PPF Life Insurance announces its results for Q1 2014
PPF Life Insurance’s GWP for the first quarter of 2014 from long-term savings and pension products amounted to RUB 643 million, up by 35.9% compared with the first quarter of 2013. The amount of claim settlement paid to clients in the same period grew 34% to RUB 227 million.
Sergey Perelygin, Director General, PPF Life Insurance, commented: “We are satisfied with the results of our company’s operations in the first quarter. We succeeded in performing our assignments thanks to the good work done by the network of agents, which consists of approximately eighty agencies as of today, and also thanks to the focused and productive work of our entire team. We continued our dynamic expansion into regions as part of our approved long-term strategy, since the development of the agents´ network enables the company to increase the stability and reliability of its business as well as improving profitability from the long-term perspective.
At the same time, we plan to continue launching new insurance products, promoting cooperation with brokers, and improving customer service – we launched the Personal Insurance Office service on the company’s website in April, and approximately 6,500 people have used it to date.”