Increased regulations in Russia have taken off the market several reinsurance companies
 Increased regulations in the insurance industry in Russia have led many companies to cease trading, explained Olga SIGALOVICH, General Director, EASTERN Re, for Intelligent Insurer. "New capitalisation requirements for reinsurers have meant that the market has declined sharply, as companies without enough capital to meet the new legislative requirements have left the market", stated Olga SIGALOVICH.
Among the attributes of EASTERN Re, according to the General Director of the company, are the personal approach and tailored solutions to suit each customer.
"However, the reinsurers who remain will continue to develop on international markets. From our perspective, we have recognized a high demand for Russian reinsurance, as we offer quality protection for an adequate price", added Olga SIGALOVICH.
Author: Mihai CRACEA
on 26.10.2011
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