Allianz ROSNO Life Gets А Reliability Rating
OREANDA-NEWS. November 01, 2008. The rating agency Expert RA has assigned the insurance company Allianz ROSNO Life Ltd. an A+ reliability rating ("Very High Reliability Level"), reported the press-centre of ROSNO.
Among the factors enabling the company’s reliability to be graded so high, the agency mentions the extensive branch network, excellent liquidity figures, stable and sound reinsurance protection. The company has also been noted to possess a stable and diversified investment portfolio.
"The reliability level of Allianz ROSNO Life is positively affected by good capital adequacy figures, well-known brand, excellent business reputation, and extensive customer base. Allianz ROSNO Life is characterized by the positive and stable technical result", notes Ms. Darya Lipatova, expert of the Financial Institution Ratings Department in the rating agency Expert RA.
"The high reliability level, together with the state-of-the-art sales techniques, professionalism and experience of our employees, as well as customer service quality, become a basis for successful achievement by Allianz ROSNO Life of its major strategic objective — to become an indisputable leader and the first-choice company for our clients, business partners and potential applicants at such a promising market as life insurance", commented the CEO of Allianz ROSNO Life Mr. Maxim Chernin. "In the near future, we plan to increase efficiency of the agent network and actively develop the alternative sales channel: sales via banks, brokers and companies of the ROSNO Group".
Allianz ROSNO Life is the federal-scale life insurer. In 2007, the company collected over 414 million roubles of insurance premium, ranking 13th among the Russian insurers in terms of the size of life insurance premium. According to the Expert RA, the company’s total assets as of January 01’ 2008 equalled 821 million roubles, and authorized capital reached 111 million roubles.