Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
PPF Life Insurance has been one of the Russian market's most active and stable life insurance service providers for 18 years.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedPPF 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. 22.11.2024: The entry about the founder PUBLIC LIMITED LIABILITY COMPANY "PPF GROUP N.V." has been removed from the Unified State Register of Legal Entities. INVEASTA INVESTMENT IN COMMERCIAL ENTERPRISES AND MANAGEMENT LLC (from the UAE) becomes the new founder of the organization PPF LIFE INSURANCE LLC.