Bank Russia revoked the license for the implementation of voluntary property insurance company “insurance investment company” and has suspended the licenses of the implementation of the insurance company “Bashkir insurance company” Resonance “, according to the regulator of the site.
The decision to revoke the license of the insurance investment Central Bank explained the “failure to comply with the requirements of financial stability and solvency of the order and conditions of formation of insurance reserves”. In this earlier, on January 14 this year, the company’s license to carry out insurance has been suspended.
The company “Resonance” suspended the implementation of insurance licenses. “The suspension of the license of the subject of insurance business means a ban on the conclusion of insurance and reinsurance contracts, as well as changes that result in an increase in the obligations of the subject of insurance business in the relevant agreements,” – noted in the report
The solutions come in. effect from the date of their publication in the “Bulletin of the Bank of Russia»
. A week ago, the central Bank revoked the license to carry out insurance from insurance “Agros” company “Garant-Invest” and the capital of insurance and reinsurance center. All three solutions regulator explained the “failure to eliminate violations of the due date of the insurance legislation, which were the basis for the suspension of the license.” The Bank of Russia made it clear that the company did not comply with the order and conditions of the investment of their funds, and funds of insurance reserves. IC “Garant-Invest” in addition, did not observe the procedure for the formation of insurance reserves.
In early February, the Director of the Department of the Central Bank of the insurance market, Igor Zhuk reported that the Bank of Russia intends to verify the assets and capital of the 130 insurance companies. He explained that these companies are currently at risk. However, he admitted that by the end of 2016 the Russian insurance market will remain 200 active companies.
In January, 2016 in the Unified State Register of insurance entities were registered 325 companies with a license to conduct insurance operations.
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