What Sogaz does

Sogaz (АО «СОГАЗ», formally «Страховое общество газовой промышленности») is a private Russian joint-stock insurance company founded in 1993 and headquartered in Moscow at Prospekt Akademika Sakharova, 10. Originally created to serve the Russian gas industry, the company has expanded over 30 years into Russia's largest insurance group by premium collections and payouts in non-life categories for 2024 according to Bank of Russia data. Sogaz operates a universal insurance platform spanning compulsory motor liability (OSAGO), voluntary motor (KASKO), property, travel, voluntary health insurance (DMS), life and savings insurance, corporate liability, construction and installation risks, cyber risk, aviation, marine, and reinsurance. Its technology stack centers on a digital insurance platform comprising the shop.sogaz.ru e-commerce portal, a mobile application ('SOGAZ — health and insurance') with an AI health assistant and QR-code-based policy activation, an online claims submission system, and telemedicine integrations with DMS offerings.

Sogaz generates revenue primarily through subscription-based premium income across personal and commercial lines, distributed through a nationwide branch network covering at least 18 Russian cities, an 800-number hotline, online shop, mobile app, and bank distribution partnerships with Gazprombank and VTB. The company serves three primary customer segments: individual retail customers (OSAGO, KASKO, apartment, travel, life), corporate and enterprise clients (Rosatom, VK Group, Sterlitamak Petrochemical Plant, Nizhnekamskneftekhim, Siberian Agrarian Group), and government and state entities (Ministry of Defense, MCHS, National Guard, MVD, FSIN, judges). Sogaz holds the highest possible national credit ratings from ACRA (AAA(RU), confirmed nine times), RAEX (ruAAA), and NKR (AAA.ru), with an A- international rating from ACRA. The group structure includes Sogaz-Life, Sogaz-Med, NPK, and Shop.Sogaz as core operating subsidiaries.

The business model combines enterprise field sales for large government and corporate contracts with self-service digital channels for retail volume, supplemented by a telemedical and pharmacy reimbursement layer for health insurance. Distribution is augmented by co-developed products with VTB Bank (DMS 'Pharmacy and Health') and Infosystems Jet (cyber risk), as well as specialized capacity in marine P&I coverage authorized by India's Directorate General of Shipping for Russian oil trade. Sogaz works directly with RNPK (Russian National Reinsurance Company) for large industrial risks above 20 billion rubles requiring business continuity plans, positioning it as the primary domestic risk carrier in segments where Western reinsurers have withdrawn due to sanctions.

Name

Sogaz

Legal name

Акционерное общество «Страховое общество газовой промышленности» (АО «СОГАЗ»)

Website

https://sogaz.ru

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sogaz is Russia's largest non-life insurance group, founded 1993, offering OSAGO, KASKO, property, DMS, life, cyber, marine, and aviation insurance to retail customers, large enterprises (Rosatom, Gazprombank, VK), and government entities through a nationwide branch network, digital platform, and bank partnerships.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Life Insurance Carriers (524113), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Accident & Health Insurance (6321)

akta.pro primary industry

Large Commercial Package (National Accounts) (FSAJAFAC)

akta.pro secondary industries

Commercial General Liability (CGL) (FSAJADAA), Simplified Issue Whole Life / UL Insurance (FSAIABAH)

Keywords

• Property and casualty insurance
• Voluntary health insurance
• Marine cargo insurance
• Cyber risk insurance
• Life insurance products

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices19 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Property and Casualty Insurance: Core non-life insurance including OSAGO (mandatory auto liability), CASCO, property insurance, homeowners insurance, travel insurance, accident insurance.
2. Voluntary Health Insurance (DMS): Corporate voluntary medical insurance programs for employees of client companies, including telemedical consultations, comprehensive health check-ups, and pharmacy reimbursement modules.
3. Corporate Liability Insurance: Coverage for shipowners, carriers, dangerous production facilities, officials, self-regulatory organizations, ecology, and cyber risks.
4. Cargo and Marine Insurance: Insurance for cargo transportation and maritime vessels, including hull insurance for ships like the Umba tanker ($49 million coverage).
5. Construction and Installation Risks: Insurance for construction and installation work with payouts exceeding 3.2 billion rubles for industrial enterprises.
6. Life Insurance: Through subsidiary Sogaz-Life, the company offers accumulated life insurance and personal accident coverage.
7. Marine Protection and Indemnity Insurance: Sogaz is authorized as one of 11 Russian marine insurers approved by India's Directorate General of Shipping for covering vessels transporting Russian oil.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels8 records

Core offering

Sogaz is a universal federal-level insurance company offering a comprehensive portfolio of personal and commercial insurance products, including mandatory auto liability (OSAGO), voluntary auto (KASKO), property, travel, voluntary medical (DMS), life, and accident insurance for individuals, plus corporate coverage for property, cargo, marine, construction, aviation, cyber, and liability risks. The company distributes through a nationwide branch network, online shop (shop.sogaz.ru), mobile app with AI health assistant, and bank partnerships, and is authorized as one of 11 Russian marine insurers approved by India's Directorate General of Shipping.

Product overview

Sogaz is a universal federal-level insurance company offering a comprehensive portfolio of insurance products and services through multiple channels. The core product offering includes personal lines (OSAGO, KASKO, apartment, travel, health/accident, life insurance) and corporate products (property, construction risks, cyber risk, aviation, marine, reinsurance). The company operates through its main website, a mobile application 'SOGAZ - Health and Insurance' featuring an AI health assistant, and the shop.sogaz.ru e-commerce platform. Special corporate programs include employee insurance for VK Group, DMS policies for responsible business, and a new 'Pharmacy and Health' product developed with VTB Bank. The company also provides a Medical Organization Rating platform for outpatient care quality assessment.

Differentiator

Problem solved

Functional benefit

Brands

• Sogaz-Life (СОГАЗ-Life): Life insurance and savings products subsidiary operating at sogaz-life.ru
• Sogaz-Med (СОГАЗ-Мед)
• Shop.Sogaz
• EO-SOGAZ (ЕОСАГО)

Products and services

• OSAGO (Compulsory Motor Liability Insurance)
• KASKO (Voluntary Vehicle Insurance)
• Yacht and Boat Insurance
• Apartment Insurance
• Travel Insurance
• Voluntary Health Insurance (DMS)
• DMS Policy 'Pharmacy and Health' (ДМС 'Аптека и здоровье')
• Life and Savings Insurance
• Mortgage Insurance
• Life Insurance from Accidents and Diseases for VK Employees
• Corporate Property Insurance
• Construction and Installation Risk Insurance
• Cyber Risk Insurance
• Shipowners Liability Insurance (Marine P&I)
• Aviation Insurance
• Reinsurance Services
• Professional Athlete Insurance
• Mobile Application 'SOGAZ - Health and Insurance'

Quantifiable outcome

• Insurance payouts of 3.2 billion rubles for industrial accidents during construction work
• +3 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered major, core and minor.

• India Directorate General of ShippingmajorStrategic or Co-development Partner · 20 April 2026Sogaz is one of 11 Russian marine insurers authorized by India's Directorate General of Shipping to provide marine protection and indemnity coverage for ships docking at Indian ports, transporting Russian oil amid Strait of Hormuz disruptions and Western sanctions. Registrations valid until 2026-2030.
• VK Group (VKontakte)coreStrategic or Co-development PartnerSogaz provides comprehensive life and accident insurance for VK Group employees covering 26 specified critical illnesses, temporary disability, permanent disability, and death. Program includes 24/7 worldwide coverage with exclusions for war zones.
• Gazprombank (Газпромбанк)coreChannel Partner/ Reseller/ DistributorSogaz provides credit life and accident insurance for Gazprombank borrowers under consumer loans and mortgages. Policy can be terminated with premium refund upon full loan repayment.
• VTB Bank and VTB MedicinecoreStrategic or Co-development PartnerJoint development of DMS 'Pharmacy and Health' insurance product. Policy sold through VTB branches, includes pharmacy reimbursement (up to 90%, limit 50,000 rubles), health check-ups, telemedicine, and sanatorium selection assistance.
• Rosatom (Госкорпорация «Росатом»)coreStrategic or Co-development PartnerSogaz won competitive bid for voluntary medical insurance and accident insurance of Rosatom employees for 2017-2018.
• RPK Nord (OOO «РПК Норд»)minorStrategic or Co-development PartnerHull insurance contract for Umba tanker in Murmansk for $49 million coverage amount.
• Siberian Agrarian Group (Сибирская Аграрная Группа)minorStrategic or Co-development PartnerCorporate insurance contract signed by Tomsk branch for property and risk coverage.
• Sterlitamak Petrochemical Plant (Стерлитамакский нефтехимический завод)minorStrategic or Co-development PartnerProperty insurance for plant equipment with sum insured of 130.6 million rubles, two-year term.
• Russian National Reinsurance Company (RNPK)coreStrategic or Co-development PartnerSogaz works directly with RNPK as Russia's sole reinsurer (since 2022) for large industrial risks over 20 billion rubles, requiring Business Continuity Plans (BCP). Sogaz has experience in RNPK BCP coordination.
• Gazprom Neft Cup TournamentminorGTM or Marketing PartnerSogaz served as partner of XI Gazprom Neft Cup, insuring all participants, organizer liability, and the main tournament trophy.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Ingosstrakh: One of Russia's largest universal P&C and life insurers, offering personal and corporate lines across auto, property, health, travel and industrial risks. Direct overlap with Sogaz in corporate P&C, OSAGO and corporate DMS.
• RESO-Garantia: Top-three Russian multi-line insurer with strong retail auto and corporate accounts, competing head-to-head with Sogaz in OSAGO, CASCO, property and DMS. Closely comparable by product breadth and distribution mix.
• VSK Insurance House: Universal Russian insurer serving corporate and retail across P&C, life and health lines with active government/military contract franchise. Highly comparable on product set, customer types and government relationships.
• Rosgosstrakh: Historically dominant Russian insurer offering the full range of personal and corporate P&C, life and health products. Comparable in scale, geographic reach, and retail-product parity with Sogaz.
• AlfaStrakhovanie: Major Russian multi-line insurer affiliated with Alfa-Bank, operating across P&C, life, DMS and corporate programs. Comparable bank-distribution and corporate-client model to Sogaz's Gazprombank/VTB channels.
• Renaissance Insurance Group: Large Russian universal insurer providing OSAGO, CASCO, property, travel, life and corporate coverage with a strong digital focus. Directly comparable product portfolio and retail distribution style.
• MAKC (Moscow Joint-Stock Insurance Company): Top Russian multi-line insurer with significant OSAGO and corporate P&C volumes and government contract presence. Comparable product breadth and federal-level institutional clients.
• ABSOLUT Insurance: Mid-to-large Russian universal insurer active in corporate P&C, OSAGO, construction and aviation risks. Comparable in serving large industrial accounts alongside retail lines.
• Sberbank Insurance (Sberbank Strakhovanie): Sberbank Group's insurance arm, distributing life and P&C products through Russia's largest retail bank. Comparable captive-bank distribution model to Sogaz's Gazprombank partnership.
• VTB Insurance: Insurance arm of VTB Group with P&C, life and bank-distribution franchise. Already partnered with Sogaz on the 'Pharmacy and Health' DMS product and a comparable competitor across VTB's captive channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sogazrussia
• Facebookfacebook.com/sogazrussia
• LinkedInlinkedin.com/company/sogaz

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sogaz