OREANDA-NEWS. January 6, 2011. Tatyana Kaigorodova has been appointed Deputy Director General of Ingosstrakh OJSIC. She will start in her new job in January 2011. Tatyana Kaigorodova will be supervising the activities of the INGO group’s companies, developing the life insurance, mandatory medical insurance business of Ingosstrakh’s subsidiaries as well as assistance services. She will also be in charge of voluntary medical insurance.

Tatyana Kaigorodova was born in Moscow on July 20th 1972. In 1989 through 1994 she studied at the Financial Academy of the Government of Russia in the Finance and Economics faculty, majoring in finance and credit. She graduated from the academy with a degree in economics.

In 1991 - 1997 Ms Kaigorodova worked for the Ekuran audit company where she made a career from an assistant to the CEO of the company. In 1997-2000 she was head of the department of credit risk analysis and then she was put in charge of the directorate for the development and supervision of subsidiaries at Mezhkombank. In 2000 - 2001 Ms Kaigorodova worked at the Russian Standard Bank where she first took the position of the head of the department responsible for lending of trading companies and then headed the directorate for loans to small and medium sized companies. In 2001-2002 she headed the commercial lending department at Eurofinance. In 2002 - 2003 she was in charge of the directorate of small and medium businesses at Petrokommerz bank. Before joining Ingosstrakh Ms Kaigorodova spent two and a half years in 2003 through 2005 as the vice president and the head of the Corporate Clients Directorate at Delta Bank, where she was in charge of making loans to corporate clients, small and medium sized businesses, collecting deposits and selling bank promissory note. Tatyana has worked in Ingosstrakh since August 2005 and as the head of the Direct Investments Directorate she is in charge of mergers and acquisitions, subsidiaries and legal procedures related to shareholders’ meetings, issue of additional securities, changes in the share capital of subsidiaries.

Since January 2010 Ms Kaigorodova has been a member of the executive board of Ingosstrakh. Supervising voluntary medical insurance she managed to reduce the company’s losses in this type of insurance by more than 20% this year by successfully optimising a number of key business processes and implementing a number of cost cutting measures. At the same time preliminary data for the first 9 months of 2010 indicate that Ingosstrakh’s premium on voluntary medical insurances totalled RUR 3.79 billion, which is 12% more than the target for the period. Ingosstrakh sold 6,270 voluntary medical insurance companies, the total number of its customers reached 472,000 people. It is noteworthy that this year Ingosstrakh’s portfolio of voluntary medical insurance policies increased primarily thanks to small and medium sized companies, thus the overall structure of the portfolio became more balanced.

Another achievement in medical insurance was the successful development of Ingosstrakh’s own network of clinics. The company currently has three such clinics: in Moscow, in Saint Petersburg and in Saratov. This year a children's polyclinic opened its doors. Over the next few years new out-patient clinics are planned to open in Krasnodar, Kazan, Ufa and Novosibirsk. Once the project is complete Ingosstrakh will have 24 clinics all over the country as well as a central diagnostics laboratory which is scheduled to open in Moscow next year.

Commenting on her appointment, Tatyana Kaigorodova noted that her first priority in her new position will be continued work to reduce losses on voluntary medical insurance. "In 2011 we intend to increase our sales to the level of 2009 but at normal losses. In addition to that, a regional contact-centre will be set up and a number of new insurance products will be launched," said Tatyana Kaigorodova.