ROSNO Life Named Life Insurance Leader
OREANDA-NEWS. May 25, 2010. For the second consecutive year, Allianz ROSNO Life has been awarded with Russia’s sole national insurance premium Golden Salamander in the nomination "Life Insurance Leader". The seventh premium awarding ceremony was held on 19 May in the Hall of Columns of the Yekaterininsky Palace in Moscow, reported the press-centre of ROSNO.
The title "Life Insurance Leader 2009" reflects the strategy of Allianz ROSNO Life oriented towards achieving leadership, innovation, improving customer service quality, reliability, and responsibility. Despite the difficult market conditions in 2009, Allianz ROSNO Life demonstrated stable growth at over 30%. In this respect, 64% of the company’s new business in 2009 were secured by the long-term accumulative insurance contracts with an average insurance period of over 12 years.
In 2009, Allianz ROSNO Life was among the most innovative companies, providing a number of new offers in corporate life insurance, risk-based life insurance for private clients, and making certain products available via its partner network. In the end of 2009, Allianz ROSNO Life was selected as a partner accepting the client portfolios of the companies ING Life Insurance and Fortis Life Insurance, who had decided to discontinue operations in Russia, and now it performs the latter’s obligations to their clients. In January 2010, the Rating Agency Expert RA has raised the reliability rating of Allianz ROSNO Life to the highest level A++ ("Exceptionally High Reliability Level"), taking into account the company’s stable financial position and the owner’s (Allianz New Europe) intention to maintain the volume of capital necessary for performance of business operations.
This is the third time that Allianz ROSNO Life wins the Golden Salamander Premium. Previously, the company was named by the Jury the "Insurance Company as "Discovery of the Year", based upon the results of 2006, and in 2009 it won two nominations at once — "Life Insurance Leader 2008" and "Social Project 2008".
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