Instructions were issued to the Government and the Central Bank with a view to creating an effective insurance market model that would ensure comprehensive development of both mandatory and voluntary insurance segments. Specifically, the instructions deal with devising unified approaches to further streamlining operations in the insurance industry; promoting voluntary insurance mechanisms for individuals and legal entities; creating a single database of valid property insurance contracts against technology-related and natural disasters held by individual and corporate customers and linked with the single registry of real estate and mapping information; and with monitoring tariffs in the regions for all types of insurance.
Documents
Instructions following review of implementation of laws and Presidential resolutions regarding development of financial markets in insurance
Vladimir Putin approved a list of instructions following a review of the implementation of federal laws and Presidential resolutions related to developing financial markets in the Russian Federation with a view to improving certain types of insurance.