Wednesday, June 1, 2011

Insurance reboot

The insurance market can expect significant changes. Back in late August, the president said that the domestic insurance system does not meet international standards and required to prepare a draft report on the changes necessary to develop the insurance market. On the eve of the Finance Ministry has sent a document to the President, writes Kommersant. Thus, the department proposes to increase the value of life insurance to 2 million rubles. For comparison, in Europe the limit defined in payment within 1 million euros to each victim in the accident and EUR 5 million per accident, and in some countries and not limited. This will help compensate for the damage, it does not lead to sharp jumps in rates, according to the Ministry of Finance. But those who have signed similar contracts for more than 5 years, and all can count on the tax benefits. Another suggestion - introduce the institution of pre-dispute resolution by the massive and socially important types of insurance. As for the insurers themselves, then according to the president of All-Russian Insurance Association (ARIA), Andrew Kigima, the Company expects the adoption of the law on insurance against fire. Now, "it is necessary to request the State to make a single register of real estate notes that are insured if housing citizen or not. A case of insured accident victim can expect to be compensated, even if it exceeds the sum of voluntary insurance. In addition, the Duma did another bill on the agricultural insurance with state support. " Such insurance would be voluntary, but with a but. Those farms that do not insure, is unlikely to be able to count on support from the state. It is known that the authorities intend to finance 50% of the cost of the policy, however, help will come only when crop insurance from the "total loss".

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