Rating of insurance companies. Insurance companies: reliability rating

In the Russian Federation, as in the rest of the former Soviet Union, insurance is ambiguous. Why it happened is not clear. Perhaps, because of the mentality of the Slavs, who always hope for the best and are afraid to make some trouble ahead of themselves.

In most countries in Europe, the United States of America and other developed countries, the issue of the need for insurance is quite different. In this world it has long been understood that, whether we like it or not, but there is always the possibility of an accident, illness, and sometimes it's better to reinsure yourself and your loved ones than to get into a difficult financial situation.

It is also said that weak insurance companies work in the Russian market, the reliability rating of which leaves much to be desired. So it is or not, we will analyze later in the article.

What are the types of insurance?

There are a lot of types of insurance. It can be divided into personal and property. The first group includes such services that are associated with the health of the person: life, health, accident, medical and others. The second group includes all those services that are related to the property interests of people: real estate, car insurance, purchases and others.

There are also such insurance services that are provided to legal entities: insurance of transactions, products, sales and many others.

If a person chooses to insure himself, he faces the problem of choosing an insurance company that could meet his needs and provide the necessary services.

What is the rating of insurance companies for?

The market is filled with various companies that provide insurance services, and it is sometimes difficult to choose which one is better. For example, a lot of money is spent on self-promotion by insurance companies in Moscow. The rating, due to this, is improved due to the increase in the client flow. But will this be a full-fledged display of the real level of reliability of the insurer?

In insurance business, perhaps, there is nothing more important for the insurer, as the highest reputation in the market of rendered services. If the company is not on hearing, then its services will be used only by old customers, who are already more or less loyal to it.

The level of service plays no small role

In addition, people's positive feedback is very important. Psychologists often say that a satisfied customer will recommend a firm to 2-3 friends, and a disgruntled one will tell 10 people or more about how bad the organization served it. So in the matter of good service, all insurers should keep to the best level.

There are many more criteria that are important for the successful operation of the insurance company in the market of providing services for insurance of various risks.

In order to understand which of the insurers is the leader in the market, and who is a loser, which should not be contacted, a rating of insurance companies is made.

With the help of such a rating, you can easily select the right insurance company and be sure of its fulfillment of obligations taken without any pitfalls.

What criteria are given more attention in the assessment?

To find out the best insurance companies in Moscow, the rating must be carefully calculated, taking into account all possible indicators. They should show the level of solvency of the insurance company, the stability of its business relations, the availability of debt obligations.

In addition, it is necessary to understand the level of insurance payments, the structure of the client portfolio, as well as other financial indicators that will help to see the level of stability and financial condition of the insurance company.

In general, the rating of insurance companies is compiled on the basis of the analysis of the following groups of indicators:

1. Indicators of external stability.
2. Insurance portfolio.
3. Financial indicators.

Let's consider each group of such indicators.

External stability indicators

Analyzing the indicators of external stability, take into account the movement of assets, their structure and dynamics. In addition, the amount of the authorized capital is taken into account, as well as the total amount of the insurance premium.

An analysis will also be important of the associations in which the company is organized, its position on the market, its relationship with the state control bodies and the competence of management personnel.

Analyzing these indicators, it is necessary to take into account the managerial structure of the insurer, as well as its financial capabilities.

Considering external stability, draw conclusions for each regional branch of the insurance company: its profit and loss, position in the local market of insurance services. And the rating of insurance companies in Moscow can significantly differ from the positions that companies occupy in other regions. After all, every city has its own level of income, which is expressed by the level of solvency.

Insurance portfolio

Studying the insurance portfolio, you need to understand the structure of the insurance company. It is necessary to determine how profitable each type of insurance is and the total amount of possible risks.

The obtained data is compared with the client base. The number, structure and dynamics of the client portfolio are analyzed. It is considered how profitable the insurance company is for current clients, what level of working volume is created by permanent insurers, and also how quickly new insurance contracts appear.

The policy pursued by the insurance company within the framework of reinsurance is also important. Are serious risks guaranteed that can lead to a large level of insurance payments. The maximum level of insurance payments is compared with the total amount of own funds.

Financial indicators

Financial indicators are divided into three groups.

1. Indicators of liquidity and solvency.

An analysis of the different degrees of liquidity of the company shows how quickly it will be able to pay off its debts if at a certain point all creditors require a return of their investments. Indicators of solvency show the need of the insurance company in attracting additional funds from outside.

In addition, the structure of accounts payable is analyzed, which makes it clear the reasons for its occurrence and the terms that are necessary for full repayment. Also, the solvency and solvency coefficient is calculated.

2. Indicators of profitability and loss.

The indicators of profitability of assets help determine the level of the company's profit for one service rendered. Calculation of odds ratio allows to estimate the level of expenses that the insurer spends on conducting its activities. An analysis is made of the adequacy of the revenues that the insurance company receives for insurance payments, as well as covering its own running costs, running the business.

3. Indicators of investment policy.

With the help of appropriate indicators, the development of the insurance company, the profitability of investments are assessed, and the influence of those spheres of activity in which optimization is carried out is analyzed.

It is impossible to be guided only by public opinion

The rating of insurance companies is a result of a complex calculation, which includes almost all the indicators that you can only come up with for an insurance company's valuation. Such tests should be carried out only by experts.

The questioning of people about their opinion about the services of this or that insurance company is only a partial element of a long and time-consuming process that must be performed to create a truly objective rating.

It should be understood that during the interview a considerable influence on the results is rendered by the human factor. People tend to be influenced by advertising, imposed opinion. That is, analyzing insurance companies, the people's rating should not be taken as the only true one.

The insurance company may not be the best, but thanks to newspapers, magazines, television and other marketing techniques, the population may have a false opinion about its reliability.

Before any conclusions it is necessary to analyze all insurance companies correctly. The reliability rating, compiled on the basis of the correct indicators, is able to correctly determine the market leaders.

Consider how insurance companies ended last year and who ended up in TOP.

Rating of insurance companies by results of 2014

Analyzing the results that insurance companies showed in 2014, we can conclude that last year has become difficult for the entire insurance market. There were no different kinds of surprises in the earned income, a sharp change in positions compared to the 2013 ratings.

If we compare the volume of received insurance premiums (money paid by policyholders), then the three leaders who demonstrate the best results for the Russian market remained on the podium.

The first place was taken by the insurance company Rosgosstrakh, which received 105.2 billion rubles. The second one is SOGAZ with an income of 105.2 billion rubles, and Ingosstrakh, which managed to collect insurance premiums in the amount of 65.8 billion rubles, is on the third place.

If we analyze the structure of their incomes, then we can conclude that the greatest amount of funds came from the conclusion of contracts for voluntary property insurance.

By the volume of payments, which is one of the most important indicators for insurance companies, the three leaders remained the same. The insurance company Rosgosstrakh is in the first place in terms of payments, which paid damages totaling 55.1 billion rubles. On the second and third place, respectively, Ingosstrakh and SOGAZ.

If we consider the volume of payments in relation to the insurance premium received, then in the first place will be IC Alliance, Ingosstrakh, and IC Soglasie.

In 2014, the insurance company Rosgosstrakh leads in terms of the number of contracts concluded. Neither much nor less, she managed to conclude them in the amount of 34.5 million units. In second place is AlfaStrakhovanie, which concluded 11.8 million contracts. The third place was taken by the insurance company RESO-Garantia, which concluded more than 8.4 million contracts.

What in 2015 now and what forecasts?

Experts note a significant decrease in customer activity. They associate this situation with the deterioration of the economy and the fall in GDP. Indeed, the depreciation of the ruble has significantly affected the pocket of both the ordinary resident and various business structures that need to supply 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 OSAGO.

Many believe that the market will narrow, and larger companies are ready to literally have breakfast by small firms that provide insurance services. That is, there is a tendency of enlargement of the market due to the absorption of companies.

This, for example, is evidenced by a type of insurance, such as OSAGO. The rating of the insurance company Rosgosstrakh for the first half of this year in this type of insurance services increased compared to the same period in 2014. If last year the share of this company in compulsory insurance of driver's civil liability was 29.5%, then already now it exceeds 36%.

And if we analyze the increase in fees for compulsory motor TPL insurance, the rating of the insurance company SK RESO-Garantia has also improved. So, in 2015 it managed to increase the total amount of fees by 48.5%.

In 2015, the market tends to be enlarged

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

If you want to understand whether to cooperate with a certain insurer, it's best to find out his rating. Insurance companies of St. Petersburg or the capital may have different amounts of collected premiums due to different regional positions that determine the overall level of the flow of customers. At the same time, competently compiled analysis will help to take into account this circumstance and understand what insurance company is right for you.