OREANDA-NEWS. July 16, 2008. The insurance company Allianz ROSNO Life has formed a Far Eastern Regional Directorate with the centre in the city of Vladivostok. Previously, the company’s representation in the Far Eastern region was its agency in Yakutsk, reported the press-centre of ROSNO.

The business expansion in the Far East corresponds to the company’s strategic objectives, such as growing the agent network and customer base, as well as attaining leadership in Russia’s top-priority regions.

Located in Vladivostok at the address: offices 300 and 301, 3rd floor, 5 Ostryakova Avenue, the new office of Allianz ROSNO Life offers the entire range of the company’s insurance programs: accumulative ("Stil Zhizni"), pension-saving ("Dolgoletie"), child-benefit ("Podarok Rebenku"), and fixed-term life insurance ("Azbuka Zaschity"). The corporate clients are offered insurance coverage for the company’s key managers, as well as pension insurance.

The Far Eastern Regional Directorate and the Vladivostok agency will be headed by Mr. Maxim Bulbachev, who will conduct general management of the Directorate, implement the company’s strategy, and promote the existing insurance products of Allianz ROSNO Life in the region. Mr. Maxim Bulbachev has worked in the insurance sector since 2003, starting from the agent’s position in Moscow.

In 2005, Mr. Bulbachev was admitted to the unit manager position in the insurance company Allianz ROSNO Life. In two years, he grew to the position of the agency director. In October 2007, he was promoted to the position of the head of the Regional Directorate. In 2008, he accepted the proposal to develop the company’s business in the Far East, one of the most promising Russian regions.

"The economic potential, population income and the well-developed insurance market of the Far Eastern region make it one of the top-priority regions within the framework of the regional development strategy pursued by Allianz ROSNO Life. The successful sales of long-term life insurance policies in Yakutsk confirm our opinion that this region has already formed its demand for the long-term life insurance products", reckons Mr. Maxim Chernin, CEO of Allianz ROSNO Life. "We are certain that the Allianz methods and technologies that we use, which have proved effective around the globe, will enable us to attain leadership in the Far East".