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WELBI (registered trade mark for BLAGOSOSTOYANIE Group of insurance companies with license S # 3991 77 for life insurance and license S # 1207 77 for general insurance) has been selected by AIG as an exclusive partner in Russia in the area of Accident and Health insurance and Travel insurance.

AIG has selected WELBI as a partner based upon WELBI’s reliability and high level of service quality.

In the framework of this partnership WELBI will offer:

• insurance terms and conditions that are comparable with AIG requirements; and
• policy administration and claims handling services that are performed in accordance with the best international practices.

WELBI was set up in Russia in 2005 by Aviva plc (the largest insurer in the UK) and was subsequently sold to BLAGOSOSTOYANIE Pension Fund in 2013, the second largest pension fund in Russia. WELBI is a leading local insurer offering personal accident and sickness insurance to corporates and banks, with strong international corporate clientele represented by 100+ names, 600+ group contracts and 150,000+ lives insured, and with bancassurance partnerships with 20+ banks insuring 3+ million customers.

AIG (American International Group, Inc.) is a leading international insurance organization serving customers in more than 100 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States.