The New Masters of Risk? How insurers are testing out their capabilities in finance
Profiles
AIG remains the undisputed leader
In our recent survey, Rosno was voted the best overall Russian insurer by, among others, a large international accounting and consulting firm, which has offices in Russia, and one of the biggest Russian mining firms. It was also voted the best insurer for product range, price and claims resolution.
The Russian insurance market, for business and personal cover, is growing strongly. Rosno grew by 41.9%, according to parent company Allianz. This was above the average among Russian insurance companies. In 2006, Rosno wrote more than $780 million-worth of cover. More than 50,000 companies and more than 15 million individuals in Russia have insurance through the Rosno group.
A controlling interest in Rosno is held by leading European insurer Allianz SE – the first foreign insurance company to operate in Russia – which holds 97%. Allianz SE assumed the majority stake in Rosno in February 2007, when it purchased an additional 49.2%