Hope insurers for possible delay of entry into force of paragraph 13 of the law on insurance business relating to reinsurance, did not materialize. Ministry of Finance published on the website black list of companies that are not allowed to engage in reinsurance "survival" and property risks. It 816 insurers. Cumulative long-term insurance life insurance in developed countries is seen as a way to save money and accumulate a certain amount by a certain time (for the wedding, at school, for building houses, buying cars, etc.) …
After the publication of the final version of the law "On organization of insurance business in Russia," it became clear that insurers have lost sight of a curious detail: the separation of life insurance and other types of insurance deferred until July 1, 2007, and a similar division in the reinsurance needs to happen now, at the time of entry into force of the law, on January 17.
Part of the insurer believes that the final text of the law when you make numerous changes and additions crept just an unfortunate mistake: the point of reinsurance allegedly have simply forgotten to put down the date. On this basis, the market is waiting for Strahnadzora loyalty to his players: most insurance companies were confident that regulators will not tighten the nuts right now. And miscalculated. Learn more about hot tub prices.
On Monday Strahnadzor published on the website of the Ministry of Finance a list of insurance companies, who are forbidden to enter into contracts of reinsurance, providing reinsurance of risk "survival" and the adoption of the reinsurance of property insurance. The black list includes almost all of Russia's insurers (in the list of companies Strahnadzora 816), since most companies are still trying to keep in its portfolio a complete package of services, including various types of life insurance. The strange thing that a ban on re-insurance are applied even to those companies who have never worked on the "life", but simply had a license for this type of insurance – just in case.
Following the publication of the Ministry of Finance blacklist it turns out that actually the reinsurance market "survival" and property markets were either specialized reinsurance companies that do not have a license for "life" (usually a subsidiary company, containing the name the name of the prefix "D"), or large holdings that already provide life insurance as a separate company (for example, a group of "Alfa Insurance"). The remaining 800 companies are forced to leave at once or with the life insurance market, or with the reinsurance market – who is more important. If the amendment does not come into force this year, then this would not be a dilemma: Insurers who wish to engage in this type of insurance, managed to register their companies to get licenses, and all would be resolved by itself.
Now each company has to address the problem urgently. Some of the insurers agreed to return their licenses for life insurance in the Ministry of Finance (already done so – about a dozen). In particular, the insurance company Roux opted for reinsurance. According to the company Nina Philippi, it is because the company has always specialized in the types of insurance of property and intends to develop them further. In order to protect the interests of insurers willing to take responsibility Roux on existing life insurance until the expiration of their actions in 2004.