OREANDA-NEWS Large marketplaces are set to develop the insurance industry. Ozone has plans to launch its own insurance company during the second half of this year. Meanwhile, WildBerries is also considering entry into the market. Experts expect that this will boost profits from financial services. However, experts believe that it might be more profitable for a company to purchase an existing insurance license than to start from scratch. In certain cases, partnerships with existing firms using the white label model can be effective.

According to Ozone's plans, the market will launch an insurance business, with more than 20 professionals recruited at the first stage. The launch of the initial insurance products is slated for the second half of 2024, and Denis Gavrilov will lead the team, having previously served as the head of Rosbank Insurance. Meanwhile, Wild Berry says that the market is also considering launching insurance offerings within the fintech space, but has not provided details.