OREANDA-NEWS. June 15, 2011. Ingosstrakh OJSIC became a winner of Russian Financial Elite 2011, the 7th annual public award in financial area. The awarding ceremony took place on June 8, 2011, in the Reception Palace of the Diplomatic Corps, RF MFA. This year, best financial companies were awarded for outstanding results in 2010.

According to the Award steering committee, companies that successfully handled the crisis difficulties and deserved the 2010 award have stable positions on the Russian financial market, which should become the most important element of economic and industrial policy, and the basis for modernization of the economy. Its intensive development needs balanced and consisted facilitation.

The ceremony was visited by such honorary guests as A. A. Aksakov, the State Duma Deputy and the President of Regional Bank Association, A. V. Turbanov, General Director of Endowment Insurance Association, G. A. Tosynyan, the President of the Russian Bank Association and others.

Ingosstrakh OJSIC won Russian Financial Elite 2011 Award in the Grand Prix Insurance Company of the Year nomination. Ilya Soloatin, Ingosstrakh OJSIC Vice President, said: “Over the last few years the market situation changed significantly. Hard times came instead of rapid growth. In 2010, companies struggled with consequences of the financial crisis, and some factors emerged for growth, qualitative development and recovery of investment appeal for the insurance market; the state strengthened its positions in the industry; during the second half of the year the market returned to pre-crisis growth rates. During the hard times Ingosstrakh OJSIC selected a strategy aimed at long-term cooperation with clients and focused on the increased quality of service and fulfillment of obligations. This strategy appeared right and finally gave positive results, which is evidenced by the award and public recognition.

Ingosstrakh Investment MC OJSC was also awarded. The managing company won Risk Management nomination. The leading rating agencies regularly note Ingosstrakh Investment’s success in risk management. The high level of reliability is evidenced by ratings by the National Rating Agency (AAA, maximum reliability), Expert RA (Raging A++, the highest level of reliability and service quality).

According to Farid Yunusof, General Director of Ingosstrakh Investment MC OJSC who was given the award, the prize and the ratings are recognition by the fund market leading experts of the company’s success in ensuring its reliability in post-crisis economic environment, which is characterized by high risk of investment.

It is worth reminding that Ingosstrakh OJSIC is a winner of various honorary awards. On March 9, 2011, Ingosstrakh OJSIC got a quality certificated GOST R ISO 9001–2008, which is one of the most objective evidences of business quality and company reliability. On April 11, 2011 Ingosstrakh OJSIC won Brand of the Year/Effie-2010 award. On May 31, 2011, Ingosstrakh OJSIC became a winner of the Golden Diploma National Award 2011 for information openness. In June 2010, Ingosstrakh OJSIC became a winner in nomination of Quinquennium Insurance Company, as well as Financial Olympus 2009 Award in the Largest Insurance Company nomination, Results and Success category, as well as the XII Golden Diploma All-Russian Award for information openness and undisputable business reputation. In May 2010 OJSIC Ingosstrakh won two major nominations in the Golden Salamander Award: Company of 2009 and Open Information Organization of the Year. In 2009 the insurer was the winner in these nominations as well. In April 2010 Ingosstrakh OJSIC became a winner of Brand of the Year/EFFIE 2009. In October 2010 Ingosstrakh OJSIC entered Expert TOP 400 of the largest Russian companies. In November 2010 Ingosstrakh OJSIC became a winner of 4 Expert RA awards: for leadership in insurance of people traveling abroad, motor hull insurance, water transport insurance, and professional liability. The awards were given as a part of an international top-management forum “The Future of the Insurance Market”. Additionally, the Company became a winner of the third international annual social award (prize) the Financial Pearl of Russia 2010 (the Best financial services for consumers) organized by Semeyny Budget magazine. For the fifth consecutive year the insurer is a winner of Expert 400 rating in Information Openness nomination.