Russian Insurance Industry is Governed by the Financial Market Access Department of the Bank of Russia

Date: 2015-10-13

“• The Russian insurance industry is governed by the Financial Market Access Department of the Bank of Russia.

• Foreign direct investment (FDI) is limited to 49% for operation in life and certain other classes of insurance. However, there is no fixed limit for FDI in Russia.

• Composite insurance is prohibited in the Russian insurance industry.

• Non-admitted insurance is not permitted in the country, with a few exceptions.

• Key classes of compulsory insurance include motor third-party liability, and aviation liability.”

Categories

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample