Andrey Burmistrov has been appointed as Risk Director of Sberbank Life Insurance IC. His responsibilities will include management of credit, market, interest rate and operational risks in accordance with the applicable regulatory and corporate standards, automation of the risk monitoring and mitigation system, the insurance company informed.
Andrey Burmistrov graduated from the Government of Russia's Financial University with a degree in banking. He started his career at the Bank of Russia in 1994.
IC Sberbank Insurance LLC is a subsidiary company of Sberbank of Russia specializing in property and personal insurance (except for life insurance). The company is operating as part of Sberbank's Wealth Management business. In 2020, the company earned RUB 107 billion in in insurance premiums (according to industry accounting standards). As of December 31, 2020, the company's assets amounted to RUB 551.9 billion, insurance reserves totaled RUB 484.4 billion. The company is rated 'ruAAA' by RAEX ("Expert RA").
