Insurers withdraw from the market

Under the new rules, the authorized capital of insurance companies should be increased. Insurers are not happy, because the insurance market could fall by 30-40%. That makes such forecasts head Rosstrakhnadzor Alexander Koval. In his view, the market will have to leave those insurers who are not able to increase its capital to the desired level. As early as July 1, 2012 the minimum charter capital of the company which is engaged in general insurance, should be 120 million rubles. But it's not just about the share capital must also be increased to 240 million rubles. capital of life insurers and reinsurers (up to 480 mln.). Koval sure that now the new capitalization requirements does not meet the 59% of companies. In this case, when an amendment to increase the capital by insurers will be adopted, such companies may already be 65-67%. It is worth noting that 90% do not agree with the new requirements. The state, however, it seems, seriously decided to take up the reduction of the insurance market. Already, the conditions of market entry of new companies strongly tightened: in 2010, FSIS issued a license of the two new companies, as much - in 2009, insurers who are not able to raise capital, officials offer only one option: to seek buyers abroad and Russia, as well as to take risks and unite the business community to enhance market presence.