The rating of the insurance companies. Insurance company: security rating

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2018-03-26 15:30:20

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In the Russian Federation, as in other countries of the former Soviet Union, to insurance are ambiguous. Why it happened is unclear. Perhaps because of the mentality of the Slavs, who always hope for the best and afraid to think of yourself in advance in some kind of trouble.

In most European countries, the United States and other developed countries to the question about the necessity of insurance are very different. In this world, have long realized that, whether we like it or not, but there is always the possibility of an accident, illness, and sometimes it is better to protect yourself and your loved ones than to get into a difficult financial position.

insurance

They Also say that the market in Russia work a weak insurance company reliability rating leaves much to be desired. Like it or not, we will analyse later in the article.

What are the different types of insurance?

Types of insurance there are many. It can be divided into personal and property. The first group includes services that are related to health: life insurance, health, accident, medical and others. The second group includes all those services that are associated with property interests: property insurance, car purchase and others.

There are insurance services that are provided to legal entities: insurance deals, production, sales and many others.

rating insurance companies

If a person has decided to insure, he faces the problem of selecting an insurance company that would be able to meet his needs, and to provide the necessary services.

Why the need For rating of insurance companies?

The Market is filled with various companies that provide insurance services, and sometimes difficult to choose which one is the best. For example, a lot of money to spend on self-promotion insurance company of Moscow. Rating, because of this, is improved by increasing the customer flow. But will it be a full representation of the real level of reliability of the insurer?

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In the insurance business, there is nothing more important for the insurer as the high reputation in the market of services. If the company is not known, its services will only be available to old customers, who have more or less loyal to it.

Service Level plays a minor role

In addition, a very important positive feedback from people. Psychologists often say that a satisfied customer will recommend the firm 2-3 friends, and unhappy will tell 10 people and more about what a bad organization it served. So the question of good service all insurers shall keep at the best level.

There are many more criteria that are important to the successful functioning of insurance companies in the market of granting of services in insurance of various risks.

In order to understand which of the insurers is the market leader and who is a loser, which it is not necessary to refer rating of insurance services.

insurance rating insurance company

With this ranking it is easy to choose the right insurance company and be confident in fulfilling its commitments without any pitfalls.

What criteria are given more attention in the evaluation?

To find the best insurance companies in Moscow, the rating need to be carefully taking into account all possible indicators. They have to show financial solvency of the insurance company the stability of its business relationships, the presence of debt obligations.

Besides, it is necessary to understand the level of insurance payments, the structure of the customer portfolio and other financial indicators that will help to see the level of stability and financial condition of the insurance company.

insurance companies of Moscow rating

Basically, the rating of insurance companies is based on the analysis of the following groups of indicators:

  1. Indicators of external sustainability.
  2. Portfolio Insurance.
  3. Financial performance.

Consider each group of these indicators.

Performance sustainability

Analyzing the indicators of external stability, take into account the movement of assets, their structure and dynamics. In addition, take into account the value of the share capital and the total amount of insurance premium.

Important is the analysis in which the Association is a company what is the market position, its relationship with state control and the competence of managerial personnel.

Analyzing these indicators, it is necessary to consider the management structure of the insurer and its financial capabilities.

Considering the external resistance, the conclusion of each regional office of the insurance company: its profits and losses, position in the local market of insurance services. Moreover, the rating of insurance companies in Moscow may significantly differ from the positions occupied by companies in other regions. After all, every city has its own income, which is reflected by the level of solvency.

Insurance portfolio

Studying insurance portfolio, you need to understand the structure of the insurance company. You need to determine howprofitable is every kind of insurance and the total volume of risks.

The Obtained data is compared with the client base. Analyses the amount, structure and dynamics of a client's portfolio. Examines how the best insurance companies current customers what level of displacement create loyal policyholders, and how quickly there are new insurance contracts.

Also Important is the policy pursued by the insurance company under the reinsurance. Guaranteed whether serious risks that can lead to a great level of insurance payments. Compares the maximum level of insurance payments with a total volume of own funds.

Financial performance

The Financial indicators are divided into three groups.

1. Indicators of liquidity and solvency.

Analysis of different degrees of liquidity of the company shows how quickly she will be able to pay its debts if at some point all lenders will demand returns on their investments. The solvency ratios show the need of insurance companies to attract additional funds.

insurance company reliability rating

In addition, we analyze the structure of accounts payable, that provides to understand its causes and the time required for full repayment. Also the calculation of the brand's solvency ratio and capital adequacy ratio.

2. Earnings and loss.

Return on assets help to determine the level of the company's profit for one services rendered. The calculation of loss ratios helps to assess the level of costs that an insurer spends to conduct its activities. The analysis of the sufficiency of those revenues that accrue to the insurance company for insurance payments, as well as cover their own ongoing costs of doing business.

3. Indicators of investment policy.

With the help of appropriate indicators, assesses the development of the insurance company, return on investment, but also analyses the impact of the activities being optimized.

You Cannot rely solely on public opinion

Rating insurance companies – it is a complicated calculation which involves almost all the indicators that you can think of for the rating of the insurance company. Conducting such tests should only be experts.

A Survey of people about their opinions about the services of some insurance company – this is only a partial element of a long and tedious process that you must complete to create a truly objective rating.

You Need to understand that for the survey a considerable influence on results renders the human factor. People tend to be under the influence of advertising, imposed opinions. That is, analyzing insurance company people's rating should not be taken as the only correct.

rated insurance companies in Moscow

The Insurance company may not be the best, but through Newspapers, magazines, television and other marketing techniques in the population might get a wrong opinion about its reliability.

Before any insights you need to properly perform all insurance companies. The reliability rating, compiled on the basis of the correct indicators is able to correctly identify the market leaders.

Consider how the insurance company ended last year and who were in the Top.

Rating of insurance companies according to the results 2014

After Analyzing the results which showed the insurance company in 2014, we can conclude that last year was challenging for the entire market of insurance services. Not been various kinds of surprises in earned income, a sharp change of positions compared to 2013 rankings.

If you compare the amount of insurance premiums received (cash paid by the policyholders), then the three leaders who demonstrate the best results for the Russian market remained at the podium.

First place went to the insurance company “Rosgosstrakh”, which received of 105.2 billion rubles. The second is the SOGAZ with an income of 105.2 billion rubles, and in the third place holds «Ingosstrakh», which managed to raise insurance premiums in the amount of 65,8 billion.

If you analyze the structure of their income, we can conclude that the majority of the funds were received by contracts on voluntary insurance of property.

The amount of payments, which is one of the most important indicators for insurance companies, the three leaders remained the same. In the first place for payments is the insurance company “Rosgosstrakh”, which has carried out a compensation of damages totaling 55.1 billion rubles. On the second and third place respectively «Ingosstrakh» and SOGAZ.

If we consider the amount paid in proportion to the insurance premium paid, in the first place is SK «Alliance», «Ingosstrakh», as well as SK “Agreement”.

In 2014, insurance company “Rosgosstrakh” leads in the number of contracts. No less, she managed to make in the amount of 34.5 million units. In second place is “Group”, which made 11.8 million contracts. Third place went to the insurance company “thank you” which concluded more than 8.4 millioncontracts.

insurance company people's rating

In 2015 now and what are the forecasts?

Experts note a significant decline in customer activity. Related with worsening economic indicators and a fall in GDP. Indeed, the depreciation of the ruble has significantly hit the pocket as an ordinary citizen, and various business entities with the need to deliver products from abroad.

According to forecasts, only two types of insurance services will be able to support in 2015, the rating of insurance companies: life and insurance.

Many believe that the market will shrink and the larger companies are willing to literally eat Breakfast small firms that provide insurance services. That is, there is a tendency of consolidation of the market through acquisitions.

This, for example, shows this type of insurance as insurance. The rating of the insurance company “Rosgosstrakh” for the first half in the form of insurance services increased compared to the same period in 2014. If last year the share of this company in the compulsory insurance of civil liability of the driver was of 29.5%, now exceeds 36 percent.

And if you analyze the increase in fees for insurance, rating of insurance company “thank you” has also improved. So, in 2015, she managed to increase the total amount of fees 48.5%.

In 2015, the market tends to coarsen

According to the results of the first half of the total market share of insurance companies, which are included in the top ten, increased to 77%, which also speaks of the enlargement of the market.

If you want to understand whether to cooperate with a particular insurer, it is best to know its rating. Insurance companies St. Petersburg or the capital can have different amount of premiums collected due to the different regional situation, which determines the General level of the flow of customers. In this well-written analysis help to take account of this fact and understand what is it that the insurance company is right for you.


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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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