RUSSIA: SberStrakhovanie Life celebrates 9 years on the market

15 September 2021 — Marina MAGNAVAL
On September 7, 2021, SberStrakhovanie Life celebrated 9 years on the market. During this time, 26 million clients have used the company's insurance programs and concluded almost 55 million contracts, according to the insurer's press-release.

Most of the contracts concluded over 9 years are for voluntary life insurance of borrowers. In 56% of cases, women conclude insurance contracts with SberStrakhovanie Life, and every third policyholder is under 40 years of age. Almost 40% of contracts were concluded by clients aged 40-60.

SberStrakhovanie Life has been on the market since 2012. The company's first product was voluntary life insurance of borrowers. At the end of 2014, the company took a leading position in the life insurance market in terms of the GWP volume and has been holding the leadership for seven years in a row.

Sberbank Life Insurance (SberStrakhovanie Life) is a subsidiary of Sberbank, and is providing risk, accumulative and investment life insurance programs. The company is the leader of the Russian life insurance market, has a rating class according to the RAEX scale (Expert RA) - at ruAAA.

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