Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackPPF Group’s life insurance company in Russia, PPF Life Insurance, was one of the most active and stable providers of innovative products and services in the life insurance segment in 2021. After nearly 20 years of operations, it was among the top three providers in the country by number of long-term life insurance clients and the second largest insurer in terms of the size of its network of agents/financial advisers.
Due to the geopolitical situation during 2022, on December 31, 2021, the Bank significantly reduced its risk to Russia, both by adjusting the limits on counterparties from these countries and by limiting the limits on transactions in rubles.
| November 24, 2023 | PPF Group | PPF LIFE INSURANCE |
| November 24, 2023 | LLC "PPF LIFE INSURANCE" - Moscow - General Director Perelygin S.V. - TIN 7744001803 |