OREANDA-NEWS. May 16, 2007. IC Allianz ROSNO Life, an affiliate of OJSC ROSNO that focuses on long-term life insurance and retirement insurance, demonstrated high growth rates in 2006, reported the press-centre of  ROSNO. 
The data confirm that, like in 2005,the company kept the its high insurance portfolio growth rates in 2006.
The total accrued insurance premium exceeded 273 mln. roubles, which is 137 mln. roubles above the last year’s level. When compared to 2005, corporate portfolio grew by 137% due to the growing agent network of Allianz ROSNO Life — today it has over 2,000 agents in Moscow and the regions — and due to successful promotion of customer-focused long-term insurance programs that target both individuals and companies.
The corporate insurance reserves exceeded 183 mln. roubles by the end of the reporting period.
As part of the corporate regional network development program and regional leadership strategy in 2006, Allianz ROSNO Life set up representative offices in Samara, Tyumen, Novosibirsk, Sarovo, Saransk, Arzamas, Cheboksary, Chelyabinsk, Ivanovo, Vologda, Lipetsk, Kirov, Angarsk, Bratsk, Krasnoyarsk, Ust-Ilimsk, Ulan-Ude, Selekhov, Yakutsk, Stavropol, Petrozavodsk, Ryazan and Vladimir. By the end of 2006, the company had them 33.
Allianz ROSNO Life continued improving its life insurance service in Q3 2006. In view of the customers’ needs revealed in customer surveys, the company has developed and launched the series of rouble products. Now Allianz ROSNO Life customers may purchase their insurance policies both in roubles and in US dollars, using their preferences and expert forecasts.
Stefanie Appel, Financial Director of Allianz ROSNO Life, comments on 2006 results: "The results the company achieved in 2006 confirm that it chose the right strategy to develop its agent network and promote updated programs. We seek to win long-term trust of our customers. To achieve that, the company continuously improves internal standards and business processes. In 2007, we plan to focus on higher customer service quality, agent network development, new distribution channels and new products. We will definitely continue promoting life insurance and retirement insurance in all Russian regions".
Allianz ROSNO Life Insurance Company
Founded in September 2003, Allianz ROSNO Life officially launched its services on 14 September 2004. A wholly owned subsidiary of ROSNO, a leading Russian insurer, its core business is provision of long-term life insurance and retirement plans. Alliance ROSNO Life has offices in Irkutsk, Kazan, Krasnodar, Nizhni Novgorod, Saint Petersburg, Ufa, Saratov, Saransk, Arzamas, Cheboksary, Chelyabinsk, Ivanovo, Vologda, Lipetsk, Kirov, Angarsk, Bratsk, Krasnoyarsk, Ust-Ilimsk, Ulan-Ude, Shelihov, Yakutsk, Stavropol, Petrozavodsk, Ryazan, Vladimir, Astrakhan, Syktyvkar and Tuaps. The company’s authorized capital amounts to 111 277 thousand roubles.
OJSC ROSNO
OJSC ROSNO was established in 1991. ROSNO’s controlling interest is held by the leading German insurer Allianz SE (97%). The Company is of a universal type and holds licenses for provision of over 100 types of insurance. ROSNO has subsidiaries in Russia (OJCS RC "ROSNO-Center", OJSC IC "ROSNO-MS", LLC IC "Allianz ROSNO Life", OJSC Asset management "Allianz ROSNO Asset management") and in Ukraine (OJSC IC "ROSNO Ukraine"). The authorized capital of ROSNO amounts to 1,184,180,000 roubles. Its regional network accounts for 100 branches in all Russian regions united into 10 territorial Directorates and 300 agencies. ROSNO insurance policies are held by more than 7 million people and over 50,000 companies.