OREANDA-NEWS. The revenue of Sberbank Insurance Broker LLC grew faster than expected in 2015 and amounted to more than RUB 280 mln. Net profit totalled more than RUB 100 mln, beating the company's profit target by more than fourfold. This was announced at a press conference by Alexander Gazizov, General Director of Sberbank Insurance Broker and member of the company's Board of Directors.

In 2015, more than 30,000 deals were completed with the participation of Sberbank Insurance Broker LLC: property, liabilities, personal interests, etc. were insured for around 10,000 corporate clients. The insurance market received more than RUB 4.5 tln of insured liability through the company's brokerage.

In December 2015, Expert RA ratings agency gave Sberbank Insurance Broker an A+ credit rating.

"In 2015 our company was formed and our team was put together. We have proved that we are capable of delivering the results that we set our sights on. What's important now is to keep on working, consolidate our position, and at the very least, go on to double what we achieved last year," said Mr Gazizov, commenting on the brokerage's work.

Under the 2018 strategy, the company plans to reach a 20% share of the insurance brokerage market, increase the number of clients to 25,000 legal entities, and up the share of cross sales to 50%. Another priority of the company is increasing its nationwide presence.

Sberbank Insurance Broker LLC is a subsidiary company of Sberbank, which holds a 100% stake in its charter capital. Sberbank Insurance Broker carries out comprehensive analysis of risks and provides clients with beneficial conditions for insuring property, risks during the performance of construction and repair work, civil liability, cargo shipments, and other types of risks. Licence of the Bank of Russia for carrying out insurance broker intermediary activities dated September 26, 2014. Registration number 4330.