Renaissance Life

LLC SK Renaissance Life is one of the largest insurers providing services for life insurance, accident and illness insurance, pension insurance under license C No. 3972 77 issued by the Federal Insurance Supervision Service on January 17, 2006. The company's services are available in many cities of Russia thanks to a developed branch and agency network.

Performance indicators

2021: Growth in life savings insurance premiums by 46% and credit insurance premiums by 103%

Bonuses for funded life insurance (NSW) "Renaissance Life" in 2021 increased by 46% to 10.9 billion rubles, while the market grew by 14.6%. Thus, the company's share in the NSJ segment increased from 5.5% at the end of 2020 to 7% at the end of 2021.

Renaissance Life's credit life insurance premiums more than doubled (by 103%) to 24.1 billion rubles, with 39% market growth. Thus, the company's share in the segment of credit life insurance increased from 12.2% at the end of 2020 to 17.7% at the end of 2021. Read more here.

History

2024: Renaissance Insurance bought the insurer from Raiffeisen Bank and Austrian Uniqa

On October 4, 2024, the Renaissance Insurance Group closed the deal to buy the Raiffeisen Life insurance company from Raiffeisen Bank and Austrian Uniqa. Thus, Uniqa finally leaves Russia, which is due to the formed geopolitical situation. The parties agreed not to disclose the value of the asset. Read more here

2023: Renaissance Life buys 75% of Raiffeisen Life insurance company

Renaissance Life buys 75% of Raiffeisen Life insurance company from the Austrian group Uniqa, which the latter announced on August 24, 2023 as part of the publication of its financial statements for the first half of the year. Its participants did not disclose the financial and other parameters of the transaction. Read more here.

2022: TAdviser interview with project manager Nikolai Chekin

One of the leading players in the Russian life insurance market, Renaissance Life, has successfully implemented the first stage of the transition to a new CRM system. Project manager Nikolai Chekin spoke about the implementation in March 2022 in an interview with TAdviser. Read more here.