OREANDA-NEWS. On October 17, 2007 IC ROSNO has been awarded with the title Insurance Company of the Year at the annual Company of the Year contest held by the Kompaniya magazine . The winners were named at the solemn ceremony held in the Surikov-Hall, reported the press-centre of ROSNO.

The Company of the Year contest has been held since 1999. The jubilee ceremony was dedicated to the 10th anniversary of the Kompaniya magazine. The organizers use constant monitoring and analysis of events at various markets to compile the list of companies, which, in the former’s opinion, have made for most prominent successes in their respective industries and played most notable role in the national economic development. The decision to award the premium is made by the expert council comprising famous journalists, independent experts, representatives of trade associations and government authorities.

The Company of the Year contest has won recognition in the business community, and the victory in such contest means that the business community publicly acknowledges the company’s business achievements.

It is not a random occurrence that ROSNO has been named an Insurance Company of the Year 2007. This year has been rich in the events of major importance for the company.

In 2007, the international insurer Allianz SE confirmed ROSNO’s investment attractiveness by acquiring 49,2% of the company’s shares for 750 mln. US dollars.

In the same year, the rating agency Moody’s Investors Service raised ROSNO’s global-scale financial reliability rating to Ваа1. Rating forecast is "Stable". At the same time, the rating agency Moody’s Interfax assigned ROSNO a national-scale rating Ааа.ru. This is the highest rating among the Russian insurance companies.

Also in 2007, ROSNO was the first Russian company to achieve conformity of its major business processes to the international data security standards. The company’s data security control system has been certified for ISO/IEC 27001:2005.

In 2007, under the auspices of the International Brand Listing Project (Brandlisting.com), ROSNO brand was estimated by the agency V-RATIO Business Consulting Company to be worth 444.6 mln. USD. According to the market analysts, in the first six months of 2007 the Russian insurance market has grown by 29.9%. During the same period, ROSNO demonstrated a 41.9% growth, which is significantly above the average market growth rate.

Speaking at the awarding ceremony on behalf of all ROSNO employees, ROSNO’s General Manager Mr. Hannes Chopra thanked the Organizing Committee for this prestigious award: "Each of ROSNO employees has contributed to the company being awarded today, since people represent our main asset. I am particularly pleased to receive this award today. It is an evidence of the fact that we not only preserved the company’s cornerstone values, but also strengthened our positions, and now continue our successful growth for the benefit of out clients and shareholders".