OREANDA-NEWS. Rosbank OJSC Commercial Bank included Ingosstrakh Life Insurance Company in the list of insurance companies accredited to conduct operations of risk insurance for borrowers who are natural persons under standard retail loan programs.

Promotion of insurance services through one of the largest Russian retail banks will give Ingosstrakh Life opportunities for significant growth of bancassurance segment of the business.

According to Vladimir Chernikov, the General Director of Ingosstrakh Life, bancassurance segment in Russia is highly competitive, and it also remains the main driver of growth in personal insurance market. Cooperation with Rosbank, a customer-oriented, high-tech financial company present throughout the territory of Russia, is very important for Ingosstrakh Life, and it also is an acknowledgement of the high quality of insurance services provided by the company.

ROSBANK OJSC is a modern universal bank, part of Societe Generale Group. It provides all types of services to individual and corporate customers. The subsidiaries of Rosbank are Rusfinance (consumer financing) and DeltaCredit (mortgage lending). In terms of assets and equity, Rosbank ranks as one of Russia's Top-10 leading banks.

Ingosstrakh Life Insurance Company LLC is a member of INGO Group. It is focused on long-term life insurance, pension insurance and accident and sickness insurance. The company was separated from Ingosstrakh Insurance Company in 2003 pursuant to the legal requirements to segregate companies dealing with life insurance and insurance other than life insurance.