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AEB held a round table “Branches of foreign insurance companies in Russia: in search of a balanced approach to regulation”

13.11.2018

On 12 November 2018, the AIDA Insurance Legislation Working Group (AIDA Russian Chapter) within the AEB Insurance and Pensions Committee held a roundtable titled “Branches of foreign insurance companies in Russia: in search of a balanced approach to regulation”.


The event was opened and moderated by Capitolina Tourbina, Chairperson of AIDA Insurance Legislation Working Group (AIDA Russian Chapter) / General Reinsurance AG. Ruslan Kokarev, COO, AEB, delivered welcome remarks.

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The event gave the audience an update on the draft law on WTO and branches of insurance (reinsurance) companies. The participants discussed the following aspects: 
conceptual approaches to regulating activities of branches of foreign insurers; 
international experience of organizing activities of international insurers by opening branches in foreign markets; 
EU rules on opening branches of foreign insurers/reinsurers; 
financial sustainability of operations of foreign insurers when opening branches; 
approaches to regulating investment of capital and reserves by branches of foreign insurers in Russia, etc.

The participants raised numerous questions, suggestions and concerns with regard to the draft law on WTO and branches of insurance (reinsurance) companies.

The presentations are available for downloading.


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