AHML Insurance Company OJSC (AHML Insurance Company) is an insurance and reinsurance company specializing in mortgage insurance , the main shareholder is the state (through the parent company AHML OJSC, the state share in which is 100%).
| AHML Insurance Company | |
|---|---|
 | |
| Type of | Public corporation |
| Activities | insurance and reinsurance |
| Year of foundation | 2010 |
| Abolished | Abolished |
| Location |  Russia : Moscow |
| Types of insurance | liability insurance for non-performance or improper performance of obligations under the contract, insurance of financial risks |
| Insurance premiums (fees) | ▲ 166 million rubles (2012) |
| Insurance payments | ▲ 1.3 million rubles (2012) |
| Net profit | ▲ 12.558 million rubles [1] |
| Number of employees | 0 |
| Auditor | Ernst & Young LLC [2] |
| Site | www.insurahml.ru |
In 2017, the company abandoned activities in the insurance market, and therefore the Bank of Russia revoked its license [3] .
The size of the authorized capital (as of January 2014) is 3 billion rubles [4] .
Content
Company founders
- AHML OJSC - 99.963%
- Association of Russian Banks - 0.033%
- Non-profit partnership National Insurance Guild - 0.03%
Governing bodies
The supreme governing body is the general meeting, which elects the board of directors, which is responsible for all issues of the strategic development of the company, the board and the general director.
History
The close relations of AHML with insurance companies have been maintained since 2001-2002. By the end of October 2009, AHML developed and approved the “Concept for the Development of a Mortgage Insurance System” [5] [6] , and announced the plans of AHML to create its own subsidiary insurance company [7] . It was planned that in 2010 - 2015 a new insurance company will insure half a million mortgage loans totaling 0.8 trillion rubles [6] . At the end of December 2009, the decision to establish IC AHML was made by the supervisory board of OJSC AHML [8] . On January 28, 2010, OJSC AHML Insurance Company is registered by the Federal Tax Service [9] , and on May 20, 2010, the Federal Insurance Supervision Service , which issued AHML insurance company a reinsurance license [10] . A month later, on June 29, 2010, IC AHML signs the first risk reinsurance contract under the borrower's liability insurance contracts . For the Russian insurance market, this was a notable event — despite the long-established mortgage liability insurance provision [11] , the method of protecting the borrower and lowering the interest rate on the mortgage loan has not been applied [12] . In February 2012, the first risk reinsurance contract was concluded under lenders' financial risk insurance contracts. On November 27, 2012, the Federal Service for Financial Markets issued SK AHML a license to:
- - liability insurance for non-performance or improper performance of obligations under the contract,
- - insurance of financial risks [13] [14] .
The license was revoked in connection with the refusal of the company from activities in the insurance market.
Activities
“IC AHML” very quickly gained a portfolio of reinsured mortgage insurance contracts. In 2010, a total of 582 loans were reinsured with a total liability of 62.1 million rubles. In 2011, out of 6.9 thousand insurance contracts concluded with mortgage lending, more than 4 thousand were reinsured at IC AHML. By March 2012, about 4.7 thousand contracts were reinsured at IC AHML [15] .
OJSC IC AHML developed and implemented insurance products and mortgage insurance standards, provides training to credit institutions on the use of risk sharing tools and ways to reduce interest rates on mortgage loans through mortgage insurance , and worked with banks and insurance companies to develop new products and promote mortgage insurance [16] , developed mortgage insurance standards, initiated changes in the legal and regulatory bases for the development of mortgage Article ahovaniya [17] , the collection and analysis of statistical data on the mortgage insurance market [18] .
OJSC IC AHML was the only Russian reinsurance company that accepts reinsurance risks under mortgage insurance contracts [13] . Over 20 large insurance companies enjoy reinsurance protection of IC AHML, including AlfaStrakhovanie , MAKS , Rosgosstrakh , UralSib , Surgutneftegaz , Guta-Strakhovanie , Sogaz , VSK and others [19 ] . In order to ensure increased reliability of the mortgage lending market, IC AHML carried out activities with a conservative risk: capital ratio of 10: 1 [20] .
AHML insurance company had good [ what? ] ratings from international rating agencies Moody's and Fitch . Currently [ when? ] the company refused insurance and reinsurance activities, in connection with which the Bank of Russia revoked its license.
Notes
- ↑ Report on financial results of IC AHML for 2012 (inaccessible link) . Date of treatment May 25, 2013. Archived February 1, 2014.
- ↑ Auditor's report on the financial statements of OJSC IC AHML for 2012 (Inaccessible link) . Date of treatment January 27, 2014. Archived February 1, 2014.
- ↑ RNS . The Central Bank revoked the licenses for insurance and reinsurance of "AHML Insurance Company" This is reported by Rambler. Next: https://news.rambler.ru/business/38798358/?utm_content=rnews&utm_medium=read_more&utm_source=copylink (12.29.2017).
- ↑ The size of the charter capital of IC AHML - change by years, data from the register of insurance organizations
- ↑ The program of the open joint-stock company “Agency for Housing Mortgage Lending” for the development of mortgage insurance (inaccessible link) . Date of treatment January 22, 2014. Archived July 17, 2012.
- ↑ 1 2 The increase in the availability of mortgages threatens with defaults . RBC Daily (October 27, 2009). Date of treatment January 21, 2014.
- ↑ AHML will create a “daughter” for mortgage insurance . Vedomosti (November 2, 2009). - OJSC Agency for Housing Mortgage Lending (AHML) plans to create a subsidiary insurance company as part of a program to develop a mortgage insurance system. The main goal of the AHML insurance company will be to provide mortgage insurance to borrowers, lenders, and insurance companies. Date of treatment January 21, 2014.
- ↑ Rozhkov, Alexey. Policies from AHML . Vedomosti (January 11, 2010). - The AHML Supervisory Board at the end of December approved the creation of an insurance subsidiary - AHML Insurance Company OJSC (SK AHML) - and its business plan for 2010-2012, the agency said. AHML will contribute 1.5 billion rubles to the insurer's authorized capital, the basic scenario of the business plan stipulates that the number of insured mortgage loans in 2010 will be 12,300. (in January - November 2009, the agency refinanced 22,613 loans). Date of treatment January 21, 2014.
- ↑ SC AHML - Annual Report on the results of work for 2012 (inaccessible link) . Date of treatment January 20, 2014. Archived February 1, 2014.
- ↑ License for reinsurance (Inaccessible link) . Date of treatment May 22, 2013. Archived February 1, 2014.
- ↑ Federal Law of July 16, 1998 N 102-ФЗ “On Mortgage (Real Estate Mortgage)”: Article 31. Insurance of mortgaged property and borrower's liability for loan default
- ↑ OJSC IC AHML transferred the first borrower liability insurance contracts to reinsurance // Company News on the Insurance Today portal, October 15, 2010
- ↑ 1 2 SK AHML received a license for insurance activities . RIA Novosti (2012-28-11). - "AHML Insurance Company", specializing in risk reinsurance under mortgage insurance contracts concluded by insurance companies, has received a license to carry out insurance activities, follows from the FSFM. Date of treatment January 13, 2014.
- ↑ Insurance license for AHML Insurance Company (Inaccessible link) . Date of treatment May 22, 2013. Archived January 13, 2014.
- ↑ Shestopal, Olga. Mortgage on subsidiary capital. AHML was thinking about privatizing its subsidiaries . Kommerasnt (March 27, 2012). - The Agency for Housing Mortgage Lending (AHML) is considering the possibility of attracting private investors to subsidiaries - insurance and restructuring agency (AHML). At this stage, these companies are not too interesting for potential investors, experts say. Date of treatment January 23, 2014.
- ↑ Interfax: AHML discusses with the Central Bank a decrease in reserve standards for insured loans for banks
- ↑ Russian Newspaper: How to protect yourself from the risk of losing both housing and money
- ↑ IC AHML notes the growth of insurance // Kommersant: Newspaper. - May 14, 2013.
- ↑ List of insurance companies provided with reinsurance protection by IC AHML Archived on January 13, 2014.
- ↑ Each mortgage risks three times in life to get into “bad” borrowers . RIA Novosti (July 25, 2012). Date of treatment January 21, 2014.