OREANDA-NEWS  On 18 December was announced, that Ingosstrakh inaugurated a new office in Saratov at Vavilov St., 23/25. The office is located on one of the city’s central streets downtown which makes it a comfortable venue for corporate and retail clients.

The inauguration ceremony was opened by the Director of Ingosstrakh’s Privolzhie Regional Center Valentina Kochkina. The ceremony was attended by the insurer’s partners and guests, including the Chairman of the Proprietary Economics Policy and Land Relations Committee of the Saratov City Duma Oleg Galkin, President of the Saratov Region Insurers Guild Pavel Mikheev and many others.

The new office will sell insurance products and handle claims to save up its clients’ time and make the service more efficient.

According to preliminary statements, the aggregate written premium for 9 months 2008 on direct insurance contracts entered by the branch of Ingosstrakh in Saratov amounts to RUR 143 mln, or 100% higher than the premium collected over the same period of Year 2007,, including RUR 58 mln (+559%) in private insurance, RUR 54 mln (66%) in property insurance and RUR 1 mln in liability insurance. The size of written premium in compulsory motor third party liability insurance was RUR 29 mln.

The payments made by IJSC Ingosstrakh in Saratov under direct insurance contracts in January-September 2008 amounted to RUR 47 mln, including RUR 2.7 mln in voluntary private insurance and RUR 24 mln in property insurance. Compulsory motor third party liability insurance payments made amounted to RUR 20 mln.

‘Today, the branch of IJSC Ingosstrakh in Saratov is rated 7th by the aggregate written premium for 9 months 2008 among all insurance companies operating in the region. We are planning to expand Ingosstrakh’s presence in the regional insurance market,’ Roman Voronkov, Director of IJSC Ingosstrakh Saratov, says.