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Today consumer crediting in Russia experiences significant growth and affects insurance of banking risks linked to these operations. What, in your opinion, prospects of further bankassurance development in Russia?
In the middle of November 2006, Russia and the USA have signed the agreement stipulating nine-year transition period after which foreign insurance companies can open direct branches in Russia. Will national insurers be able to compete with foreigners?
In the framework of achieved arrangements on Russia’s accession to the WTO, foreign insurers’ branches cannot be engaged in compulsory insurance, except for compulsory motor TPL. Will foreign companies be interested in the Russian CMTPL insurance market taking into account the existing profitability of this class?
What is the essential condition necessary to start active development of unit-linked life insurance market in Russia? What should the State do at the macro level to stimulate growth of life insurance, what problems solve?
When in January 2004 Compulsory Motor Third Party Liability (CMTPL) became obligatory it caused a major shake up and as a result the insurance industry started to review the systems and procedures that had been in place in companies for a number of years. The ongoing debate on self regulation of the industry will also have put pressure of insurers to review their activities.
The problem of future competition with branches of foreign companies is the one of the most crucial for Russian insurance community. Can we support or rebut the popular opinion that Russian insurance market is the ‘coin for change’ in the WTO negotiations; that at the cost of insurance market Russia will solve other problems in the process of negotiations?
Judging from the numerous public statements of insurers, today, their attention is captured by two matters – mergers and acquisitions (M&A) and initial public offering (IPO). Which ways of capital and business scales expansion will ROSNO use in short and medium-term perspectives?
What are the main development trends in the Russian marine insurance market and what are the roles of the largest operators?