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Strategies for Global Growth – Insights from Leading Insurance Executives

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Sergey Sarkisov graduated in economics from Moscow State Institute of International Relations (MGIMO). After graduating with Ph.D. in economics from Financial University under the Government of the Russian Federation worked for 4 years in Latin America (in Cuba, Panama and Nicaragua) as the Director of Representative office of INGOSSTRAKH - Chief Agency of Foreign Insurance of the USSR, which was founded in 1947. In 1972 INGOSSTRAKH transformed to the stock company (100% government shares) and in 1992 it went private.

In 1991 he founded one of the most successfully growing company on the Russian market, its rating is "ВВ+/ruAA+" by Standart & Poor's (2011).

Mr Sarkisov has more then 30 years experience in the insurance industry, he is frequent speaker on various insurance issues including: general insurance, regulatory issues across CIS, reserving, risk management, catastrophe exposure management and catastrophic linked securities, enterprise risk management, M&A, solvency and asset management.

From 1991 till present time Mr Sarkisov is Chairman of the Board of Directors of IJSC ‘RESO-Garantia” and RESO Group, Russia. Insurance company “‘RESO-Garantia”” is one of the major insurance companies in Russia (Top-5), has more then 20 000 agents through out the country and more then 9 millions of clients.

RESO Group is diversified holding carrying out activities in insurance, pension system, medical sphere, leasing, development.

RESO Holding expanded its insurance influence in CIS countries, its companies are working in Kazakhstan, Belorussia, Armenia, Ukraine.

Sergey Sarkisov is involved deeply in insurance regulation development in Russia as Vice - President of major insurance association – All-Russian Insurance Association, as a Member of Federal Financial Markets Service and Russian Parliament’ Insurance Expert Council, as a Member of Board of Russian Association of Motor Insurers.

Sergey recently initiated the creation of the UNION of RUSSIAN INSURERS and became the President of EURO ASIAN INSURANCE UNION, which supposed to coordinate activities of the insurance unions in Belarus, Kazakhstan, Russia and Ukraine.

His experience goes beyond Russian profession associations; Mr Sarkisov is also a Member of General Council of Business Russia public association.

Mr Sarkisov is the author of books, devoted to life insurance, insurance law, management, has written more then 50 monographs, articles about insurance regulation and risk management.

He enjoys time with the family (has 5 children), travelling and keeping fit.

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Rio 2012 - Executive Panel: Strategies for Global Growth – Insights from Leading Insurance Executives

Sergey Sarkisov

Chairman of the Board of Directors, Insurance Joint-Stock Company "RESO-Garantia" and RESO Group, Russia

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Strategies for Global Growth – Insights from Leading Insurance Executives

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