A profitable and focused cooperation in the life insurance sector with Citibank Russia. As the majority shareholder of CiV Life, HDI International AG concentrates the activities of the Retail International division within the Talanx Group.
Logo CiV Life
The company CiV Life – OOO Strakhovaya Kompaniya CiV Life (insurance company CiV Life Ltd.) – is a subsidiary of HDI International AG, which concentrates the activities of the Retail International division within the Talanx Group.
With the establishment of the insurer CiV Life in Russia in April 2007 as a joint venture between Talanx AG and TARGO Lebensversicherung, the Talanx bancassurance concept was for the first time extended to Russia.
In Citibank, Talanx found a suitable cooperation partner that has already been operating on the Russian market for 17 years and since 2002 has also been gathering valuable experience in the retail banking sector. All CiV Life insurance products are sold – in accordance with the Talanx bancassurance approach – through the distribution channels of the cooperation partner Citibank Russia. This includes, inter alia, around 20 branches in eight major cities. The network also consists of mobile consulting units and telesales centers. Since the business launch CiV Life's product range has encompassed life insurance, accident insurance and residual debt products for personal loans and credit cards.
CiV Life ranks among the most stable and profitable insurance companies on the Russian life market and top 10 life insurance companies in 2009-2017.
Link to the English website of CiV Life