to mortgages and consumer loans, and we want to apply a similar approach to bank card insurance. We have identifi bad practices when the policy covers less than the bank is requir by law to in russia’s second most populous city compensate anyway. In order to prevent such situations, we have prepar a draft regulation and discuss it with the market.
Another important area is, of course, regulation of MTPL. There are many questions about it, including whether the insurance coverage under the policy meets today’s realities or not, especially against the backdrop of the situation with spare parts and repair times.
As for the prospects, this is the development
of insurance that will work as an investment, primarily life insurance. Here we are trying, on the one hand, to create conditions so that insurers would be interest in offering it, and on the other hand, so that consumer expectations correspond to the content of the product. And not like it was when selling investment life insurance, when the policy was present as a profitable product, but the yield did not meet expectations.
— Will you change approaches to regulating insurers so that they participate in the transformation of the economy? Through what mechanisms?
Here we are talking about the possibility of freeing
up capital, even if it is not directly relat to the transformation. We want to move to a more accurate measurement of insurance risk and the risk of early termination and changes to contracts. Now we leverage data in sms marketing campaigns for better results have a feeling that we are over-compressing capital requirements in this area — uniform stress factors are appli to all companies, regardless of the types of insurance that the insurer deals with and its conditions. At the same time, the level of risk for corporate insuranc america email and retail may differ significantly. The requirements can be balanc through a more accurate risk assessment depending on the types of insurance.
