LEXGARANT Insurance Company LTD

What LEXGARANT Insurance Company LTD does

LEXGARANT Insurance Company LTD is a Russian-domiciled specialty insurance carrier incorporated in Moscow on March 2, 1993, operating as a joint-stock company (САО «ЛЕКСГАРАНТ») with an authorized share capital of 600 million rubles. The company underwrites more than 60 insurance products across retail (auto/KASKO/OSAGO, property, liability, mortgage, VMI for foreign nationals, personal accident, and travel/VZR with six program tiers A-G) and seven corporate verticals — financial services, medical practice, transport, aviation and space, industry, construction, and professional services. Aviation and space insurance is the strategic core: LEXGARANT was the first Russian insurer to issue hull and liability coverage for western-built aircraft (1993), is a co-founder of RAAKS, an IUAI member since 2007, and places risks with Lloyd's of London and Swiss Re, Hannover Re, and Pembroke Managing Agency treaty facilities — aviation treaty combined single limit reaches USD 165M per occurrence. The company also holds an authorized reinsurance license (PS No. 0348), UN Procurement Division Level 1 vendor status (2016), and Central Bank of China approval to retrocede Chinese risks (2019).

The business is distributed through three motions: direct online sales at lexgarant.com (automated via the SBM policy administration platform, supporting travel, accident, and VMI issuance in minutes), dedicated corporate sales teams organized by industry vertical with assigned account managers, and channel partnerships (VisaMetric at German Visa Application Centers, INALEX travel company, CLASS-Assist for 24/7 multilingual emergency assistance). Pricing is one-time/per-policy across most retail and commercial lines with annual subscription for corporate voluntary medical insurance (DMS/VMI), where the Russian Tax Code allows up to 6% payroll deductibility. Geographic footprint spans Russia as the primary market with international placements into Europe, Middle East, Latin America, and a targeted Asia expansion following the Chinese regulatory approval. S&P Global Ratings upgraded the financial strength rating to BB- with stable outlook on April 9, 2021, citing the strengthening of international aviation market position.

Revenue mechanics are premium-driven across underwriting and reinsurance: aviation and large commercial risks are primarily retroceded, generating commission and net premium income, while retail travel, accident, and VMI policies are retained at higher net ratios. The company has not disclosed audited revenue, gross written premium, or net income in the available source material. Operating-geographic concentration in Russia and dependence on Western reinsurance capacity present material exposure to sanctions and geopolitical risk.

Name

LEXGARANT Insurance Company LTD

Legal name

Страховое акционерное общество «ЛЕКСГАРАНТ» ("LEXGARANT" Insurance Company LTD.)

Website

https://lexgarant.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

LEXGARANT is a Russian specialty insurance carrier founded in 1993 offering 60+ retail and corporate products, with strategic focus on aviation and space insurance, treaty reinsurance relationships with Swiss Re, Hannover Re, Pembroke, and Lloyd's, and an S&P BB- financial strength rating.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Health and Medical Insurance Carriers (524114)

SIC

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

akta.pro primary industry

Commercial Auto & Fleet Insurance (FSAJAMAB)

akta.pro secondary industries

Personal Auto Insurance (FSAJAMAA), Fleet & Commercial Auto Liability (FSAJABAA)

Keywords

• Aviation insurance
• Property insurance
• Travel insurance
• Voluntary medical insurance
• Reinsurance services

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Property Insurance: Insurance of real estate, home contents, and liability for individuals and corporations, covering fire, water damage, theft, natural disasters, and construction risks.
2. Motor Insurance (Auto): Comprehensive vehicle insurance including KASKO, OSAGO, and voluntary third-party liability (DSGO), offered to private individuals and corporate fleet owners.
3. Travel Insurance (VZR): Insurance for individuals traveling abroad, covering medical expenses, evacuation, repatriation, baggage, and trip cancellation. Programs range from basic to comprehensive multi-trip annual policies.
4. Voluntary Medical Insurance (VMI / DMS): Health insurance programs for foreign citizens (for work permits, patents, student visas) and corporate employees, including outpatient, inpatient, dental, and telemedicine (TeleDoc) coverage.
5. Aviation Insurance: Aircraft hull and liability insurance, aviation third-party liability, space insurance, and reinsurance, covering airlines and aerospace manufacturers internationally.
6. Liability Insurance: Civil liability coverage for tour operators, auditors, notaries, medical institutions, construction companies, and airport operators, including mandatory and voluntary lines.
7. Accident Insurance: Personal accident insurance for individuals and corporate employees, covering death, disability, and temporary incapacity, available online for Russian and foreign citizens.
8. Cargo Insurance: Cargo insurance for domestic, export-import, and transit transportation, offered on 'All Risks', 'Agreed Risks', or 'Wreckage Removal' bases for freight forwarders and enterprises.
9. Reinsurance: Authorized reinsurance activities (License PS No. 0348) providing retroceding capacity to global reinsurance markets for aviation, cargo, property, liability, and motor risks.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

LEXGARANT Insurance Company LTD is a Russian private insurer offering more than 60 insurance products to both individual consumers and corporate clients across property, motor, travel, voluntary medical (VMI/DMS), accident, liability, cargo, aviation, space, and reinsurance lines. The company combines dedicated industry-vertical corporate sales teams with an automated online policy purchase platform (SBM) for retail travel, accident, and VMI insurance.

Product overview

LEXGARANT Insurance Company LTD is a Russian insurance provider offering a comprehensive portfolio of over 60 insurance products across both retail (B2C) and corporate (B2B) segments. The company's core retail products include auto insurance (KASKO, OSAGO, DSGO), property insurance, liability insurance, mortgage insurance, voluntary medical insurance for foreign citizens (VMI), accident insurance, and travel insurance (VZR). The corporate division operates specialized insurance units covering financial services, medical institutions, transport, aviation, industry, construction, and professional services sectors. Each corporate segment offers sector-specific coverage—aviation includes aircraft hull/liability, space, and flight crew insurance; industry covers cargo, machinery breakdown, and entrepreneurial risks; construction encompasses property, montage risks, and warranty obligations. The company also provides reinsurance services with treaty arrangements across aviation, cargo, property, liability, and motor lines. All products are accessible through an online sales platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Travel Insurance (VZR) International travel insurance offered in six program tiers (A, B, C, D, F, G) covering medical expenses, emergency evacuation, repatriation, baggage, trip cancellation, and skiing; available as single-trip or annual multi-trip policies purchased online in minutes with email delivery.
• Online Accident Insurance Personal accident insurance covering death, disability, and temporary incapacity, available for individuals and corporate employee benefit programs and purchasable online.
• Voluntary Medical Insurance for Foreign Citizens (VMI / DMS) Voluntary medical insurance programs for foreign citizens and stateless persons covering work permits, patents, studies, and residence in Russia, including outpatient, inpatient, dental, and emergency care; available online with dedicated hotline.
• TeleDoc Telemedicine Health Insurance Voluntary health insurance program incorporating TeleDoc telemedicine services to deliver remote medical consultations to insured persons.
• Auto Insurance (KASKO, OSAGO, DSGO) Comprehensive automobile insurance including KASKO (full hull coverage), OSAGO (mandatory third-party liability), and DSGO (voluntary third-party liability extension) for private individuals and corporate fleet owners, with tiered programs by vehicle value.
• Property Insurance Insurance coverage for real estate, home furnishings, and liability protection against fire, explosions, water damage, natural disasters, and other perils for residential and commercial properties, including electronic equipment and business interruption.
• Mortgage Insurance Combined mortgage insurance protecting borrowers and lenders against default risks and property damage during the mortgage term.
• Liability Insurance Civil liability insurance for harm to third parties' life, health, or property during business operations, including professional liability for actuaries, notaries, auditors, medical institutions, and construction firms.
• Aviation Insurance Aircraft hull and liability insurance, aviation third-party liability, passenger and cargo liability, flight crew personal accident and loss of license, airport operator liability, aerospace manufacturer liability, and space risks for airlines, airports, and manufacturers.
• Cargo Insurance Cargo insurance for domestic, export-import, and transit transportation offered on 'All Risks', 'Agreed Risks', or 'Wreckage Removal' bases, with capacity up to USD 6,000,000 per conveyance led by Pembroke Managing Agency.
• Construction All Risks Insurance Construction and erection all-risks insurance covering construction, installation, third-party liability, post-commissioning warranty, movable equipment, and self-regulatory organization liability for construction enterprises.
• Industrial Insurance Business risk coverage for industrial manufacturers including entrepreneurial risks, property, machinery breakdown, movable and electronic equipment, post-commissioning warranty, and cargo coverage.
• Corporate DMS (Voluntary Medical Insurance for Employees) Annual voluntary medical insurance programs for corporate employee benefits including outpatient, inpatient, dental, emergency, and telemedicine services, with up to 6% of payroll deductible under Russian Tax Code.
• Reinsurance Reinsurance services operated under Bank of Russia license PS No. 0348, providing automatic treaty and facultative reinsurance across aviation hull (USD 165M combined limit), cargo (USD 6M), property (USD 5M per location), liability (USD 1M), and motor hull (USD 200K per vehicle) with Swiss Re, Pembroke, and Hannover Re.
• 2018 FIFA World Cup Cancellation Insurance One-off event cancellation insurance coverage for the complete cancellation or postponement of the 2018 FIFA World Cup from Russia, with 90% retroceded to London-market reinsurers rated AA- by S&P.

Quantifiable outcome

• S&P rating upgrade from B+ to BB- in April 2021 reflecting strengthened market position in international aviation insurance
• +3 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• Bonhams Auction HouseminorGTM or Marketing Partner · 20 November 2019LEXGARANT was General Partner for the exhibition 'Prometheus Unbound: Early Works by Ernst Neizvestny' at Bonhams in London (November 24-27, 2019), one of the world's oldest and largest auction houses.
• Russian Asian Union of Industrialists and Entrepreneurs (РАСПП/RAUIE)minorStrategic or Co-development Partner · 26 April 2019LEXGARANT became a full member of RAUIE to develop cooperation with Asian markets, particularly China. RAUIE was registered in 2010 to implement government programs for integration with Asian countries. LEXGARANT aims to expand business in China, Philippines, Mongolia, India, Korea.
• VisaMetriccoreChannel Partner/ Reseller/ Distributor · 27 March 2019Exclusive partnership for provision of insurance services in German Visa Application Centers in Russia. LEXGARANT's VZR (medical travel insurance) policies can be purchased when applying for a German Schengen visa. All programs meet German and Schengen visa requirements.
• Union of French Citizens Living Abroad (UFE)minorGTM or Marketing Partner · 1 January 2017LEXGARANT became Prestige Partner of UFE, an organization established in 1927 serving French citizens living abroad, expanding brand visibility in international expatriate communities.
• SBM (Solutions Business Manager)coreTechnology or Integration · 1 January 2017Technology platform partner for automated policy sale system; LEXGARANT commissioned new automated policy sale system developed on SBM platform, enabling online insurance sales for Russian and foreign citizens.
• Swiss Reinsurance Company Ltd.coreTechnology or Integration · 12 October 2015Leading reinsurer for LEXGARANT's Aviation Hull and Liability treaty, providing Combined Single Limit of USD 165,000,000 per occurrence/aircraft with sublimits for liability (USD 150,000,000) and hull war (USD 15,000,000). This is a core treaty arrangement enabling LEXGARANT to underwrite large aviation risks.
• Hannover RecoreTechnology or Integration · 12 October 2015Leading reinsurer for Property (USD 5,000,000 per location), Liability (USD 1,000,000 per occurrence), and Motor Hull (USD 200,000 per vehicle) treaty arrangements. Provides automatic facultative reinsurance capacity enabling same-day risk acceptance.
• Pembroke Managing Agency LtdcoreTechnology or Integration · 12 October 2015Leading reinsurer for Cargo risks treaty with limit of USD 6,000,000 per conveyance, supporting LEXGARANT's cargo insurance operations globally.
• CLASS-AssistcoreTechnology or IntegrationService company partner for travel insurance providing 24/7 emergency assistance with Russian-speaking doctors and coordinators speaking multiple foreign languages; correspondent network of 70,000+ providers worldwide covering all countries.
• INALEX (Travel Company)minorChannel Partner/ Reseller/ DistributorListed as a travel company partner on LEXGARANT's website; provides travel insurance distribution to tourists and travelers.
• Lloyd's of LondoncoreTechnology or IntegrationLEXGARANT places risks with Lloyd's of London and the London company market, providing access to global reinsurance capacity and international insurance market credibility.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Allianz: Global multi-line insurer with strong corporate, property, casualty, and aviation offerings. Comparable as a benchmark for the diversified P&C operating model LEXGARANT emulates across its seven corporate verticals.
• AIG (American International Group): Global commercial insurer with deep aviation and aerospace practice. Comparable to LEXGARANT on aviation hull and liability underwriting and on cross-border reinsurance treaty participation.
• VSK (Voennaya Strakhovaya Kompaniya): Large Russian P&C insurer historically tied to military and government clients, now offering broad personal and corporate lines including auto, property, VMI, and aviation. Comparable as another broad Russian P&C incumbent with international reinsurance reach.
• SOGAZ: Russia's largest insurer by premiums, state-affiliated, providing a full P&C and life portfolio including aviation, energy, cargo, and corporate liability. Comparable as the dominant Russian broad-line incumbent against which LEXGARANT's specialty aviation and corporate offerings compete for share.

Direct peers

• AlfaStrakhovanie: Top-10 Russian multi-line P&C and life insurer offering auto, property, aviation, cargo, liability, and corporate programs. Closely comparable to LEXGARANT in product breadth, corporate segmentation, and use of online retail channels.
• Global Aerospace: Specialist aviation insurance pool underwriting airline hull, liability, and satellite risks through a multi-carrier facility. Directly comparable to LEXGARANT as a focused aviation and space risk carrier with similar treaty-based capacity model.
• RESO-Garantia: Major Russian multi-line P&C insurer with strong retail auto (KASKO/OSAGO) and corporate programs. Directly comparable to LEXGARANT's mix of personal auto, property, and corporate insurance lines within the Russian market.
• Ingosstrakh: One of Russia's largest and longest-established property & casualty insurers, offering personal and corporate lines including auto, property, liability, aviation, and travel. Most directly comparable to LEXGARANT in product breadth, multi-line Russian P&C model, and corporate-vertical sales organization.

Others

• Swiss Re: Leading global reinsurer and lead treaty partner on LEXGARANT's aviation book (USD 165M combined single limit). Comparable as the reinsurance counterparty that defines LEXGARANT's large-risk capacity and reflects the type of capacity-rich global reinsurer LEXGARANT competes with on retroceded risks.
• Munich Re: World's largest reinsurer and a major treaty capacity provider for Russian insurers including aviation, property, and motor. Comparable as a treaty counterparty model and as the global benchmark for aviation/specialty reinsurance underwriting that LEXGARANT participates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lexgarant

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 LEXGARANT Insurance Company LTD