Magazine date:
Nov 2007 The local subsidiary of the international agency Standard & Poor's has granted the life insurer SBI Life a “AAA” with stable perspective. Set up in 2001 and controlled at 26% by BNP Parisbas Assurance, SBI Life has a distribution network of 14 500 agencies and 25 000 agents. Its 2006 turnover amounts to 522 million EUR(756 million USD), a 172% increase in comparison with 2005.