Philip GABUNIA, who now is the Director of the Department for collective investment and trust management at the Central Bank of Russia, will be the new Director of the Insurance Market Department, as the Central Bank announced.


Official order on Philip GABUNIA's appointment comes into force on May 2018. Before this position was assumed by Igor ZHUK, the Central Bank informed about his dismissal on March 2. According to the Central Bank Igor ZHUK was going to "focus on developing his own projects". At the moment the acting Director of the Department is ex-Deputy Director, Alexey BARBASHOV.

Philip GABUNIA was appointed as the Director of the Department for collective investment and trust management at the Central Bank of Russia in 2014. He is the Adviser to the Chairman of the Bank of Russia. During 2008-2010 he headed the division on methodology of goal-oriented planning at the Department on strategic management and budgeting of The Ministry of Economic Development and Trade. From 2010 he worked as a Deputy Director of the Department on strategic management and budgeting at The Ministry. He also assumed the position of the Director of the Department on formation of the Common Free Market Zone at The Ministry of Economic Development and Trade.


More details on the Russian insurance market can be found in the forthcoming issue of the specialized publication "INSURANCE Profile Russia FY2017", will be officially launched on April 10th.
The biannual bilingual publication (Russian and English) includes the FY2017 financial results of the insurance market, from GWP and mediated premiums to claims paid, but also aspects such as reinsurance statistical data, the insurance companies' GWP portfolios etc., as well as the status of the Russian reinsurance market and perspectives of reinsurance market alongside of the new partner - RNRC: statistical data and market opinions.