, Russian-American and RF Chambers of Commerce and Industry. ROSNO allocates its funds with the largest and most reliable Russian and foreign banks, including: RF Savings Bank, Vneshtorgbank, Deutsche Bank, ABN-Amro, and ING Bank.

In 2007, the international rating agency Moody’s Investors Service raised ROSNO’s global-scale financial reliability rating to Ваа1. Rating forecast is «Stable». At the same time, the rating agency Moody’s Interfax assigned ROSNO a national-scale rating Ааа.ru.

In the national rating of Russian insurance companies kept by the rating agency Expert RA, ROSNO has been assigned the highest А++ grade («High reliability level with positive outlook») for the sixth year.

In 2007, ROSNO was the first Russian company to achieve conformity of its major business processes to the international data security standards. The company’s data security control system has been certified for ISO/IEC 27001:2005.

ROSNO has been repeatedly awarded with the Company of the Year premium (including the year 2007), and it is included in the register of reliable business partners of the RF Chamber of Commerce and Industry. ROSNO is a laureate of the National Award for brand creation and promotion: Golden BRAND OF THE YEAR/EFFIE 2005.

In 2007, under the International Brand Listing Project (Brandlisting.com), ROSNO brand was estimated by the agency V-RATIO Business Consulting Company to be worth USD 444.6 mln.

ROSNO is a winner of the annual rating «People’s Brand» in 2003 and 2005 in the Insurance Company nomination.

ROSNO is a three-time winner in the Insurance Company nomination in the Most Trusted Brand poll conducted by the Readers Digest magazine. The major evaluation criteria are: quality, reliability, positive image, and understanding of the client’s needs.

ROSNO has repeatedly won Russian public awards in the field of insurance «Golden Salamander»: Russian Insurance Client’s Choice (three times), Most Media-Friendly Company (four times), Insurance Executive of the Year, Best Managerial Project of the Year in service quality, and Insurance Service Quality of the Year, and For Development of Insurance Sector.

According to the Rating Centre of the Economic Strategies Institute (INES), it is for the third year in a row that ROSNO ranks first in the annual rating «50 Most Strategically-Minded Insurance Companies».

ROSNO has also won in the nomination «For Promotion of the European Standards in the Russian Insurance Sector» of the annual contest held by the Finance magazine.

In 2007, ROSNO was named Insurance Company of the Year at the annual contest held by the business weekly edition «Kompaniya», based on analysis of the events occurring in various markets.

In 2008, ROSNO won the nomination «Best Reinsurer 2007» at the contest held under the auspices of the Administrative Committee of the Annual Russian Reinsurance Conference.

The company was honoured with a title of an IT leader in insurance for its outstanding contribution to the development of information technologies in Russia.

In accordance with the results of the year 2008 survey conducted by the Euromoney magazine, IC ROSNO was named the Best Russian Insurance Company.