RUSSIA: Nikolay KLEKOVKIN stepped down from the presidency of Allianz in Russia

On February 19, 2019, Phillip GRONEMEYER was appointed General Director of Allianz in Russia, and Svetlana AMSHANNIKOVA became the new General Director of Allianz Life. Previously both posts were held by Nikolay KLEKOVKIN, according to a press release of the Group.

GRONEMEYER has been working for Allianz Group since 2004. He held various posts in the Asia-Pacific region and in Munich. In 2016 he was appointed Director of the Allianz Underwriting business in Russia. Svetlana AMSHANNIKOVA has been working for Allianz Group since 2016. In 2018 she was appointed Chief Operating Office within the Board of Allianz Russia.

Allianz Group entered the Russian market in 1990. In 2001 Allianz acquired a 45.47% stake in ROSNO, and in 2007 became its main shareholder. Also in 2007, Allianz completed the acquisition of 100% of the Russian insurance company Progress-Garant, and in 2011 Allianz decided to merge its three Russian companies. In April 2012, the merged company Alliance began to operate on the local market. As of now, Allianz Group in Russia includes Alliance (non-life insurance), Alliance Life (life insurance), Medical Express and Progress-Med (medical insurance).

However, according to the Bank of Russia, since 2013 the Group's companies have shown different dynamics. For example, Alliance's premiums from 2013 to 2018 have shifted from 8th place (2013) to 50th place (3Q2018). The premiums of Alliance Life, on the contrary, went up from 36th place (in 2013) to 22nd place (3Q2018), but the development of the life insurer hasn't been stable over those years.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

RUSSIA: Motor Hull GWP increased by 3.8% y-o-y in 2018

Motor Hull GWP increased by 3.8% (from RUB 162.5 billion to RUB 168.7 billion) in 2018, while paid claims remained at almost the same level (RUB 83.2 billion vs RUB 83.3 billion a year ago), as regulator's data show.


RUSSIA: Life GWP went up by almost 33% in 2018

Life GWP in 2018, according to preliminary data, increased by 32.8% to RUB 478 billion, and paid claims in the sector went up to RUB 73.4 billion (+37.5%), Igor YURGENS, the President of the All-Russian Insurance Association (ARIA) announced.



GENERALI Group results for year 2018

In 2018, GENERALI Group operating result reached EUR 4,857 million (+3.0%), with a net profit of EUR 2,309 mil. (+9.4%). The total gross written premiums (GWP) of the Group amounted EUR 66,691 mil. (+4.9%).


MetLife announced leadership changes as part of CEO transition

MetLife announced a series of changes to its senior leadership ranks in connection with its CEO transition, all of which are effective May 1, 2019. In January 2019, the BoD announced that Michel KHALAF, President, U.S. Business and EMEA, will become MetLife's President, CEO and Member of the Board effective May 1, replacing Steven KANDARIAN, who is retiring.


HANNOVER RE launches an insurtech innovation platform

Germany-based Hannover Re launched a platform designed to bring the insurance companies and insurtech innovators closer. Through the "hr | equarium" platform, Hannover Re wants to facilitate the connection between supply and the demand for insurtech solutions, taking advantage of its worldwide spread.



Conclusions: TBILISI - the first Georgian International Insurance Conference

Today takes place in Tbilisi the first Georgian International Insurance Conference, an event that will put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system is the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.


Motor insurance - becoming more financially efficient and consumer friendly

Under the strong pressure put by the technological evolution, the motor insurance business is rapidly changing, both in operational terms and, most visible, in the way insurers are interacting with their customers. Step by step, the insurers' relationship with customers evolves from simply indemnifying insureds for the losses suffered because of road incidents, to helping them prevent incidents and rapidly recover after the accidents that couldn't be avoided.


See all