OREANDA-NEWS. In order to enhance the level of information sharing within the professional community, the Bank of Russia has held a series of meetings with heads of insurance companies in Moscow, St. Petersburg and Novosibirsk.

The meeting participants discussed topical areas of supervision over insurance companies, including the institute of curatorship, increased control over companies providing socially important types of insurance services, and a comprehensive approach to the analysis of insurance business with the involvement of various Bank of Russia divisions.

Special attention was given to the verification of the existence of sufficient assets on insurers' balance sheets, which has been the main area of the Bank of Russia's supervisory efforts starting 2014.

While discussing the regulation of insurance activities, the participants in the meetings spoke about amendments to the legislation on compulsory motor third-party liability insurance (OSAGO), development of electronic insurance services, creation of bureaus of insurance histories and the so-called market 'entry ticket'. In addition, the Bank of Russia presented to the market players planned innovations in the sphere of requirements for asset investment and capital calculation, including by setting restrictions on the scope of risk assumed in various types of insurance.