Headquartered in Moscow, Ingosstrakh is the legal successor of the Chief Agency of Foreign Insurance of the USSR, founded in 1947.

[5][6][b] In Hamburg, SOFAG's sphere of activity included Austria, Czechoslovakia, Poland, the Scandinavian states and countries bordering Russia.

[5] General representative offices of Gosstrakh (Russian: Госстрах), and later Ingosstrakh, were opened in Harbin and Tehran.

[5][c] Four representative offices of Ingosstrakh operate in the foreign countries – Azerbaijan, Kazakhstan, India and China.

In January 2007 the PPF Group together with the large global insurer Generali (Italy) created the holding company Generali PPF Holding to develop the insurance operations in the countries of Eastern and Central Europe.