RUSSIA: Victor DUBROVIN appointed as acting general director of SBERBANK Life insurance

4 October 2018 —
Victor DUBROVIN was appointed as the acting general director of SBERBANK Life insurance. Alexey RUDENKO, previous general director, left the position due to transfer to another job, stated the insurer's press service.

Victor DUBROVIN has been working for SBERBANK Life insurance since 2014 as deputy general director. He is responsible for GR, optimization of business processes, management of administrative expenses, organization and the regulation of administrative support in the company. Before, he worked in leading positions at Allianz ROSNO Life, ROSGOSSTRAKH, and OTKRYTIE Insurance.

Alexey RUDENKO had been the general director of SBERBANK Life insurance from March 2017. "Alexey faced the tasks of building the main business processes related to operating activities, as well as creating product lines, that could provide the company with dynamic profitable growth. All those tasks were successfully accomplished. Victor DUBROVIN is an experienced manager, with more than 13 years working in the insurance industry, and in the top management of SBERBANK Life insurance - more than four years. I'm sure that under his leadership the company will continue its stable development," said senior vice-president of SBERBANK, Alexander BONDARENKO.

SBERBANK Life insurance is a subsidiary of SBERBANK Russia, working in risk, universal, and investment life insurance. The leader in the Russian life market and second biggest insurer in general insurance for the Russian market. Based on 1H2018 results, the market share of SBERBANK Life insurance exceeded 36%. The GWP increased by 83% y-o-y and net profit went up by 54%. The national rating was established by "Expert RA" as ruAAA.