OREANDA-NEWS. November 2, 2007. Today is the 14th anniversary of the SOGAZ Insurance Group establishment. During these 14 years, the Group has been able to occupy key positions in most of the insurance market segments and become a nationwide insurer.

At present, the Group comprises five members: the universal insurance companies OJSC SOGAZ and Neftepolis Insurance Company Ltd, the specialised companies OJSC Gazprommedstrakh and SOGAZ-Life Insurance Company Ltd, and the medical services company Gazprommedservice Ltd. Each of the Group’s member companies, subject to its specialisation, has certain operating priorities clearly defined in the SOGAZ Insurance Group’s overall business development strategy, which allows the Group to operate as a single mechanism oriented towards systematic achievement of its goals.

The Group’s strong position among real insurance market leaders gives string evidence of this fact. For years SOGAZ has been an absolute leader in the personal insurance sphere, and historically retains high positions in other voluntary insurance segments.

At present, SOGAZ is a backbone element of the Russian insurance market. Therefore, it will not be an exaggeration to say that the Group’s operations have an influence on the development of national insurance as a whole. “This emphasises our responsibility and serves as a powerful incentive for searching for the most balanced solutions to the problems we face, thus introducing an element of conservatism to the Group’s policy,” Vadim Yanov, Chairman of the SOGAZ Insurance Group Management Board, pointed out in his address to the staff on the occasion of the Group’s 14th anniversary. “At the same time, SOGAZ remains one of the most dynamically developing Russian insurers. In spite of good operating results and a favourable financial position, we are not going to stop where we stand. Today, it is important for us not only to step up the positions we occupy in the market, but also take resolute steps to attain leadership in the insurance sector. I have no doubts that we will continue to rapidly develop in the future and that we will be able to achieve the strategic goals set for us.”