Organizational and economic characteristics of SOAO VSK. Analysis of the financial activity of an insurance organization (on the example of JSC VSK Insurance House)
Insurance indemnity is paid in case of loss and damage to property only in the places (shops, warehouses, workshops, etc.) indicated in the insurance application, as well as during the transportation of this property, except in cases where the carrier is responsible.
The objects of insurance of property owned by agricultural enterprises are:
- buildings, structures, transmission devices, power, working and other machines, vehicles, equipment, fishing vessels, fishing gear, inventory, products, raw materials, materials, perennial plantings;
- farm animals, poultry, rabbits, fur-bearing animals and families of bees;
- agricultural crops (except hayfields).
For movable and immovable property, the insurance contract provides for typical insured events.
Insurance of agricultural crops is carried out against the risk of death or damage as a result of: drought, lack of heat, excessive moisture, soaking, warming, freezing, freezing, hail, downpour, storm, hurricane, flood, mudflow, lack of water or low water in irrigation sources and as a result other meteorological or other natural conditions unusual for the area, as well as from diseases, plant pests and fire.
In property insurance of citizens, the following groups of insurance objects are distinguished: buildings, home furnishings (household property), animals, vehicles.
Under the building insurance contract (Appendix K "Citizens' property insurance policy"), residential houses, summer cottages, garden houses, outbuildings put in a permanent place, having walls and a roof, as well as apartments with all elements, finishes and equipment specified in the application for insurance (Appendix L "Application for insurance of property of citizens").
The insurance does not cover the following property:
- apartments requiring major repairs, dilapidated or destroyed buildings to be demolished;
- buildings located in areas threatened by collapses, landslides, floods, etc.
The insured value of a building is determined based on the replacement cost at current prices, taking into account the amount of depreciation. The cost of a privatized apartment is calculated based on the total area and the average cost of one square meter.
Household property is understood as household items, household items and consumption, such as furniture, television, audio and video equipment, household and computer equipment, lighting fixtures, etc., designed to meet personal household and cultural needs, as well as elements of decoration and equipment. apartments.
Items are not accepted for insurance, the fact of death of which from a fire, natural disaster or theft is difficult to establish (for example, documents, banknotes, securities, manuscripts, objects of religious worship), as well as birds, indoor plants, etc. However, they may to conclude a special agreement.
Under the terms of home property insurance, policyholders can be not only individuals, but also legal entities - state and commercial organizations that accept citizens' property for storage, commission, for processing, repair, etc., if the charter of these organizations provides for such insurance.
Sums insured are established by agreement between the insurer and the insured and cannot exceed the actual value of the insured property at the time of conclusion of the contract.
Adult apartment owners, responsible tenants or tenants (tenants) of housing, as well as members of their families, may be the insured of residential premises and household property.
Insurance of animals owned by citizens is carried out on the basis of a certificate of registration of the animal in the veterinary station and a certificate of health of the animal, and for club animals, in addition, on the basis of a document from the club. Sick, emaciated animals are not accepted for insurance. In addition, the insurance contract cannot be concluded in those areas where quarantine is established.
Vehicle insurance contracts are concluded with citizens of Russia, foreigners permanently residing in its territory, as well as with stateless persons. Accepted for insurance:
- vehicles subject to registration by the traffic police of the Ministry of Internal Affairs:
- motor vehicles, including those with trailers of industrial production;
- motorcycles, motor scooters, motorized carriages, motor sleds, snowmobiles (aerosleighs), mopeds with an engine capacity of at least 49.8 cm3;
- water transport, subject to registration by special authorities: boats - rowing, sailing, motor (except inflatable); boats and yachts - motor, sailing, motor-sailing.
The main vehicle insurance contract is concluded for a period of one year or from two to 11 months, additional - for the period remaining until the end of the main contract.
An insured event when insuring buildings and household property owned by citizens is damage to the property specified in the insurance contract as a result of the following events:
fire;
- accidents of the heating system, water and sewer networks;
- penetration of water from neighboring (foreign) premises;
- natural Disasters;
- theft, robbery, robbery and other illegal actions of third parties;
- falling aircraft or debris from them, collisions with vehicles, falling trees and other objects.
Only in addition to the listed risks, property can be insured against subsidence, soil subsidence, defrosting of heating, sewerage, water supply systems, from the effects of electricity in the form of a short circuit, a sharp change in current or voltage in the network, etc.
When insuring animals, the death of animals as a result of illness, accidents, as well as forced slaughter due to natural causes or by order of the veterinary service are added to the insurance coverage.
The amount of the insurance premium is determined depending on the sums insured, tariff rates and the term of insurance, taking into account the benefits and discounts provided. Tariff rates are set for each type of property as a percentage of the sum insured per year, taking into account specific insurance conditions (for example, building insurance tariff rates are different for urban and rural areas).
Damage in this type of insurance is considered: in case of destruction or theft of an item - its actual value (including wear and tear) based on retail prices; in case of damage to the item - the difference between its actual value and the value of this item, taking into account depreciation as a result of an insured event.
The amount of damage includes the costs of saving property and putting it in order in connection with the occurrence of an insured event.
Features of the contract of property insurance of citizens:
- the contract must indicate the address or territory where the object is considered insured;
- residential premises insurance contracts are concluded for a period of one year, home property can be insured for a period of one month to three years;
- the sum insured during the validity of the insurance contract can be adjusted at the request of the insured, taking into account the level of inflation (increase in the sum insured or determination of the sum insured in dollar terms, subject to payment of compensation in ruble equivalent);
- policyholders are offered a system of discounts and benefits, which can be combined into three main groups: discounts for break-even insurance, benefits for continuous insurance, discounts for certain categories of clients (pensioners, disabled people, etc.).
Chapter 2. Analysis of property insurance on the example of Petropavlovsk-Kamchatsky branch C
2.1. Organizational and economic characteristics of the Petropavlovsk-Kamchatsky Branch C
Insurance House VSK (C) has been carrying out insurance activities since 1992 and currently occupies a leading position in the Russian insurance market.
VSK is the largest all-Russian universal insurance company, it sells more than 100 types of modern insurance services, provides insurance coverage for more than enterprises and organizations, as well as 9 million Russian citizens.
The authorized capital of the company is formed in the amount of 3.2 billion rubles.
At the end of 2013, the Company is included in the TOP-20 largest insurance companies in Russia, ranking seventh. VSK collected insurance premiums in the amount of 37.81 billion rubles and paid out 18.12 billion rubles of insurance compensation to its customers.
In the national rating of insurance companies in Russia, conducted by the Expert RA rating agency, in 2001 C became the first company to receive the highest reliability rating A ++ "Exceptionally high level of reliability" and has consistently maintained it to this day.
The high level of the VSK quality management system is confirmed by the GOST R ISO certificate (ISO 9001:2008) and complies with international standards.
Insurance House VSK was recognized as the winner of the national award in the field of business "Company of the Year 2013" in the nomination "Insurance Company".
VSK has the most extensive regional network among Russian insurance companies operating within a single legal entity - more than 840 branches and branches in the main administrative and industrial centers of our country (Figure 1).
Figure 1 Regional Network C
Petropavlovsk - Kamchatka branch of the Insurance Open Joint Stock Company "VSK" (hereinafter referred to as the Branch) was established on the basis of the decision of the Board of Directors of the Company dated October 8, 1992 No. 4.
The branch carries out its activities in accordance with the legislation of the Russian Federation, the Charter of the Company and other regulatory and administrative acts of the Company.
The branch is a separate subdivision of the company and performs its functions. The branch is not a legal entity, acts on behalf of and in the interests of the company. The branch has seals, stamps and forms with its name and the short name of the company.
The purpose of the branch's activities is to achieve a positive financial result in the performance of the Company's functions.
The branch, within the framework of the powers granted, carries out on behalf of the Company the insurance activities provided for by the license issued to the company by the insurance supervisory authority.
The subject of activity and functions of the branch:
- conclusion of insurance, reinsurance and co-insurance contracts;
- protection of property interests of individuals and legal entities in the event of insured events at the expense of monetary funds formed from paid insurance premiums;
- assessment of insurance risks;
- determination of the amount of loss or damage;
- making insurance payments;
- realization of subrogation rights, etc.
The branch's property is an integral part of the Company's property, belongs to it by right of ownership and is reflected in the unified balance sheet of the Company.
The Branch will fulfill the obligations of the Company for settlements with the budget and extra-budgetary funds, as well as for other obligatory payments arising in connection with the Company's tax registration with the tax authorities at the location of the Branch of the Company.
General management of the activities of the Branch is carried out by the Management Board and the General Director of the Company.
The management of the current activities of the Branch is carried out by the director of the Branch, appointed by order of the General Director of the Company, on the basis of a power of attorney.
The organizational structure of the Petropavlovsk-Kamchatsky Branch C is shown in Scheme 1.
Scheme 1. Organizational structure of the Petropavlovsk-Kamchatsky branch C
Accounting, reporting and document flow in the Branch is carried out in the manner determined by the current legislation of the Russian Federation, other regulatory and administrative acts of the Company. The results of the insurance and financial and economic activities of the Branch are reflected in the statistical and accounting reports and are included in the balance sheet and profit and loss statement of the Company, accounting and statistical reports of the Company.
In the Kamchatka Territory, as of January 1, 2014, according to statistics from the Insurance Market Department of the Bank of Russia, 35 insurance companies carry out insurance activities. TOP-10 companies in terms of revenues of the Kamchatka Territory at the end of 2013 are shown in Figure 2.
Figure 2. TOP-10 largest insurance companies
Kamchatka Territory, 2013
According to the results of 2013, Petropavlovsk-Kamchatsky branch C occupies 13.63% of the Kamchatka insurance market in terms of the volume of collected insurance premium, yielding the championship to Alliance (20.31%).
Consider information about the collected insurance premium and payments of the Petropavlovsk-Kamchatsky branch for the years. (Table 1).
Table 1. Dynamics of receipts and payments of the Petropavlovsk-Kamchatsky branch of VSK in years, thousand rubles
Indicators | Year | Deviation (+/-) | Growth rate,% |
||||
2011 | 2012 | 2013 | 2012/2011 | 2013/2012 |
|||
Income | 79 965 | 25 500 | 6 851 | 131,889 | 106,496 |
||
Payouts | 20 299 | 24 048 | 79 714 | 3 749 | 55 666 | 118,469 | 331,479 |
The dynamics of the receipt of bonuses and payments of the branch is clearly shown in Figure 3.
Figure 3 Dynamics of receipts and payments of the Petropavlovsk-Kamchatsky branch of "VSK" in the years.
According to the analytical table 1, the total amount of collected insurance premiums under insurance contracts in 2012 compared to 2011 increased by 25.5 billion rubles. (31.889%), in 2013 this trend continues - the growth rate was 106.496%.
Insurance payments in 2012 compared to 2011 increased by 3.749 billion rubles (18.469%). In 2013 growth rate of insurance payments in comparison with 2012. amounted to 231.479%.
In this regard, it is necessary to conduct a more detailed analysis of insurance receipts and payments by types of insurance for the years.
Information on insurance premiums and payments by types of insurance for the years. are presented in table 2 (Appendix M).
Table 2 shows that in 2013 the total amount of collected insurance premiums increased by 6 billion 851 thousand rubles (6.5%). This was due to an increase in the share of premiums received for such types of insurance as personal insurance and OSAGO.
The share of each type of insurance is shown in Figure 4.
https://pandia.ru/text/79/244/images/image009_11.jpg" align="left" width="326" height="259 src=">2012 2013
Figure 4. The structure of the insurance portfolio of the Petropavlovsk-Kamchatsky branch for the years.
The share of obligatory OSAGO insurance (33.263%) in the total volume of collected insurance premiums of the Company increased by 1.5 times (by 55.3%) compared to 2012, which ensured an increase in premiums by 13.330 billion rubles.
At the same time, compulsory third party liability insurance, as in the past year, occupies the largest share in terms of insurance payments (46.466%).
An increase in insurance premiums of 2 billion 843 thousand rubles. secured by an increase in the share of voluntary personal insurance. This factor, in turn, caused a significant increase in insurance payments in 2013. In comparison with 2012, the volume of personal insurance payments increased from 4.416 to 14.929 billion rubles (338.066%).
As can be seen from Table 2, the Company's property insurance portfolio includes property insurance (25.52%) and civil liability insurance (2.4%). At the end of 2013, the shares of both types of insurance decreased by 7.497% and 2.056%, respectively. If the Company had kept the results of 2012 in this segment, the growth of premiums received from policyholders would have amounted to 8.163 billion rubles.
It should be noted that the decrease in income under property insurance contracts is accompanied by an increase in the volume of insurance payments on them. For 2013 the branch of the Company paid out 27.531 billion rubles of insurance compensation, which is 22.617 billion rubles and 5.6 times higher than the figure for the year.
In 2012, in terms of income, property insurance occupied the largest share in the insurance portfolio of the Kamchatka branch С 37.479%. In 2013 it fell to 27.925%. At the same time, the unprofitability of the sum insured with insurance payments of 4.914 billion rubles. was 12% in 2013. - increased to 88%.
In order to identify the reasons for the decline in revenues and a sharp increase in insurance payments, as well as to determine the economic consequences of these events, it is necessary to analyze the property insurance of the branch in the context of each type of insurance carried out: property insurance and civil liability insurance.
2.2. Analysis of the main performance indicators of the Kamchatka branch C for property insurance and civil liability
I. Property insurance.
Property insurance in Petropavlovsk-Kamchatsky Branch C is carried out on the basis of legislative regulatory documents governing insurance activities in the Russian Federation, as well as on the basis of local regulatory documents C (“Rules No. 14/4 of property insurance of enterprises (organizations and institutions) of all organizational and legal forms” , "Regulations No. 12/3 for hull insurance of watercraft", "Regulations No. 13/1 for cargo transport insurance", etc. and underwriting guidelines for these types of insurance).
According to the licenses obtained by the Company, the branch carries out the following types of property insurance:
The relevance of this topic is unambiguous. External users cannot make their choice based solely on enterprise reporting. In addition, reporting itself may not always provide all the necessary information. In this case, resort to financial analysis. Competent financial analysis is able to give a clear idea of the state of the enterprise for the period. Using this data, you can assess the level of solvency, investment policy, changes in the structure of the balance sheet, and much more.
1. Introduction 3
2. General economic characteristics of JSC "VSK" 4
3. Analysis of performance indicators of JSC "VSK" 15
5. Conclusion 28
6. List of used literature 29
The work contains 1 file
Federal Agency for Education of the Russian Federation
Baikal State University of Economics and Law
Finance and credit
Department of Insurance and Risk Management
Course work
Subject "Finance of insurance organizations
(management and analysis)»
on the topic of:
The financial analysis
JSC "VSK" for 2007-2009
Completed by: Kopylova Ya.K.,
F-07-6
Checked by: d.e.s. Zhigas M.G.
Irkutsk, 2011
1. Introduction 3
2. General economic characteristics of JSC "VSK" 4
3. Analysis of performance indicators of JSC "VSK" 15
5. Conclusion 28
6. List of used literature 29
Introduction.
In a general sense, the financial condition of an enterprise is a set of indicators that reflect its ability to pay off its debt obligations. The financial condition is the result of the interaction of all elements of the system of financial relations of the enterprise and therefore is determined by a combination of production and economic factors. Thus, we can say that we are assessing the financial condition of the insurer. In addition, the work will identify opportunities to improve the efficiency of the enterprise.
The relevance of this topic is unambiguous. External users cannot make their choice based solely on enterprise reporting. In addition, reporting itself may not always provide all the necessary information. In this case, resort to financial analysis. Competent financial analysis is able to give a clear idea of the state of the enterprise for the period. Using this data, you can assess the level of solvency, investment policy, changes in the structure of the balance sheet, and much more.
The purpose of the work is to conduct an analysis based on the methodology, identifying the strengths and weaknesses of the insurer. The object of the work is the insurance company - JSC "VSK", the subject - the financial condition of this company.
The objectives of financial analysis, and, accordingly, this work are:
Assessment of the dynamics of the composition and structure of assets, their condition and movement;
Analysis of absolute relative indicators of the financial stability of the enterprise, assessment of changes in its level;
Analysis of the solvency of the enterprise and the liquidity of the assets of its balance sheet.
Chapter 1. General economic characteristics of JSC "VSK"
VSK Insurance House (OJSC VSK) has been carrying out insurance activities since February 11, 1992 and is currently one of the top five leaders in the Russian insurance market.
VSK is the largest all-Russian universal insurance company that sells more than 100 types of modern insurance services, provides insurance coverage for more than 100,000 enterprises and organizations, more than 10 federal ministries and departments, 3 million Russian citizens.
VSK has the most extensive regional network among Russian insurance companies operating within a single legal entity - more than 800 branches and offices in the main administrative and industrial centers of our country. The presence of a large number of representative offices gives VSK the opportunity to provide modern insurance services and make payments to its customers throughout Russia, regardless of the place where the insurance contract is concluded.
1,700 million rubles of authorized capital, formed insurance reserves, a well-established risk reinsurance system in the world's largest reinsurance companies, and a balanced insurance portfolio ensure high reliability of VSK's operations.
The shareholders of VSK JSC are:
LLC VSK Group;
LLC "Vek-B";
Credo-TM LLC;
CJSC "BASE HOLDING".
For a great contribution to the development of the insurance business and social protection of military personnel by the President of the Russian Federation Putin V.V. in 2002 and 2007, the VSK team was thanked.
In 2008, VSK Insurance House confirmed the A++ rating - "Exceptionally high level of reliability", which was assigned to the Company seven years ago.
The results of a comprehensive assessment of the Company's activities in 2007-2010 made it possible for VSK Insurance House to receive the highest rating class A++ again. In the course of the study, the experts of the Expert RA agency studied the documents and information provided by the VSK Insurance House covering all aspects of its activities.
According to the experts of the rating agency, VSK activity is characterized by a high level of solvency and financial stability. The company's investment policy had a positive impact on the rating. Insurance House VSK has high-quality obligatory reinsurance protection, which is one of the best in the Russian insurance market, both in terms of quantitative indicators and in relation to the quality of partners. Another important factor is the largest among Russian insurers and at the same time an efficient network of branches. Organization of their work, maintenance of a unified database, control and competent management of their work, advanced IT-technologies testify to the great attention paid by the company to entering potentially attractive regional insurance markets.
The rating agency "Expert RA" was established by the business magazine "Expert" in 1997 and is the leader in the rating of Russian industrial enterprises, Russian regions, financial, auditing, insurance companies and Russian exporters. The Agency is also an authorized agent of the Central Bank of the Russian Federation and the FCSM for the disclosure and dissemination of information about banks, financial institutions, insurance companies and issuers of securities.
The methodology used by Expert RA for rating insurance companies received a positive opinion from the audit and consulting group PricewaterhouseCoopers and is unique for Russia and the CIS countries. In fact, this is the only independent expert assessment that testifies to the transparency and openness of domestic insurers.
The partners of VSK Insurance House are:
International Moscow Bank;
MIAN;
Zeus Travel;
Association of wooden housing construction;
Association of Managers;
Russian Union of Youth;
JSC "SYNERGY";
CJSC "BKR-Intercom-Audit".
License No. 1961 D for the right to conduct insurance activities was issued to: the insurance organization "Open Joint Stock Company "Military Insurance Company"", legal address: 121170 Moscow, Kutuzovsky pr-t, 36.
Types of insurance activity:
For personal insurance
Voluntary life insurance;
Voluntary accident and illness insurance;
Compulsory accident and illness insurance;
Voluntary health insurance.
For property insurance
Voluntary insurance of means of land transport;
Voluntary insurance of air transport means;
Voluntary insurance of water transport means;
Voluntary cargo insurance;
Voluntary insurance of other types of property;
Voluntary insurance of financial risks.
Liability insurance
Voluntary civil liability insurance of motor vehicle owners;
Compulsory civil liability insurance of motor vehicle owners;
Voluntary insurance of civil liability of the carrier;
Voluntary insurance of civil liability of enterprises - sources of increased danger;
Voluntary professional liability insurance;
Voluntary insurance of other types of liability.
In accordance with Article 6 of the Federal Law "On the organization of insurance business in the Russian Federation" dated December 27, 1992 No. 4015-1 (as amended on July 21, 2005) on the division of Insurance companies by type of activity, from April 1, 2007 d. The insurer under life insurance contracts is OOO Insurance Company VSK - Liniya Zhizni, which is a subsidiary of OAO VSK.
The authorized capital of VSK - Liniya Zhizni LLC as of 01.01.2007 is 72,000,000 rubles. and paid in full.
License to carry out insurance activities C No. 386677 dated October 29, 2008.
The largest insurance payments made by JSC "VSK":
2007:
March - Salvation of the ship "SAMARY" - $ 1,000,000;
March - The death of the ship "Sinegorye" - $ 1,700,000;
April - Damage to the building of the production complex of the printing industry as a result of a fire - $ 2,250,000;
May - Fire in the warehouse of souvenirs - $ 2,230,000;
August - An-74 plane crash in Cameroon - $ 3,440,000.
2008:
January - Fire in the entertainment complex - $ 5,300,000;
February - The sinking of the ship Sunny Day - $ 1,850,000;
April - Fire on the ship Herex 4 - $ 1,310,000;
October - Fire and destruction of products in a shoe warehouse - $ 1,460,000;
December - Fire in the building of the steel rolling shop - $ 4,410,000.
year 2009:
January - Fire in the building of the rolling shop - 143.32 million rubles;
November - Damage to goods in the warehouse as a result of a fire - 100.26 million rubles;
December - Total loss during testing of the Su-35 aircraft - 297.05 million rubles.
The company's payout ratio is 0.49 in 2007, 0.55 in 2008, and 0.60 in 2009.
CONTENT
Page
Introduction………………………………………………………………………...….….3
Chapter 1. Organizational and legal basis for the activities of the VSK Insurance House………………………………………………………………………………………..5
1.1. General information about the company…………………………………….…….... ….5
1.2. The history of the company……………………..…….......... .…..9
1.3. Kursk branch of SOAO VSK………………………………………...16
Chapter 2. The main activities of the insurance company and the types of services provided……………………………………...……..………. .……..nineteen
2.1. Auto insurance ………………………………………………….……..19
2.2. Personal insurance……………………………………. .........................23
Chapter 3. Financial analysis of SOAO "VSK" for 2008-2010……….....27
3.1. Horizontal and vertical analysis of the property of SOJSC "VSK"...27
3.2. Coefficient analysis…………………………………………………...35
3.3. Recommendations for improving the efficiency of the company … ..38
Conclusion………………………………………………………………………….…..40
List of used sources and literature………………………….……42
Applications……………………………………………………………………………..43
INTRODUCTION
VSK has more than 17 years of experience in the insurance services market. During this time, the company has gained a strong position in the insurance market, and today is able to provide high-quality insurance services throughout the country. The number of company branches in various regions has exceeded 600, and the network of branches is constantly expanding. Every year the client base of the company increases significantly.
Today both private clients and legal entities can use insurance services in VSK. To date, many Russian organizations and companies have already become VSK clients - their number has exceeded 100,000. Many ministries and departments are among VSK clients. And the number of citizens who have already appreciated the benefits of contacting the company is about 10 million people.
VSK provides a wide range of insurance services and can rightfully be considered a universal company. The line of VSK insurances, which is constantly updated, includes voluntary medical insurance, CASCO and OSAGO car insurance, property and liability insurance, etc. The license obtained as a result of joining the Russian Union of Auto Insurers allows the company to conduct compulsory OSAGO insurance.
In connection with the above, the ability to analyze the company's official reporting and identify ways and methods to improve the efficiency of its activities is of great importance.
The purpose of the report is to analyze the financial condition of a credit institution and offer recommendations for improving the efficiency of an insurance company.
To achieve these goals, it is necessary to solve a number of interrelated tasks:
- to study the general principles of organization and functioning of SOAO "VSK";
– to consider the history of the emergence and development of the company;
– consider the main activities of the company and the types of insurance services provided;
– to analyze the financial condition of SOJSC “VSK” for 2008-2010 according to the balance sheet data;
–conduct a structural and dynamic analysis of the company's assets and liabilities;
-provide recommendations to improve the efficiency of the company.
The object of this report is the insurance open joint stock company "VSK". Subject - analysis of the financial condition of SOJSC "VSK". The research period is 2008-2010.
The following methods were used during the analysis: horizontal analysis, vertical analysis, comparison method, grouping method, coefficient method, method of relative and average values, balance method.
The work is based on a review of domestic literature, using the annual financial statements of SOAO "VSK" for 2008-2010, as well as materials from various Internet resources.
CHAPTER 1
- General information about the company
Full name Insurance Open Joint Stock Company "VSK", located in Moscow, st. Island 4.
The subject of the Company's activity is the protection of the property interests of individuals and legal entities in the event of the occurrence of certain events (insured events) at the expense of funds formed from the insurance premiums (insurance premiums) paid by them.
The authorized capital of the Company is formed in the amount of 1,700,000,000 (one billion seven hundred million) rubles and is divided into 17,000,000 (seventeen million) placed ordinary registered shares with a nominal value of 100 (one hundred) rubles each.
The Company creates a reserve fund in the amount of 15 (Fifteen) percent of its authorized capital. The Company's reserve fund is formed by mandatory annual deductions in the amount of 5 (Five) percent of the Company's net profit until the specified amount is reached and is intended to cover the Company's losses, as well as to redeem the Company's bonds and buy back the Company's shares in the absence of other funds. The reserve fund cannot be used for other purposes.
The General Meeting of Shareholders determines the list and size of other funds formed by the Company on the proposal of the Board of Directors.
The beginning of the work of VSK in the insurance market of Russia was the solution of an important state task - the development and implementation of a mechanism for ensuring social and insurance protection for employees of federal authorities and military personnel. VSK has developed the entire regulatory framework, the system of insurance payments, which has justified itself and is successfully operating to the present. In the mid-1990s, the company's management made a strategic decision to diversify its business. And today VSK offers its clients a full range of traditional insurance products, as well as a number of our innovative developments.
Today, VSK sells more than 100 types of high-quality insurance services, such as insurance for legal entities, insurance in the aviation sector, in the space sector, in the maritime sector, in the construction sector, cargo insurance, private property insurance, auto insurance, accident insurance, voluntary medical insurance , life insurance, travel insurance, bank insurance, mortgage insurance, insurance of leasing operations, and provides insurance coverage for over 70,000 enterprises and organizations, 10 million Russian citizens.
Among the clients are such large financial, industrial and foreign trade organizations as the Central Bank of the Russian Federation, Sberbank, VTB, the Russian Aviation and Space Agency, NPO Energia, Novolipetsk Metallurgical Plant OJSC, Chelyabinsk Tractor Plant OJSC, Concern "Izhmash", OJSC "Public Russian Television".
Along with voluntary insurance, one of the priority areas of the Company's activity is the implementation of the compulsory insurance program for civil servants, where VSK remains a recognized leader. 14 federal ministries and departments entrust insurance of their employees to the Company, including the Ministry of Defense of Russia, the Supreme Court of the Russian Federation, the Prosecutor General's Office of Russia, the Ministry of Justice of the Russian Federation, the Federal Security Service of Russia, etc.
VSK has the most extensive regional network among Russian insurance companies operating within a single legal entity - over 600 branches and offices in the main administrative and industrial centers of our country.
The presence of a large number of representative offices gives VSK the opportunity to provide modern insurance services and make payments to its customers, regardless of the place where the insurance contract is concluded.
In 2001, the rating agency "Expert RA" awarded the company the highest national reliability rating A ++: "High level of reliability with positive prospects", which was confirmed in 2002-2010.
For a great contribution to the development of the insurance business by the President of the Russian Federation Putin V.V. in 2002 and 2007 the staff of VSK was thanked.
The all-Russian nature of the activity gives the company the opportunity to quickly settle losses and make payments to its customers, regardless of the place of conclusion of the insurance contract, and also allows you to form a geographically diversified insurance portfolio and evenly distribute risks throughout Russia, which has a serious positive impact on the reliability indicators of VSK .
In addition, the well-established mechanism of loss settlement and the accumulated rich experience of VSK representative offices throughout Russia gave VSK the opportunity to actively develop cooperation with other insurers in the settlement of losses of their clients in the field of auto insurance in various regions of our country.
VSK is a member of the Russian Union of Motor Insurers (RSA), the All-Russian Union of Insurers (VSS), the Association of Liability Insurers for Causing Harm in the Field of Industrial Safety, the Russian Association of Aviation and Space Insurers (RAAKS), the Association of Russian Banks and a number of other large associations.
A round-the-clock Call-Center has been created in VSK, which enables the company's customers to quickly receive the necessary information all 24 hours a day.
In order to increase the awareness of employees of federal ministries and departments about the progress of consideration of their insurance cases, the company has also created a round-the-clock information service, the presence of which allows insured military personnel and civil servants, by making a phone call to the VSK branch of a given region at the local rate, receive on-line an exhaustive information on the progress of consideration of their insurance cases at the Central office of VSK in Moscow, including the date of crediting to the Sberbank account of the sums insured due for payment. Today, the services of such a service are already used by VSK insurers in 45 constituent entities of the Russian Federation.
In order to comply with modern standards for the provision of insurance services and increase popularity among individuals and legal entities, the company's management changed the name of the Military Insurance Company to VSK in early 2011.
- History of the company
A closed joint-stock company "Military Insurance Company" was formed. A concept for the prospective development of VSK has been developed and is beginning to be implemented. The strategic priorities of the Company are - maintaining the financial stability and liquidity of VSK assets, unconditional fulfillment of the Company's obligations to customers and partners, active participation in the economic life of all Russian regions, developing and offering specialized competitive insurance programs and products to the market, providing a single space for VSK insurance services on Russian territory. During the year, branches of the Company were opened in 3 cities of the Russian Federation. |
The Group of the Military Insurance Company was created, which, in addition to VSK, included the Military Medical Insurance Company (VMSK), the VSK-tour travel company, the Military Memorial Company (VMK), the REUT enterprise for the sale and disposal of released military property and a number of other subsidiaries. Sberbank of the Russian Federation and VSK Group entered into a General Cooperation Agreement. For the first time in domestic practice, the National Olympic Committee entrusts the Military Insurance Company with the insurance of all Russian athletes participating in the Olympic Games in Atlanta (USA). The company entered into an agreement with the Russian Ministry of Justice on compulsory state insurance of judges. During the year, branches of the Company were opened in 3 more cities of the Russian Federation. |
VSK's insurance premium for voluntary types of insurance exceeded 50 percent of the Company's insurance portfolio for the first time. The insurance of air and road transport, sea vessels, property of enterprises is carried out most intensively. The tendency to increase the volume of insurance receipts in all 88 branches of VSK was further developed. In total, the branches of the Military Insurance Company collected 331 million rubles of insurance premium, which is almost 2 times more than in the same period of 1998. VSK is implementing a new aircraft insurance program that provides international insurance coverage for all types of risks within the framework of the Air Code. According to the rating of the Economic News Agency, the Military Insurance Company (VSK) is one of the most actively and steadily developing companies in Russia. |
year |
The structural reorganization of VSK has been completed. The parent company becomes a methodological and financial center, and 88 branches become sales centers. VSK is starting to implement risk insurance under the Ford Plan consumer lending program, implemented by Ford Credit Europe Bank. The authorized capital of the Military Insurance Company was increased by 6 times and amounted to 180 million rubles. VSK made insurance payments to the families of the deceased crew of the Kursk nuclear submarine. A total of 572 payments of insurance coverage and lump-sum allowances were made to relatives of submariners. The total amount of payments was about 20 million rubles. The insurance premium of the Military Insurance Company in 2000 amounted to 2.1 billion rubles. This is 2 times more insurance income of VSK for 1999. |
2001 year |
VSK started selling insurance services via the Internet VSK became one of the first insurance companies in Russia, which was allowed by the Ministry of Finance of the Russian Federation to carry out insurance against serious illnesses. On August 30, 2001, a press conference "The First National Reliability Rating of Insurance Companies" took place at the Alexander House Hotel in Moscow, within the framework of which the results of the first rating of insurance companies in the history of Russia were announced. VSK has been assigned the highest national reliability rating A++. The weekly "Financial Russia" summed up the results of the study "Bank rating of insurance companies". VSK won the first place in the nomination "Bank property insurance". The authorized capital was increased to 700 million rubles. According to the results of the competition of the weekly newspaper of writers "Literaturnaya Rossiya", General Director of the Military Insurance Company Sergey Tsikalyuk was recognized as the philanthropist of the year 2001. |
Insurance House VSK became one of the winners of the tender of the Central Bank of the Russian Federation for the right to insure its property interests in 2003. VSK Insurance House was selected as an authorized company for insurance of property interests of Sberbank of Russia for the period from 2003 to 2005. In accordance with the decision of the Department of Insurance Supervision of the Ministry of Finance of the Russian Federation, VSK Insurance House was issued licenses for insurance of perennial plantings, insurance of civil (professional) liability of lawyers and insurance against accidents and illnesses. VSK Insurance House reaffirmed the A++ rating - "High level of reliability with positive prospects", which was assigned to the company by the Expert RA Rating Agency in 2001. |
2004 |
Insurance House VSK won in the nomination "Comprehensive protection of the interests of banks and their clients" of the competition "Bank rating of insurance companies". The military insurance company is included in the list of insurers recommended for work with companies servicing government contracts. After receiving a new version of the license, which combined all licensed types of insurance, VSK Insurance House offers its customers 103 insurance products. VSK Insurance House took 160th place in the FINANCE-500 rating. VSK Insurance House together with the insurance company AIG Russia signed an agreement with Raiffeisenbank Austria. Two insurance companies will carry out comprehensive insurance of the property interests of the Bank's clients when concluding transactions for the issuance of mortgage loans. VSK Insurance House together with the insurance company AIG Russia signed an agreement with DeltaCredit Bank. Two insurance companies will carry out comprehensive insurance of the property interests of the Bank's clients when concluding transactions for the issuance of mortgage loans. On April 22, 2004, in accordance with the decision of the Department of Insurance Supervision of the Ministry of Finance of the Russian Federation, VSK Insurance House was one of the first to receive a license to carry out two new types of activities: insurance of civil liability of the organizer of entertainment, sports and other mass events and insurance of the risk of cancellation of entertainment, sports and other public events. On March 22, in accordance with the decision of the Ministry of Finance of the Russian Federation, VSK Insurance House received a license for the right to conduct reinsurance activities. |
- Kursk branch of SOAO "VSK"
The purpose of the operation of each individual branch and Kursk, in particular, coincides with the goal of the Head Company - "to make a profit by conducting insurance activities in accordance with the current legislation of the Russian Federation"
Kursk branch is located at st. Dimitrova 52, tel. 514-513.
Director of the branch - Andreeva Larisa Vasilievna. He has held this position since 2003.
Organizational structure of the Kursk branch of SOAO "VSK"
CKS: bank directorate; cargo liability insurance
CRS: dms; mortgage; property insurance; accident insurance; travel insurance
CPP: work with partners of the company
CAC: OSAGO; casco; green map
OUP: settlement of insured events
OSU: information support
The branch has the following subdivisions: Zheleznogorsk branch, Oboyan branch, two additional offices, a central office, agents (in car dealerships, at the border), the agent network covers Lgov, Kurchatov, Sudzha, Rylsk, Tetkino, Ponyri, Kshen, Shchigry.
The financial performance of the branch is shown in table 1.
Table 1 - Dynamics of insurance development in the Kursk region VSK
Income |
Payouts | Coeff. payments,% ||||||
Income (thousand roubles.) |
Place in the ranking among all insurers |
Payouts (thousand roubles.) |
% of the previous year |
||||
2005 |
7 |
31 283 |
0.00 |
10
|
5 320 |
0.00 |
17.01 |
2006 |
10
-3 |
40 566 |
129.67 |
9
+1 |
11 728 |
220.45 |
28.91 |
2007 |
9
+1 |
57 423 |
141.55 |
9
0 |
19 622 |
167.31 |
34.17 |
2008 |
9
0 |
88 739 |
154.54 |
8
+1 |
29 507 |
150.38 |
33.25 |
2009 |
7
+1 |
118 513 |
133.55 |
5
+2 |
44 109 |
149.49 |
37.22 |
2010 |
5
0 |
127 199 |
107.33 |
3
+2 |
53 420 |
121.11 |
42.00 |
The largest clients of the Kursk branch of OAO VSK:
- Vehicle fleet at the Internal Affairs Directorate in the Kursk region
CJSC Konti-Rus
AK Sberbank RF Kursk Branch No. 8596
OOO Automobile Center Chernozemye
JSC "Electroagregat"
JSC "Schetmash"
CJSC "Corporation Grinn"
Avangard LLC and others
CHAPTER 2. MAIN ACTIVITIES OF THE INSURANCE COMPANY AND TYPES OF SERVICES PROVIDED
2.1. auto insurance
CASCO refers to an international legal term that means insurance of any vehicles: aircraft, ships, cars, wagons against damage or destruction, death of the vehicle. Auto CASCO is voluntary insurance. This type of insurance does not include liability insurance to third parties, insurance of transported goods or passengers. CASCO Insurance Company is a voluntary insurance company. Only the vehicle is insured. Full CASCO of a car is insurance against theft, theft, damage caused to a vehicle.
Many insurance companies offer incomplete CASCO, where you can insure only against any one insured event, for example, only against theft or damage. There is no single system that could provide the best type of CASCO insurance program for all insurance organizations. The selection of the program can only take place directly for your requirements and wishes, which are determined by the characteristics of your car and your personal data and preferences. The process of choosing an insurance program requires certain skills and abilities in the insurance market, as well as fairly serious knowledge in the field of insurance.
Tariffs for CASCO directly depend on the condition and brand of the car. Here, the price is influenced by the year of manufacture of the car, how often this car is stolen, what anti-theft systems are installed on it. Also, the price is affected by the number of people who are entrusted to drive this car, their driving experience and driving experience. An important factor affecting the cost of CASCO is where you leave your car at night (in the garage, in the parking lot or just on the street in front of the house). When concluding an insurance contract, it is necessary to take into account the fact how you will receive insurance compensation. In this case, you can choose either the repair offered at the service station of the insurance company, or at the service station of the dealers of the car manufacturer, or carry out repairs yourself and receive a cash equivalent. It is also necessary to take into account the amount of the deductible - the part of the sum insured that is not refundable. Different companies offer both full payment of the insurance premium by the insured, and installments for several months. Cars over 10 years old can be insured under mini-hull insurance programs or other programs that provide compensation for damage caused in an accident. All these conditions are included in the calculation of the cost of CASCO.
Full CASCO insurance includes a full list of insured events against theft, damage caused by the actions of third parties, as a result of an accident, fire, explosion, as well as damage when a foreign object enters the vehicle while driving. The cost of the policy for different types of insurance may also differ in percentage terms from 5% to 15%. Also, the CASCO policy may provide for insurance against damage caused to additional equipment. If damage is caused to the radio, sound system, xenon headlights, anti-theft system, fog lights, alloy wheels and other equipment.
OSAGO is compulsory motor third party liability insurance, i.е. Your liability to third parties who suffered damage through your fault.
OSAGO insures the risk of liability of the owner of the vehicle for causing harm to life, health or property of the victims when using the vehicle on the territory of the Russian Federation.
According to the OSAGO Law, which came into force on July 1, 2003, the operation of a vehicle without a compulsory motor third party liability insurance policy is not allowed. The absence of a policy entails a fine of up to 3 to 8 minimum wages (now 1 minimum wage in the form of a fine = 100 rubles). Moreover, your car is subject to evacuation to the impound lot until the reason for the detention is eliminated, i.e. You can pick it up after presenting the OSAGO policy. In the absence of an OSAGO policy, it is impossible to register a car and pass a state technical inspection.
OSAGO contract - payments, cost.
The maximum sum insured payable to victims under the OSAGO policy is 400,000 rubles per one insured event. Of these, 240,000 are for compensation for harm to the health of victims, but not more than 160,000 rubles per victim; and 160 thousand - to compensate for damage to property, but not more than 120,000 rubles per owner of this property. If there is only one victim, then the maximum amount of payments is 160 and 120 thousand rubles, respectively.
When the damage exceeds the established “ceiling” of payments, the remaining part of the compensation is paid by the perpetrator on his own or covered by the DSAGO additional insurance program, which is concluded separately.
Cost of OSAGO policy.
The cost depends on the type of vehicle, its power, driving experience, as well as the age of persons allowed to drive this vehicle, the region, the availability of insurance payments under previous insurance contracts, as well as the break-even of the insured in the past.
Validity of the OSAGO policy.
The OSAGO contract is concluded for different terms at your request, from 3 to 12 months, with the exception of transit insurances. At the end of the OSAGO policy, according to the law, you have 1 more month to renew it. During this month, traffic police officers do not have the right to detain your vehicle and impose fines on you for “delay”. During these 30 days, the insurance company is liable for it, provided that you extend it.
"Green Card" is an international motor third party liability insurance policy that is valid in all countries participating in the International Green Card System, which includes all European countries, as well as Israel, Morocco, Tunisia and Iran. Since 2009, Russia has joined the Green Card system.
The presence of the "Green Card" is a mandatory condition for entry into the territory of all countries participating in the International System.
The Green Card policy issued by an authorized insurer in Russia frees you from the need for additional civil liability insurance in another state.
The "Green Card" is valid in the event of an accident, protecting the interests of the car owner in case of damage to health, life, property of third parties. That is, it guarantees reimbursement of expenses to the injured party in case of an accident abroad.
Insurance coverage is valid on the territory of the countries that are part of the International System. In the event of an accident, insurance payments are made to the victim and are carried out through the Green Card Bureau of the country in which the accident occurred.
VSK Insurance House is one of 11 Russian insurers that are members of the Russian Green Card Bureau and have the right to issue their own Green Card insurance certificates.
When buying a "Green Card", you can choose the territory of the policy: "Belarus, Moldova and Ukraine" or with validity in all countries of the "Green Card" System. An insurance contract can be concluded for a period of 15 days to 1 year.
- Personal insurance
What can be insured
- Cottage, country house, outbuildings (garages, bathhouses)
Apartment with finishing / equipment
Furnishing and equipment of the dwelling
Construction in progress (if there is a roof and walls)
Furniture
Household, computing and office equipment, television, video and audio equipment
Carpets, dishes, clothes, etc.
Works of art, antiques, objects of cultural value, jewelry, etc.
Analysis of the financial activity of an insurance organization (on the example of JSC VSK Insurance House)
Economic characteristics of OJSC Insurance House VSK
JSC Insurance House VSK Since November 2001, the Military Insurance Company has been offering its services under a new trade name - Insurance House VSK (author's note) has been operating in the Russian insurance market since 1992 and is a universal insurer on a federal scale, providing insurance services to both legal entities and individuals. The main activities of the company are represented by compulsory state insurance of military personnel (in this type the company occupies a leading position), property insurance, OSAGO, personal insurance and life insurance.
The main shareholders of the Company include: LLC VSK-Liniya Zhizni, LLC Waid-Company, CJSC Base Holding, LLC Credo-TM, LLC Vek-B.
June 26, 2007 Rating agency "Expert RA" conducted an annual procedure for updating the reliability rating of VSK Insurance House. Based on the results of the study of the solvency and financial stability of the insurer, it was decided to maintain the highest reliability rating of the company at the level of A ++ "High level of reliability with positive prospects", assigned to the company five years ago by the Expert RA rating agency.
The main factors that allowed such a high assessment of the reliability of the insurer were: a high level of insurance portfolio balance, a large customer base, high liquidity of assets and profitability of the company, high quality of reinsurance protection and investment portfolio.
The company offers its clients more than 100 modern insurance products that are in steady demand from both individuals and legal entities, as well as from state authorities and local governments throughout the Russian Federation. More than 300 branches and departments of VSK Insurance House in all constituent entities of the Russian Federation allow the Company to promptly and efficiently support insurance contracts and settle losses throughout Russia, regardless of the place where the insurance contract was concluded. Among the company's clients are 14 federal ministries and departments, 70 thousand enterprises and organizations of all forms of ownership, more than 10 million Russians. The authorized capital of VSK Insurance House is 1.7 billion rubles.
VSK Insurance House has been among the leaders of the Russian insurance market for many years. According to the results of 2006, the company took the 6th place in terms of premiums (excluding obligatory medical insurance) among all Russian insurance companies.
Table number 1. Place "Insurance House VSK" in the list of the largest companies
Place in the list of the largest insurance companies |
||
The military insurance company is included in the list of insurers recommended for work with enterprises servicing government contracts. Moreover, VSK Insurance House is a repeated winner of the competition of the Central Bank of the Russian Federation for the right to insure its property interests.
After obtaining a new version of the license, license FSSN C No. 0621 77 dated 06/20/2006, which combined all licensed types of insurance, VSK Insurance House offers its customers 103 insurance products.
Returning to the structure of the insurance portfolio, I would like to note that, excluding contracts for compulsory medical insurance, according to the results of the first half of 2007, the share of compulsory insurance is 38.74%; the share of voluntary insurance reaches almost 60%, and the share of incoming reinsurance (that is, contracts accepted from reinsurers for assignment) barely exceeds 1.7%. The gap between VSK Insurance House and the undisputed leader - the Rosgosstrakh group of companies - in terms of the total contributions of policyholders (and reinsurers) is 268% (that is, the premiums received by Rosgosstrakh exceed the corresponding indicator of VSK by 2.68 times), however this does not prevent VSK for many years from taking a strong position in the first lines of the rating of the largest insurance companies in Russia (see Table No. 1).
According to the data in Table No. 2, see Appendix No. 6, in the structure of voluntary insurance, almost 2/3 of the concluded contracts fall on property insurance. It is closely followed by personal insurance other than life insurance (19.4%). VSK's life insurance is only 0.46%, which is one of the lowest figures in this table. The remaining approximately 6% is accounted for by liability insurance.
Analysis of the dynamics of the structure of the insurance portfolio in terms of the loss ratio The loss ratio is found as the ratio of the amount of insurance compensation to the amount of insurance premium. The more this coefficient tends to zero, the higher the profitability of the corresponding type of insurance. Each type of insurance separately allows you to draw conclusions about how competently the company's insurance portfolio is balanced, and about which types of insurance bring loss and which potential profit. The results obtained during the analysis are summarized in the table below:
Table number 3. Receipts and payments of VSK for 2005, 2006, 2007.
INDICATOR |
|||
VOLUNTARY INSURANCE, thousand rubles |
|||
LIFE INSURANCE: Total insurance premiums (contributions) Insurance payments Loss ratio |
|||
PERSONAL INSURANCE (except life insurance) Income Payouts Loss ratio |
|||
PROPERTY INSURANCE Income Payouts Loss ratio |
|||
LIABILITY INSURANCE Income Payouts Loss ratio |
|||
MANDATORY INSURANCE, thousand rubles |
|||
PERSONAL INSURANCE OF PASSENGERS (TOURISTS, TOUR GUIDES) Income Payouts Loss ratio |
|||
GOS. PERSONAL INSURANCE FOR STATE EMPLOYEES TAX. RF SERVICES Income Payouts Loss ratio |
|||
GOS. INSURANCE OF MILITARY SERVICE SERVANTS AND EQUATED TO THEM IN MANDATORY. GOS. INSURANCE OF PERSONS Income Payouts Loss ratio |
|||
CIVIL LIABILITY INSURANCE FOR VEHICLE OWNERS Income Payouts Loss ratio |
|||
MANDATORY HEALTH INSURANCE |
|||
Income Payouts Loss ratio |
In terms of total assets, VSK Insurance House ranks 7th, behind such well-known insurance companies as: Rosgosstrakh, Ingosstrakh, SOGAZ, Kapital, RESO-Garantia and ROSNO, see Appendix No. 6, table No. 4.
The analysis of the dynamics of the financial performance of VSK reflects a qualitative progressive movement towards increasing the profitability of its insurance operations, as evidenced by the value of the Company's net profit, which steadily demonstrates a confident upward trend (see Table No. 5).
5. Key financial indicators of VSK Insurance House
Unfortunately, at the time of writing this course work, VSK has not yet published official financial statements for 2007, therefore, there are no reliable data on the amount of profit received for the previous reporting period, as well as information on other financial indicators of the Company for 2007. Naturally, this does not allow to fully compare the current financial position of VSK with the previously achieved results, however, based on the positive dynamics of past years, it is possible to predict with a high degree of confidence that the emerging favorable trend towards improving the financial stability and solvency of the Company will continue. This contributes, first of all, to the efficient and rational use of the financial resources of the company in order to most fully realize the interests of policyholders.
Insurance Joint Stock Company "VSK" has been operating since 1992. The property insurance programs offered by the company allow you to reliably protect real estate and receive compensation in case of fire, explosion, flooding, theft and other unforeseen incidents.
Advantages of property insurance in VSK
At the end of 2015, the company ranked 4th among Russian insurance organizations in the property insurance segment, having collected 2,533,471 thousand rubles. premiums and paid 385,780 thousand rubles. for insured events.
The authorized capital of CJSC "VSK" is 3.65 billion rubles, and the reliability rating of the company is estimated by the "Expert RA" agency as exceptionally high "A ++" with a stable outlook. The company's insurance obligations in terms of making payments are guaranteed by the largest reinsurance companies, including Swiss Re, Hannover Re, Gen Re, Munich Re, SCOR. More than 14 million individuals and 200 thousand legal entities use the services of the VSK insurance company.
Types of property insurance programs
SO "VSK" offers a wide range of real estate insurance programs that differ in terms of insurance and the amount of insurance coverage.
"Classic building insurance"
The basic insurance program for suburban real estate, which guarantees compensation for losses associated with the occurrence of the following insured events:
- fire, explosion;
- flooding;
- accidents in heating systems, water supply, etc.;
- natural disasters;
- glass breakage;
- collision with vehicles;
- the fall of aircraft and their fragments;
- soil subsidence;
- defrosting engineering systems;
- causing harm to life, health or property of third parties.
The following items are covered under this program:
- House;
- internal and external finishing;
- engineering equipment;
- household property;
- Civil responsibility.
The client individually forms an insurance program for himself, choosing the necessary insurance objects, the list of insured risks and the amount of insurance compensation.
"Successful"
This insurance package is designed to insure suburban real estate worth up to 1 million rubles. All insurance conditions are listed in the classic program.
"Lucky Plus"
An insurance product designed to insure suburban real estate worth up to 3 million rubles. The insurance conditions are identical to those of the classic program.
"Maximum Protection"
A comprehensive apartment insurance program that guarantees coverage of expenses associated with such insurance risks as:
- fire, explosion;
- exposure to water;
- accidents of engineering systems;
- natural disasters;
- illegal actions of third parties;
- short circuit of the wiring;
- collision with vehicles;
- terrorism.
The following objects can be insured under this program:
- internal and external finishing;
- engineering equipment;
- household property;
- civil liability.
"Full construction"
This program is intended for quick insurance of an apartment under a standard package. The insurance conditions completely duplicate the conditions of the previous program, except that the list of insured objects does not contain structural elements of the apartment.
"For rest time"
Short-term holiday apartment insurance program (from 1 to 9 months). The program provides insurance for the following objects:
- interior and exterior decoration of the apartment;
- engineering equipment;
- household property;
- civil liability.
The insured risks of the program include:
- fire, explosion;
- exposure to water;
- accidents of engineering systems;
- natural disasters;
- falling foreign objects;
- illegal actions of third parties (including terrorism);
- collision with vehicles;
- civil liability to neighbors.
"I rent"
This program is designed to insure rental apartments and guarantees compensation for losses associated with such insurance risks as:
- fire, explosion;
- natural disasters;
- flooding;
- accidents of engineering systems;
- falling foreign objects;
- collision with vehicles;
- illegal actions of third parties;
- causing damage to the property of third parties.
In accordance with the terms of the program, the following objects are subject to insurance:
- interior and exterior decoration of the apartment;
- engineering equipment;
- household property;
- Civil responsibility.
"Removing"
The program is designed to insure household property and liability to neighbors in case of living in a rented apartment. The insured risks include the risks listed in the "I rent" program.
"Investment apartment"
This program is designed for clients who expect a rise in prices on the real estate market in order to sell an apartment at a higher price. The set of covered insurance risks corresponds to the list of risks of the "Maximum Protection" program. The following objects are subject to insurance under the program:
- structural elements of the apartment;
- Civil responsibility.
The cost of property insurance programs
The table shows indicative data on the cost of property insurance in VSK IJSC as of the beginning of 2017.
The name of the program |
Objects of insurance |
Sum insured, rub. |
Cost of insurance, rub./year |
"Classic building insurance" |
|
No restrictions |
Calculated individually |
"Maximum Protection" |
|
3 100 000
|
14 670
|
"Full construction" |
|
700 000
|
3 330
|
"I rent" |
400 000
|
2 160
|
|
"Removing" |
|
400 000
|
2 133
|
"Investment apartment" |
|
1 200 000
|
1 350
|