OREANDA-NEWS. August 2, 2012. Drawing the conclusions of subrogation work, carried out by the company in the first half of 2012, Ingosstrakh Insurance Company notes qualitative improvements in performance of insurants’ obligations related to making voluntary payments on the claims stated in the procedure of subrogation.

The majority of insurants responsibly perform the obligations undertaken under OSAGO (Motor Third-Party Liability) agreements both in terms of their execution and by completeness of payments. Analyzing the results of the past period, Ingosstrakh Insurance Company notes organized and good quality work related to organization and making voluntary payments on subrogation claims by the following companies: JSC  RESO-Garantiya, LLC  Rosgosstrakh, ZAO MAKS, PLC AlfaStrakhovanie, JSC  SK Allianz, KIT Finans Strakhovanie (JSC ), VTB Insurance Ltd.

While making compensation payments for OSAGO insurants in respect of whom bankruptcy procedure was instituted or that were deprived of license by an insurance supervision authority, the Russian Association of Motor Insurers (RAMI) occupies the position which corresponds the status of a professional association. Compensation payments under subrogation claims by Ingosstrakh Insurance Company are made by RAMI in strict accordance with the laws about OSAGO and Rules of Professional Activity. In the reporting period, RAMI made compensation payments under subrogation claims by Ingosstrakh Insurance Company in the amount of 162 824 485 rub.

Ingosstrakh Insurance Company has to select and mark the insurants who perform their obligations in a poor quality and untimely manner: LLC  SG Admiral, JSC  RSTK Insurance Company, JSC  RST Insurance Company, ZAO SG Regionalny Allian, ZAO AYNI International Insurance Company, LLC  TIRUS Insurance Company and ZAO D2 Insurance. In 2012, these insurants did not make any voluntary payments at all, or payments were made with sufficient violations of both terms of payment and procedures of payment sums determination. During the reporting period, a sanction of FFMS in the form of license recall was applied against such deliberate non-payers as ZAO SG Regionalny Allians and JSC  RST Insurance Company. In relation of LLC  SG Admiral, the Court of Arbitration in Rostov Region resolved to institute a bankruptcy procedure – supervision; FFMS made a decision to recall an insurance and reinsurance license. As related to LLC  TIRUS Insurance Company, the insurance license was restricted.