ALSKOM Insurance Company JSC reviewed the results of activities for 2014 with the participation of regional branches

At the meeting, it was noted that in 2014 the Company demonstrated a high growth rate of insurance performance indicators. The increase in insurance premiums compared with 2013 was 132%, insurance liabilities - 135%, and the amount of insurance payments made increased by 58%.

There was an increase in revenues for all types of insurance. Such innovative type of insurance as information risk insurance (158%) and voluntary medical insurance (212%) distinguished themselves by especially high growth rates.

Last year, special attention was paid to the development of insurance activities of business entities. In this direction, the Company has developed and introduced such new insurance products as insurance of shopping complexes, insurance of rights to intellectual property. These insurance products were actively implemented through the Company's regional network. As a result, the collection of insurance premiums in this area more than 4 times exceeded the 2013 figure.

In order to expand the Company's activities, in 2014, 22 new branches were additionally opened. Currently, the regional network of the Company consists of 15 territorial branches and 80 branches.

As a result of measures taken to develop the regional network, the share of regional branches in the total volume of collected insurance premiums for the Company is growing rapidly and in 2014 was 82%, which indicates that the regional network has become the main component of the insurance activities of the Company.

At the meeting, the heads of the regional branches made presentations in which the activities of the divisions for 2014 were analyzed in detail, omissions and reserves for further development were identified. As a result of the speeches, specific objectives were formulated for the accelerated development of the Company for 2015 and the forecast of insurance proceeds for 2015 was approved.

The meeting participants touched upon the issues of improving the record keeping of concluded insurance contracts, including insurance policy forms, strengthening control over the correct use of strict reporting forms, ensuring the transparency of the insurance policy process and entering into insurance contracts.

Relevant decisions were made on the issues considered.