Gosstrakh SSSR

[5] The decree of October 6, 1921 prescribed "to organize in all areas of the RSFSR, both rural and urban, state property insurance of private households against the following natural disasters: fires, livestock death, hail damage to crops, as well as accidents on water and land transport routes".

[5][6] On September 18, 1925, the Presidium of the Central Executive Committee and the Council of People's Commissars of the Soviet Union approved the "Regulations on State Insurance of the USSR".

[7] During the Great Patriotic War, Gosstrakh of the USSR continued to work quite actively in the unoccupied territories.

Due to the liquidation of collective life insurance, the number of active contracts for this type of operation fell to 1.4 million.

On the basis of the former republican boards of Gosstrakh SSSR (in the former union republics), insurance companies were created in the new independent states.

In the RussiaRussian Federation in 1992, by the Order of the Government of Russia, the Board of Gosstrakh and the republican administration of Gosstrakh SSSR were transformed into the Russian state joint-stock insurance company Rosgosstrakh, 100% of whose shares belonged to the State Property Committee of the Russian Federation.

Peasants' horses, cattle, private houses - in the countryside and in the city, as well as crops - were insured on a compulsory basis.

[5][6] Gosstrakh entered the foreign market at the beginning of 1924 in connection with the insurance of Soviet import and export.

The Trade Mission in Germany, ARCOS and Centrosoyuz in London, Amtorg Trading Corporation in New York had long-term agreements with foreign insurance companies, so-called general policies, on the basis of which they assumed an obligation to insure all their cargo with them - both during the sea and rail journey, and while they were in the warehouse.

This contract did not last very long; already in October of the same year, Gosstrakh was forced to terminate it and conclude a new agreement with a whole group of English insurance companies.

Insurance companies from England, Italy, Germany, France, Spain, Czechoslovakia, Austria, Norway and Japan participate in the reinsurance contract of Gosstrakh for 1936.

In order to improve the service of insurance of export and import, as well as to establish connections in foreign insurance markets, Gosstrakh, together with the People's Commissariat of Foreign Trade and Cooperation, founded in London at the beginning of 1925 a joint-stock company with a paid-up capital of 100 thousand pounds sterling under the name "Blackbalsey" in London.