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Company’s history

2015

In 2015 Insurance Company T.I.T. have topped 1 billion roubles on collecting insurance premiums.

According to results of the 2015 Insurance Company "T.I.T" collected 1,165,923,000 roubles of premiums, which is 23.61% higher than the corresponding figure in 2014, including direct insurance premium 783 041 000 roubles (+38,33%) and inward reinsurance premium 382 882 041 roubles (+ 1,52%).

Among the 320 insurance companies registered in the Register of Insurance Organizations of Central Bank of Russia, at the beginning of 2015, Insurance Company "T.I.T." took the 80th place on the collection of premiums, for the first time entered the top 20 leaders on collecting reinsurance premium,
It took 10th place in air transport insurance, 5th place in Aircraft Liability insurance and 3rd place in inward reinsurance of this type.

2014

The net profit of Insurance Company "T.I.T." for the year 2014 under Russian Accounting Standards was 18 629 000 roubles.

The total amount of premiums collected was 943 214 000 roubles. This is 13 % higher than in 2013.Payments of indemnity for the year - 457 551 000 roubles.

In 2014 a difficult year for the insurance market, including in connection with the grown unprofitability, Insurance Company T.I.T. unlike many insurers, paid to the members of the Company 11 500 000 roubles of dividends.
The decision on the distribution of profits for 2014 by the payment of dividends was made at the Annual General

2013

MАZARS, the largest international independent and integrated auditor, carried out the Company’s financial statements in compliance with the International Financial Reporting Standards (IFRS). Auditor’s opinion can be found by reference.

TIT was accredited with four Russian banks to provide insurance services; these are SBERBANK, Baltinvestbank, Quota-bank with and First Czech and Russia bank.
There were introduced additional Rules:
• on insurance of vehicle value ;
• on insurance of natural person legal liability;
on accident and health insurance;
• on insurance of persons traveling about Russia.

The Company moved in a new modern roomy office allowing both to work comfortably for the staff of 100 members and to conduct market affairs on insurance and reinsurance business.

2012

Expert RA rating agency affirmed TIT’s credit rating at A+ rating (very high level of reliability). Apart from 57 existing insurance rules on various business classes, there were introduced additional insurance Rules: • on comprehensive mortgage insurance ;
• on construction and erection risk insurance;
• on finance risk insurance.

2011

TIT’s registered capital was increased up to 480 million rubles. Nakhodka Re reinsurance company affiliated with the TIT Limited Insurance Company.

2010

The Company was included in the Registry of foreign insurers of the Azerbadjan republic. Expert RA rating agency assigned credit rating at A+ rating to the TIT Limited Insurance Company (very high level of reliability).
The Company was reorganized in a limited liability company: TIT Limited Insurance Company.

2009

In the circumstances of the world finance crisis and impairment of the domestic insurance industry, the Company showed positive development, the aggregate collection of insurance premiums was increased by 19% and net profit by more than 3.3 times as compared with the same indicators of the year 2008.

2008

The Company placed aviation liability risks in the London insurance market with liability limit US$650 million. 2007
The Company was granted with new open-ended licenses by the Federal Insurance Supervision Service to perform insurance and reinsurance business.

2006

Additional emission was carried out and the registered capital was increased up to 160 million rubles.2005
The Company placed aviation liability risks in the London insurance market with liability limit US$600 million.
The company was included in the encyclopedia “The best Russian insurers”.

2004

Additional emission was carried out and the registered capital was increased up to 70.2 million rubles. The Company obtained a license for reinsurance business.
FSB of Russia granted a license for the works associated with information being a state secret.
The Company was included in the Interfax-AIF rating “100 biggest Russian insurance companies”.

2003

The Company joined the Union of Insurers “Ural and Siberia Agreement”. There were received licenses for 31 new insurance types.
The Company was included in the Interfax-AIF rating “100 biggest Russian insurance companies”.

2002

Company’s experts took classes on motor insurance at Cologne Re. Deputy Director General N.V.Ryzhakov was elected as President of the RAAKS and as Chairman of the Committee of VSS on aviation insurance.
2000
The Company joined the All Russia Union of Insurers (VSS).
The Company joined the Pool on mandatory personal insurance of air transport passengers.
Company’s management took classes at the MGIMO School of Insurance Business.
The Company was included in the Interfax-AIF rating “100 biggest Russian insurance companies”.
The Company was included in the Interfax-AIF rating of economy analysis and the national Rating Agency “The biggest Russian Insurers”.

1999

The Company was included in the Interfax-AIF rating “100 biggest Russian insurance companies”.Company’s expert took part in development of VSS Rules on aircraft insurance and legal liability insurance.
1998
The Company joined the Russian Association of Motor Owner Insurers (RASOVT).
The Company arranged and held the 5th International Conference on aviation insurance with broker AON Group Ltd.
The Company was included in the Interfax-AIF rating “100 biggest Russian insurance companies”.
The Company paid large damages on space risks incurred in connection with the loss of space rockets Soyuz and Proton and also space apparatus Cupon.

1997

The Company was reorganized in a Closed Joint-Stock Company: ZAO TIT Limited Insurance Company The registered capital was increased up to 40.5 million rubles.
The Company was included in the Interfax-AIF rating “100 biggest Russian insurance companies”, in the rating of the Economy and Life newspaper with regard to 50 largest insurance companies of Moscow and Moscow region on voluntary property insurance.
There was effected the largest payment of insurance indemnity on aviation insurance for total loss of Il-76 aircraft and infliction of harm to third parties.
There was effected a large payment of insurance indemnity for total loss of the Zenit-2 space rocket.
Some Company’s experts did their practical training at the Alexander Howden Aviation insurance broker, one of the leading aviation brokers of Lloyd’s.

1996

The Company joined the Russian Association of Aviation and Space Insurers (RAAKS). Company’s experts did their practical training at Heath Lambert, an England insurance broker - one of the leading aviation brokers of Lloyd’s.
The Company joined the Association of Aviation Accident Investigation (ORAP).
1995
The Company was reorganized in OOO TIT Limited Insurance Company.
Some Company’s experts did their practical training at the Alexander Howden Aviation insurance broker, one of the leading aviation brokers of Lloyd’s.
The First International Conference on Aviation Insurance was held jointly with broker Alexander Howden Aviation.
.

1994

The first An-124 Ruslan aircraft was insured.There were insured the first United Nations missions
There were insured the flights of Russian aircraft at the international Airshow in Berlin and Farnborough.

1993

Limited liability partnership (TOO) TIT Limited Insurance Company was registered on 20 October 1993.The Company received a license to conduct insurance business. Concluded the first insurance agreements.