About the company

Non-profit corporate organization “Consumer Mutual Insurance Society Insango” (NPO POVS “Insango”) was established on May 17, 2022.

NCO Mutual Insurance Company Insango operates under the license of the Central Bank of the Russian Federation VS No. 4393. The Company's head office is located in Moscow.

Having a staff of highly qualified specialists, NCO POVS Insango specializes in insurance of cargoes transported by any type of transport, liability of carriers and forwarders, as well as insurance of marine risks - ships, including those under construction and ship repair works, and shipowners' liability.

The mission of the company - we work to ensure that each client always has the opportunity to get the insurance protection he needs!

Legislative exemption of mutual insurance companies from profit tax, absence of necessity to form authorized capital, other methods of calculation of obligatory insurance reserves agreed by the Central Bank of the Russian Federation for NPO POVS Insango, competence of underwriters in risk assessment and practice of risk placement in the leading Russian insurance and reinsurance companies allow us to offer our clients unique insurance tariffs for the Russian market.

When insuring shipowners' liability NCO POVS Insango issues certificates in accordance with the requirements of international conventions (BC, Wreck, CLC, HNS, MLC, Athen, etc.).

When insuring maritime transportation of cargoes NCO POVS Insango has unique opportunities to provide insurance coverage in case of complex structure of the transaction on cargo delivery to the final consignee, including participation in the transaction of “chain” of several non-resident intermediaries and their use of several types of Incoterms contracts at different stages of the transaction.

When insuring vessels and liability, Insango has the infrastructure and experience in making cross-border payments to surveyors, dispatchers, independent lawyers in foreign jurisdictions, as well as providing security deposits in the event of a general accident.

The reliability of Insango's insurance operations is backed by reinsurance programs in rating insurance and reinsurance companies of the Russian Federation, and by the confidence in our policies on the part of banks financing export transactions.

The management bodies of the Company are the General Meeting of Members of the Company, the Management Board of the Company and the Director of the Company. The executive body of the Company is the Director of the Company

To ensure fulfillment of mutual insurance obligations, the Company forms insurance reserves and places insurance reserve funds in accordance with the procedure and on the terms established by the regulations of the Bank of Russia. Funds of insurance reserves shall be used exclusively for insurance payments and receipt of additional investment income in the interests of the members of the Company.

The Bank of Russia supervises the Company's activities in order to ensure the Company's compliance with insurance legislation, prevent and suppress violations.

Check information about the Company and the valid license for mutual insurance on the official website of the Bank of Russia at https://www.cbr.ru/ and in the Unified State Register of Insurance Business Entities.