COMPANY BUSINESS IN BRIEF
April 2007, Moscow
“Standart-Rezerv” Insurance Company has been operating on the Russian market since 1993, and is among the most rapidly growing insurers. Licenses С №1137 77 of March 30, 2006 and П №1137 77 of March 30, 2006 by the Federal Service For Insurance Supervision allow the Company’s performing reinsurance and direct insurance transactions in 49 lines of business, which fully cover the customers’ current needs and demand in the domestic insurance sector.
In 2006, the Company increased its authorized capital by holding a new equity issue by the amount of RUR 1.2 bln. As a result, the Company’s paid-up authorized capital makes RUR 1.7 bln. The authorized capital increase was necessary to support the Company’s high growth rate.
The key shareholders in “Standart-Rezerv” Insurance ZAO are:
Bank of Moscow and its affiliates.
Bank of Moscow (ОАО) was established in 1995. It operates as an all-purpose banking institution, providing a complete banking package for its customers, including payments settlement, loans and credit, cards, documentary transactions and other banking products both in Russian and foreign currencies.
Bank of Moscow is one of the largest Russian banks, it is represented in nearly all economically significant regions of the country, and it enters the TOP-10 largest Russian banks.
The Bank’s reliability and credibility is confirmed by the top international rating agencies Fitch Ratings and Moody’s Investors Service. According to Moody’s Investors Service: Bank of Moscow long-term credit rating is «Baа2». Along with that, the Bank’s Eurobonds, including the subordinated ones, nave obtained «Baa1», which is higher than the sovereign rating of Russian Federation. The long-term credit rating on a national scale is «Ааа (ru)». The ratings’ forecast is defined as “Stable”. The main long-term rating on the Bank of Moscow unsecured currency liabilities (Kuznetski Capital S.A.) is «A3». The forecast is stable.
- State Enterprise “Machinoimport” Foreign Economic Association, established in 1933, has been mainly specializing in construction assistance of fuel and energy producing facilities both in Russia and abroad, including the CIS countries; it also deals with export and import of separate and integrated equipment and spare parts and raw materials export.
- The Company management.
Our portfolio reinsurance coverage is a reliable protection of our liabilities; it is based upon our treaties with some major foreign partners, i.e. Swiss RE (Switzerland), Munich RE (Germany), GenRE (Germany), HANNOVER RE (Germany), Converium (Germany), Lloyd’s Syndicate 570 (London), KILN syndicate (510) at Lloyd’s, SCOR (Paris), SIRIUS RE (Stockholm), QBE Europe (London), Amlin (Lloyd’s), XL RE, Alliance RE and others, as well as with some Russian reinsures that have a large credibility margin. With our partners’ support, we are happy to offer various reinsurance plans for our customers.
Nowadays, “Standart-Rezerv” Insurance ZAO has 52 branches and 83 territorial agencies throughout Russia: in Arkhangelsk, Bryansk, Vladimir, Volgograd, Voronezh, Ekaterinburg, Irkutsk, Kazan, Kemerovo, Krasnodar, Krasnoyarsk, Lipetsk, Murmansk, Nizhni Novgorod, Novosibirsk, Veliki Novgorod, Omsk, Orenburg, Perm, Petrozavodsk, Rostov-On-Don, Samara, St.Petersburg, Saransk, Saratov, Stavropol, Tver, Tula, Ulyanovsk, Cheboksary, and this list is constantly expanding. Besides, the Company has a well-developed agent network in Moscow region.
During 2006, “Standart-Rezerv” Insurance Company increased the premium collection by 16% as compared to 2005– up to RUR 4.9 bln.
The Company’s premium collection for 2006 made RUR 3.72 bln. in the voluntary insurance, and RUR 1.23 bln. in obligatory motor insurance (MTPL). The Company’s branch collections grew 2.4 times as compared to 2005 and reached RUR 1.8 bln.
During 2006 “Standart-Rezerv” Insurance Company paid over RUR 2.7 bln. indemnity to its customers, including RUR 1.94 bln. claims paid in the voluntary insurance. As for MTPL, the claims paid reached RUR 774 mln.
“Standart-Rezerv” Insurance Company (ZAO) obtained an “A” reliability rating from “Expert RA” Rating Agency (high reliability.
By “RosBusinessConsulting” agency as of the results of 2006, “Standart-Rezerv” Insurance Company (ZAO) takes the 18th position among the major Russian insurers.
Besides, RBC reports, that “Standart-Rezerv” Insurance Company (ZAO) takes the 20th rank in the voluntary insurance and the 18th rank in the mandatory insurance for the same period. According to the data, published by the agency, “Standart-Rezerv” Insurance Company (ZAO) takes the 16th place in MTPL premium collection and is the 16th in the property insurance among the major Russian insurers (2006 results).
“Standart-Rezerv” Insurance Company (ZAO) offers various insurance plans and optimal tariff rates both for corporate customers and individuals with different income level. We nave been successfully cooperating with Slavinvestbank, Sobinbank, Bank SOYUZ, Promsvyazbank, Fora-Bank, NIKOM, Impexbank, First Czech-Russian Bank, Gazprombank, Societe General Vostok, Converse-Bank, Lefko-Bank (Lefko-Leasing), LOCO-Bank, Moscow Credit Bank, Transcapitalbank, MPI-Bank, Promtorgbank, Rosselkhozbank, Rossiysky Capital, Tembrbank, ECONAZBANK, Zenith, The First Republican Bank, Agroimpulse, Credit Moscow, NOTA BANK, Kranbank, Extrobank, Agropromcredit, Orgresbank, UralsibBank, Bank of Moscow, Raiffeisenbank, UniastrumBank, Moscommercebank, European-Asian Bank, Moscomprivatbank, International Bank for Reconstruction and Development, Investsberbank, MDM-bank, Gubernsky bank, Rosbank, OOO CB United Bank of Development, Rusfinancebank, AKI-Bank(Tatarstan), AutoVazBank (Chuvashia), BarenzBank (Murmansk), Bratsky ANCB (Irkutsk), Dalcombank (Irkutsk), Baltiysky (Novosibirsk), The Volga Social Bank (Samara), Gazenergoprombank (Tver), Gazenergoprombank (Moscow), Investcapitalbank (Ufa), United Bank of the Republic (Chuvashia), CB Petrovka (Tver), Severgazbank (Arkhangelsk), UralVneshtorgBank (Tumen), StavropolpromstroyBank, SevergazBank(St.Peterburg), Sibakadembank (Irkutsk), Tavrichesky (Irkutsk), Chuvashcreditprombank (Chuvashia), YugBank (Krasnodar), OmskpromstroyBank (Omsk), MIAN Corporation ZAO, RESCOR Corporation OOO, DOKI Realty Agency, Agent 002 Realty ООО, Independent Bureau for Mortgage Loans OOO, Non-State Higher Professional Educational Institution “International Legal Institute by the RF Ministry of Justice”, Vladenie-5 ZAO, Glavbulgarstroy AO, MTA Group, The First Forwarding Company, “Blagosostoyaniye” non-state pension fund, Moscow Insurance Company, Samsung Russia Service Company Ltd («SRSC»), Transport company «Armadillo Business Pack», ZAO «Inter-rus –М company»(ARARAT Park Hayatt Moscow Hotel), “Systematica” group, Ural-Design ZAO, ООО «SK Stroymost-1», ООО «Mosexpo-Metal», ООО «COP «Alternative-M-Holding», Sport School №49 «TRINTA» after Y.Y. Ravvinsky, Russian Soccer Union “Moscow Soccer Federation” – Sport School №27 Sokol», Tourist companies «Pegas», «ТерTerra-Grande Tour», «Mr.English», «Carlson-Tourism», «Jet line», «UTE Megapolis», «Aquanaut», «Moscow University Underwater Club», «Crocodile», «Scuba-clаss», «Decostop», car- dealers ООО «Major-Auto», Nezavisimost’ Group, Favorite-Auto Alliance, Ferroni, Autoimport, Autocontinent, Autoport-M, Autoprestus, Autoprogress, Autostream, Autotempo, Aida, Arsenal, Santedo, Eurotruckmotors, Cart0Motors, Quick-Auto, Severyanin, Leon-Atellie, Penta-Auto, Mitsubishi at Taganka, Motor-Market, Musa-Motors, Nissan at Taganka, New-York Motors South, Flight Auto, Shark-Motors, Redegi, Rida-Motors, Ruslan, SZB Partner, Sokol-Auto, Mosauto, Best Motors, Uz Daewoo Motors, Yuna Auto, Import-Motors, Autotrade AG, Renault, Nissan, Mitsubishi in Krylatskoye” and lots of other companies and entities.
When you buy any product from us, you will be able:
“Standard-Reserve” Insurance Company has been successfully providing coverage to its customers in the following lines of business: