“In order to grow aggressively in this ranking, increase insurance charges and forget about the underwriting, profitability, loss ratios, all of that just to catch up the shaft. This is not our aim,” explained the financial Director of the company Alexander Komolov.
MOSCOW, 13 APR./strong>. Company “absolute Insurance”, which now occupies the 52nd place at the box office among the Russian insurers, expects by 2018 to enter the thirty largest companies by this measure, reported to journalists the financial Director of the company Alexander Komolov on the sidelines of a press conference on Wednesday.
“Absolute insurance”, according to the company, in 2015 showed a positive result in all activities. Fees, in particular, grew by 10% and exceeded 2.6 billion rubles. The company plans next year to reach 3 billion rubles of insurance premiums, and annually to demonstrate the positive financial result for all types of reporting.
“Our plans to improve positions in the ranking… by 2018 we will be a progressive move. Probably in the top twenty will not come in, somewhere in the top 30 will be,” said Komolov, but emphasized that specific, hard goals to this effect, the shareholders not put.
According to the Treasurer’s office, to make an effort toward it, it makes no sense. “In order to grow aggressively in this ranking, increase insurance charges and forget about the underwriting, profitability, loss ratios, all of that just to catch up the shaft. It is not our goal,” he explained.
“There is still the regulator helps by their actions in 2015, and now 2016 continues. In fact, over 100 companies were subjected to sanctions: suspended license, revoked. Here you can automatically grow without doing anything. We therefore such tasks do not put. We have our own strategy on fees on the profitability of the business, and we adhere to it”, — said CEO Dmitry Rudenko.
“Absolute Insurance” (before renaming in 2016 — “IIC Euro-Policy”) was created in 1992 and is a universal company. Assets exceed 2.9 billion rubles, own funds — more than 1 billion, authorized capital — 966,5 million rubles. In 2015 confirmed the rating A+ “very high level of reliability” by the rating Agency “Expert RA”, the rating Outlook is “stable”.