VTB Insurance is paying a priority attention to accumulative and investment life insurance within the framework of the development strategy. Sales of new insurance products are scheduled in the second half of 2014.
VTB Life Insurance became a one more element of VTB Insurance Group. VTB Medical Insurance appeared on the market late in April (earlier known as Solidarnost Dlya Zhizni (Sovita), the provider of compulsory and voluntary health insurance). The largest reinsurer Moscow Re affiliated with the Group continues operations under its brand.
Life Insurance is a promising and red-hot insurance segment. Entry into the said market is an important element of the long-term development strategy of VTB Insurance. "We have all chances to take a leading position in this market segment owing to the acquisition of MSK-Life that has a long-term track record in this area," General Director of VTB Insurance Gennady Galperin said.
VTB Life Insurance is a member of VTB Insurance Group and is also affiliated with the largest international financial group VTB. VTB Life Insurance was formed after VTB Insurance had taken over MSK-Life insurance company successfully operating on the market since 2005. The company joined ranks of 15 life insurance market leaders in Russia at 2013 year-end.