Inlet Insurance (formerly Uralsib Insurance)

The Company provides a wide range of insurance services to retail and corporate clients, operates under the License of the Federal Insurance Supervision Service of the Russian Federation No. 0983 77 of 13.12.2005 under 22 types of insurance. Among them are property and liability insurance, voluntary medical insurance, car insurance. Demand for the company's products is steadily growing.

Partnership

URALSIB Insurance Group is a member of many professional and public organizations:

• All-Russian Union of Insurers
• Russian Union of Auto Insurers
• Moscow Association of Insurers
• National Union of Liability Insurers
• Russian Association of Aviation and Space Insurers (RAAX)
• Chamber of Commerce and Industry of the Moscow Region
• Association of International Road Carriers
• National Union of Agricultural Insurers
• Professional Association of Registrars, Transfer Agents and Depositories (PARTAD)
• Interregional Union of Health Insurers
• Association of Builders of Russia
• Russian Union of Builders
• Shipowner Liability Insurance Pool
• Risk Insurance Pool of Relationship Entities for Formation and Investment of Pension Savings Funds
• Compulsory Air Passenger Insurance Pool
• Russian Anti-Terrorist Insurance Pool
• Russian Nuclear Insurance Pool
• Chamber of Commerce and Industry

The company is also accredited to the Agency for Housing Mortgage Lending OJSC and is one of the leaders in the government program of preferential home insurance in Moscow.

URALSIB Insurance Group has reinsurance agreements with Russian and foreign insurance and reinsurance companies, which allows it to provide insurance services for large and complex risks and provide its clients with reliable and highly professional insurance protection. Among its international reinsurance partners are the Hannover Ruckversicherungs-Aktiengesellschaft, Munchener Ruckversicherungs Gesellschaft, Sirius International Insurance Corporation, Partner Reinsurance Company Limited, SCOR Global P&C SA, Swiss Re Germany AG, AXA Art Europe Asia Standard Insurance Syndication, and Insurance Company's other insurance syndicators

URALSIB Insurance Group also cooperates with qualified insurance brokers and agents: Willis, Marsh, JLT Risk Solutions, Zaris Risk Services, Kuhn & Bulov, Benfield, UIB, EOS Risq, NARS, Oakeshott, Heath Lambert Alatau, Cooper Gay.

Openness and agility

The characteristic features of the URALSIB Insurance Group are an innovative, democratic approach to management, a strong internal corporate culture and a wide involvement of employees in the company's affairs.

URALSIB Insurance Group strives to make its business as open and convenient as possible for the client at any time - for information, when purchasing a service, when an insurance event occurs. This allows customers to focus on their business, thinking not about possible risks, but about their own benefits and development.

Performance indicators

The net profit of Inlet Insurance in January-June 2023 amounted to 1 billion rubles. The volume of the collected premium almost doubled compared to the same period in 2022, to 1.8 billion rubles, according to the company's website.

History

2023: Sovcombank bought the insurance company "Inlet" for 6.8 billion rubles

At the end of August 2023, it became known about the sale of the insurance company "Inlet" (formerly "Uralsib Insurance") "Sovcombank." On the deal in the press service of the credit institution at the end of November 2023.

On August 31, 2023, the Sovcombank group closed the deal to acquire 100% of a large insurance group from third parties for 6.8 billion rubles. The deal is aimed at strengthening the group's insurance business, improving market positions in the life insurance segment, Sovcombank said, without specifying the name of the purchased company.

It became known about the sale of the insurance company "Inlet" "Sovcombank"

Knowledgeable sources told RBC that we are talking about Inlet Insurance. According to them, the perimeter of the transaction also included Inlet Life Insurance (formerly Uralsib Life), owned by PSK JSC.

Sovcombank previously entered the capital of Inlet Insurance: in early September 2023, it received 0.01% in the insurance company. In November of the same year, Inlet Insurance and Inlet Life Insurance were headed by Gabriella Urssu, former CEO of Sovcombank Life Insurance.

As follows from the data on the site, by the CENTRAL BANK end of November 2023, Inlife owns insurance licenses - for voluntary personal insurance, voluntary property insurance and reinsurance. Inlife Life Insurance has a separate license for life insurance, whose current owners are not disclosed.

As RBC notes at the end of November 2023, Sovcombank conducted an insurance transaction on the market on the eve of its IPO, which should take place in the near future.^[1]

1993 - 2023

The history of CJSC Insurance Group UralSib began on November 1, 1993 with the formation of CJSC Industrial Insurance Company.

In 2002, 100% of the shares of Industrial and Insurance Company CJSC became the property of the Financial Corporation NIKoil. The corporation's strategy was aimed at creating an integrated system for selling insurance and financial products of the investment banking group. As a result of integration, the corporation has the opportunity to offer consumers in any segment of the financial market a whole range of investment, commercial banking and insurance services. Thus, CJSC Industrial Insurance Company became part of one of the largest financial structures in Russia.

In 2003, it was decided to change the brand of PSK CJSC to NIKoil Insurance CJSC. The change of brand meant a change in the company's strategy: along with the organization of a cross-sales system within the framework of an integrated financial institution, the main goal of the activity was to develop classic types of insurance, retail and corporate sales, and expand the regional network. Special attention was paid to the development and implementation of new insurance and bank insurance products focused on the specific interests of different groups of consumers. Using 10 years of experience and leading positions in the national insurance market, NIKoil Insurance provided services to the population and enterprises for all main types of insurance: life, health, property, vehicles, liability, financial risks, etc. During the year, 15 branches and 98 agencies were opened in 49 regions of Russia. Thus, the total number of branches amounted to 73, agencies - 130.

In 2004, in connection with the signing of the strategic partnership agreement between the Financial Corporation NIKoil and the Banking Group URALSIB, the general meeting of shareholders of the company decided to change its name from NIKoil Insurance CJSC to Insurance Group UralSib CJSC. As the marketing studies have shown, this is the name of the company that was more promising for the integration and expansion of the insurance business. At the same time, the change in name did not mean a change in the adopted development strategy. The company's success in the regional insurance markets was awarded the Golden Salamander Prize in the Regional Insurance Market Leader nomination.

In 2005, the main tasks for the near future were identified: building the key principles of the established company, organizing a customer service system throughout the insurance cycle and creating the foundations for further business development. In the same year, the URALSIB Insurance Group won the Russian Financial Olympus Award in the nomination For Active Promotion of New Technologies, and was also awarded the diploma of the Russian Union of Industrialists and Entrepreneurs "For Contribution to Development, Creation of the Foundations of a Market Economy." The reliability level of the company was assessed by the Expert RA rating agency at the A + level.

In 2006, the URALSIB Insurance Group was accredited by a number of large financial organizations, which made it possible to strengthen and expand the built cross-sales system. In order to improve the quality of customer service, both in the course of insurance and in the settlement of insured events, it was decided to form a three-level business process management system throughout the regional network. The system involved building the interaction of branches combined into regional directorates with the central office, which made it possible to significantly increase the independence of branches in making various decisions. In the same year, the company's success in one of the priority types of insurance - voluntary health insurance - was awarded the Profession - Life prize in the nomination "Company of the Year in the field of health insurance."

In 2007, the company's three-tier business process management system was fully established. As a result of the transformation, 7 regional directorates were created, directly reporting to the head office and combining 74 branches, 179 agencies and 40 additional offices. At the same time, the system for resolving insured events was also actively improved: in 2007, Centers for resolving insured events were opened in cities such as Krasnodar, Perm and Orenburg. URALSIB Insurance Group continued to develop its business while maintaining a stable financial condition and ensuring the profitability of its operations. The result of this work was the assignment of the company by the Expert RA rating agency of the highest reliability rating - at the level of "A++" - "Extremely high reliability level." Along with this, the URALSIB Insurance Group won the Financial Elite of Russia Award in the nomination "Best Company of the Year in the Field of Property Insurance of Individuals," the Financial Olympus Award in the nomination "VHI Insurer. Dynamics and Efficiency, "as well as the Golden Salamander Award in the nomination" Social Project of the Year. "

In 2008, CJSC Insurance Group UralSib celebrated its 15th anniversary. Without dwelling on the results achieved, the company continued its development. In 2008, two branches were opened in the Moscow region - in the cities of Mytishchi and Odintsovo. As part of the program for the implementation of uniform customer service standards, in 2008, Loss Settlement Centers began their work in 13 cities:, To Penza, St. Petersburg Saratov,,, Yekaterinburg Voronezh Kemerovo,,, Novosibirsk To Samara Tyumen,,, To Ufa Yaroslavl Izhevsk and. Thus, Rostov-on-Don the total number of specialized units for the settlement of insurance claims reached 17. In 2008, the company was assigned a remote reliability rating of the National Rating Agency at the level of "AA" ("Very High Reliability"). The URALSIB insurance group became a laureate of the Financial Elite of Russia award in the Customer Orientation nomination, as well as a laureate of the Golden Salamander award in the Social Project of the Year nomination. The Expert RA rating agency confirmed the reliability rating of UralSib Insurance Group CJSC at the A++ level.

In 2009, the URALSIB Insurance Group implemented a number of major social projects: a social and information program on the safety of property of citizens was organized and conducted with the support of the Ministry of Internal Affairs of the Russian Federation in 17 cities of Russia; implemented a social project together with the magazine "Our Power": "Pride and Glory of Russia"; provided charitable assistance to disadvantaged and sick children in 19 cities of the country. The contribution of the URALSIB Insurance Group in the field of corporate social responsibility was assessed - the company won the national Company of the Year award in the nomination For Social Responsibility of Business. The Expert RA rating agency reiterated the reliability rating of UralSib Insurance Group CJSC at the A++ level, and also noted the company's achievements with a diploma "For the Development of the Regional Network" as part of the annual forum "The Future of the Russian Insurance Market." In addition, the level of stability of the company's business was confirmed by the Financial Elite of Russia prize in the Reliability nomination, and the success of the URALSIB Insurance Group was awarded the Golden Salamander prize in the Leader of Auto Insurance nomination.

In 2010, the URALSIB Insurance Group continued to implement socially significant projects throughout Russia as part of the Joy to the Children's Heart corporate charity program. The company's achievements in the field of corporate social responsibility were recognized by the professional community: the URALSIB Insurance Group was recognized as the winner in the nomination "For a socially responsible approach to business" in the framework of the national award "Company of the Year 2010," and also became the winner of the Golden Salamander award in the nomination "Social Project of the Year."

In 2011, the URALSIB Insurance Group focused on the development of a system of multi-channel distribution throughout the country, which allows you to interact with the client in the most convenient format for him. Also, as part of improving the client service, the following is being carried out: updating the value offering, developing the Federal Contact Center and the Quality Control Center, adapting the IT platform to new business requests, and implementing the Lean Office concept. The company's reliability rating was confirmed by Expert RA at the A + level "Very High Level of Reliability," and this leading rating agency of the company was awarded a diploma "For a high level of regulation of the risk management process." The Chamber of Commerce and Industry of the Russian Federation awarded the URALSIB Insurance Group with the Golden Mercury Prize in the nomination "For Contribution to the Formation of a Positive Business Image of Russia." The tradition of broad charity work was deservedly awarded with the Diploma of the II Interregional Volunteer Festival "Road of Good" in the nomination "Best Volunteer Initiative."

In 2015, the URALSIB insurance group is one of the top 15 largest insurance companies in Russia, has 23 years of experience in the market. The company has a reliability rating from Expert RA at A + (very high reliability rating). In November 2015, as part of Uralsib Bank's recovery program, Vladimir Kogan acquired an 82% stake in the bank, whose asset is URALSIB Insurance Group.

In October 2017, the Bank of Russia revoked the license from the Uralsib insurance group for the provision of OSAGO insurance services, follows from a message on the regulator's website. The decision was made in connection with the voluntary refusal of the company to carry out activities related to auto insurance. It comes into force on the day of publication.

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