On April 23, 2018 the President, Vladimir PUTIN signed the law on rehabilitation of insurance companies which puts into effect insurers' rehabilitation procedure from the resources of the Bank of Russia, similar to the rehabilitation of banks.

ARIA applied in writing to the Prime Minister, Dmitry MEDVEDEV, Chairman of the Central Bank, Elvira NABIULLINA, as well as the State Duma, Ministry of economic development and Ministry of Finance, requesting to pay attention to the campaign of Duma members Vyacheslav LYSAKOV and Sergey SHARGUNOV against the foreign reinsurers.

The economic security and anti-corruption department at the Ministry of Internal Affairs started investigation of the dealings of the Russian National Reinsurance Company (RNRC) in relation with its cooperation with three big international reinsurance brokers: WILLIS, MARSH, AON, the local media reads.

Russian agricultural insurance campaign this year may be considered as dead-end road. According to the National AgroInsurers Union, 18 regions out of 36 with high risk of emergency situations are not planning to develop agricultural insurance with state aid in 2018.

PROMINSTRAKH, the current market leader in contractors' liability insurance, may be subject to the financial rehabilitation in the nearest future by the Central Bank.

Bank of Russia revoked the license of RENAISSANCE Insurance Group for voluntary life insurance on April 5, 2018. The decision was taken due to the insurer's voluntary surrender of the licensed insurance activity.

According to the official insurer's report in 2017 net profit of SBERBANK Life Insurance amounted to RUB 13.3 billion (EUR 0.19 billion), which is 47% more than a year before. Total assets jumped by 78% to RUB 228 billion (EUR 3.31 billion).

Russian insurers keep leaving the MTPL segment and another 9 companies are almost ready to do it this year, as estimated by the Russian National Rating agency (NRA).

President of the All-Russian Insurance Association (ARIA) Igor YURGENS may step down from the presidency in the nearest time being replaced by the Executive Vice-President of ARIA Andrey YURIEV - Deputy Chairman of the Management Board of RNRC, Regnum information agency said.

All-Russian Insurance Association (ARIA) and the Central Bank of Russia decided to form a workgroup on development of the proportional control over the insurance market, said Vice-president of ARIA, Ella PLATONOVA.

With an exclusive list of professional speakers, 7 conferences and workshops analyzing current trends and issues on the re/insurance markets, as well as hundreds of bilateral meetings and networking opportunities, FIAR 2018 represents a key event on the business agenda.

Specialists from ICMIF - International Cooperative Mutual Insurance Federation and PensionsEurope, representatives of national insurance associations from Austria and Turkey, as well as professionals representing SWISS Re, GEN Re and AUDATEX are just a few of the speakers who have already confirmed their presence at FIAR 2018 - The International Insurance-Reinsurance Forum.

Insurance professionals from all over Europe gathered on Tuesday, 17 April, in Zagreb, Croatia, at the "Challenges and Practice of Insurance Supervision in South East Europe" conference. The event represents a unique forum for an open dialogue between insurance companies and insurance supervisory authorities of the SEE region.

In 2017, life insurance was the market driver for the Russian insurance market, mainly due to investment life insurance

The XXII International Reinsurance Conference has started today in Moscow, organized by Delovoy Format, with the support of the Russian Insurers Association. XPRIMM, the traditional Media Partner of the conference, has launched on the occasion the latest edition of its Insurance Profile Russia, providing for 2017 insurance statistical data.

The "IIF 2018 - PROPERTY INSURANCE - the NatCat challenge and beyond", taking place on Friday, 23 March, in Prague, bought into debate the NatCat insurance gap, but also the newly developed aspects of the manmade property risks.

The European Consumer Protection Conference, taking place on Thursday, 22 March, in Prague, brought into debate the consumer environment in the current European regulatory and economic landscape, the upcoming legislative changes that will benefit consumers and users of insurance and private pension products, as well as digitalization and the impact of technological advances in the field of financial services.

Insurance professionals from all over Europe gather today, 16 March, in Vienna, to participate at the "IIF 2018 - MOTOR INSURANCE - the innovation challenge" conference.