IPJSC Ingosstrakh (Russian: СПАО «Ингосстра́х») is one of the major insurance companies of Russia, as well as a public joint-stock company. Headquartered in Moscow, Ingosstrakh is the legal successor of the Chief Agency of Foreign Insurance of the USSR, founded in 1947. In 1972, it transformed into a stock company with 100% government shares. It went private in 1992.
The first subsidiary foreign companies were established the Blackbaltsea in London in 1924 and the Black Sea-Baltic Insurance Joint Stock Company (SOVAG) or also transliterated as SOFAG in Hamburg on 7 July 1927.[4][5] In Hamburg, SOFAG's sphere of activity included Austria, Czechoslovakia, Poland, the Scandinavian states and countries bordering Russia.[4] In London, Blackbalsea covered the rest of the Europe.[4] General representative offices of Gosstrakh, and later Ingosstrakh, were opened in Harbin and Tehran.[4]