OREANDA-NEWS. June 05, 2008. Mr. Sergey Abalakin, previously heading the Motor Insurance Department of OJSC ROSNO (Moscow), has been appointed to position of operating director of the insurance company Allianz. His new duties will include control over all of the company’s operating processes, such as loss settlement, processing of insurance documents, and IT, reported the press-centre of ROSNO.

Mr. Sergey Abalakin was born in 1972 in Norilsk, Krasnoyarsky Kraj, Russia. In 1995 he completed his first higher education, graduating from the Donbass Mining and Metallurgical Institute in Alchevsk with major in Industrial Process Automation. In 1996, he graduated as economist from the International Marketing and Management Academy in Moscow. In 2000, he graduated from the Moscow Financial Academy by the RF Government, where he majored in "Finance and Credit", specialization "Insurance".

The insurance career of Mr. Abalakin began in IC Interros-Soglasie (Moscow), where, in 1996 to 2001, he was developing the projects related to accumulative life insurance, negotiations and conclusion of contracts, as well as expansion of the company’s regional network. In November 2001, Sergey was appointed to the position of senior specialist in the motor insurance department of the insurance company "Soglasie" (Moscow), where he worked till May 2003, ending his career in this company in the position of advisor to the OMTPL Directorate.

From May 2003 to May 2008, Mr. Abalakin worked in ROSNO’s Moscow headquarters, starting from OMTPL department specialist and finally being promoted to Director of the Motor Insurance Department in the Moscow Regional Directorate. The duties of Mr. Abalakin included administration and development of the OMTPL business, as well as loss settlement under OMTPL and MOD insurance contracts.

"Appointment of Mr. Sergey Abalakin to the position of Allianz’s operating director in the Ukraine expressly demonstrates the support of our shareholder. Sergey is a unique professional. During his ROSNO career, he gained immense management expertise and a wide range of managerial skills, including those in loss settlement in the motor insurance sector. Moreover, he’s got practical experience in performance standards and requirements of Allianz to business processes and customer service quality. I am positive that such a strengthening of our management team will draw the company to a fundamentally new performance level, multiplying Allianz’s competitive advantages in the Ukrainian market", commented the appointment Mr. Joachim Wessling, CEO of IC Allianz.