Russian insurers set 4 key targets for ARIA in 2018

Representatives of insurers, members of All Russian Insurance Association, determined 4 key tasks for 2018: development of MTPL, life insurance, medical insurance, as well as improvement of legislation for home insurance against emergency cases, - said President of ARIA and RAMI, Igor YURGENS.

Besides insurers expect from ARIA further liberalization of MTPL, especially tariffs (at the moment Russian Ministry of Finance has proposed a law on MTPL amendment as a basis of liberalization).

According to Igor YURGENS Russian insurance market is still suffering from insurance fraud, first of all in MTPL class.

Another priority is development of conditions for improvement of life insurance in Russia (this class shows GWP growth at the level of 50% per year).

Forth priority is related to medical insurance improvement, especially compulsory subclass, and usage of risk insurance principles.

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