The panic around the crisis has already claimed to the automotive market of Russia more than $ 6 billion

Today in Russia there are subsidiaries of many major international carriers - Allianz, Munich Re, Axa, Zurich, Aviva, Ace, ING, Fortis, AIG. The latter was probably one of the main victims of the crisis. Net loss American International Group for the 9 months of 2008 totaled $ 37.63 billion is reasonable to assume that those liquidity problems that have emerged from the company must directly relate to its Russian subsidiary. However, as the head assures Rosstrakhnadzor Ilya Lomakin-Rumyantsev, yet there is no reason to worry: "If at the end of 1990," AIG Russia, "said she as a 100-percent" daughter "AIG uses the parent guarantee and thus has a AAA-rated from S & P, but now considers himself a Russian division completely autonomous. In general, the domestic insurance market situation with AIG did not seriously affect ". It is not easy now, not only to American International Group. "All financial markets are experiencing difficulties in the crisis. ING is no exception. The company was first in the history of incurred losses, amounting in the third quarter of 2008, 585 million euros," - says chief financial officer, chief actuary of the company "ING Life Insurance Cyril hot. Allianz's net profit for the period fell by almost a factor of 11 - to 667 million euros compared with 7.3 billion received during the same period of 2007. Since the beginning of the decline of stock price Munich Re was 18%, Zurich - 24%, Axa - 41%, Allianz - 49%, ING - 72%, Fortis - 93%, AIG - 97%. Their daughter in Russia, however, quite confident in myself and in the parent structures. For example, the general director of Ergo-Russ Alexander May notes that compared to other big players Munich Re looks most favorable. "Our parent company giperkonservativna and therefore in all crises, rather, adds his assets, rather than losing it. We are now, by the way, even more conservative on some issues than the head office. For example, with respect to currency risk. Obviously, the devaluation of the ruble is not far off and better for us to keep the assets in the euro ", - says Alexander Mai. While perhaps daughters saves just that in Russia they are working on local rules, obeying the orders of the Ministry of Finance and the requirements Rosstrakhnadzor, which in itself gives them considerable autonomy. "Equity" ING Life Insurance posted in accordance with Russian law. Norms perform "oversized." This fits into our business plan ", - said Kirill hot. Despite what is happening, its development strategy in Russia, foreign insurers are not going to reconsider. "Our strategy has not changed, there were no instructions from the parent structure. We continue to focus on to become a leading player in the Russian market", - optimistic, deputy director of the company Tsyurih.Riteyl Reinhard Stary. "ING holds previously chosen strategy. The company entered the Russian market in 2007, providing for a phased development through the agency sales channel - its own network of financial advisers. We expect steady growth of life insurance in Russia", - adds Cyril hot. According to Alexander May, next year we should expect a strong push towards the consolidation of the market, not excluding a series of failures of credit institutions and insurance companies. Now the main problem for insurers may become inadequate reserves and high-profitability. "If the ruble will fall more sharply than it is now down CB, then this has caused the jump in loss ratio, for example, risks avtoskasko and LCA too frequently denominated in currencies," - says the head of "Ergo-Russ.