Toughening Regulatory Requirements Will Change the Insurance Market

Ekaterina A. Pospelova – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The Central Bank intends to amend the assessment of the financial stability of insurance companies and impose restrictions on investment from mid-2021. New requirements to quality of assets and diversification of investment tools can potentially lead to the increase the state-owned insurance companies on finance market, reduce competition, and the savings assets of insurance companies in state debt.

Key words: insurance companies, insurance market, nationalization, investment, long-term investments, institutional investors, prudential rules.