OREANDA-NEWS. January 6, 2011. Summarizing the results of 2010, Ingosstrakh OJSIC is pleased to note significant changes in settlements between insurance companies in the course of subrogation procedures. Mutual respect and professional approach of the insurance market players towards each other became much higher, and timeliness and completeness of payments improved significantly.

Traditionally, Ingosstrakh OJSIC would like to express its sincere appreciation to companies rigorously complying with the timeline and procedures of reviewing the subrogation requirements set by the law and RIA Rules, including AlfaStrahovanie OJSC, RESO-Garantia OJSIC, VSK OJSC, Rosgosstrakh LLC, SG MSK OJSC, SK VTB Strakhovanie LLC.

During the expiring year, many companies, such as MAX CJSC, GUTA-Strakhovanie CJSC, 1SK LLC, ROSNO CJSC, Insurance Group Spasskie Vorota CJSC mended their subrogation relations with Ingosstrakh OJSIC. The colleagues changed the quality of the subrogation payment process, which lessened the debt and decreased the number of court proceedings between them.

Nevertheless, some insurers continue to violate the procedures of insurance payments on the subrogation claims. Such companies include SK Megaruss-D CJSC, RSTK OJSC, SK INNOGARANT CJSC, Rosstrakh OJSC, SK GARMED OJSC, MSC OJSC, SK Rostra OJSC, Yugoria State Insurance Company OJSC. Showing its firmness and rigorous compliance with the legislation, on the threshold of New Year Ingosstrakh OJSIC wishes the said companies changing their approaches towards fulfillment of their obligations next year.

Ingosstrakh OJSIC would like to extend its New Year greetings to the insurance market players and express hope for compliance of all insurers with the law and professional ethics.

Ingosstrakh OJSIC has been working on international and local markets since 1947. The company is a national leader by the total amount of insurance premium in voluntary insurance sector (other than life insurance).

Ingosstrakh OJSIC is authorized to render all types of insurance services (in acc. with insurance company specialization) specified in cl. 32.9 of the Insurance Law of the Russian Federation, as well as reinsurance Services. The company is present in 220 cities, towns, and settlements of the RF. Branches and subsidiaries of the insurer work in foreign countries and in former USSR countries.