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Or affiliated firms of large insurers. In particular, Ingosstrah has declared about
Readiness to get the action of the companies experiencing complexities with increase
Authorised capital stock and to transform them to the branches or affiliated companies.
Consolidation of the insurance market goes mainly at the expense of absorption
The Moscow companies of small regional insurers. Formation
By merge of the companies of the new legal person, becomes, probably, more
Rare variant as it will cause of reception of the new
Licences, and, hence, time losses in development.
Rates of re-structuring of the Russian insurance market are estimated
Experts ambiguously. Under the operative information, about 270 insurance
The organisations have submitted to Department of insurance supervision till August, 1998
Offers on increase in the authorised capital stocks though to make it in
Conditions of financial crisis it will be difficult enough. By some estimations,
By January, 1st, 1999 satisfy to new conditions of the law can nearby 400-500
The companies (their share in the cumulative insurance award and insurance payments
Comes nearer to 97-99 %).
It is possible to predict role increase in the insurance market of system
Rosgosstrakh, including its regional firms, especially in granting
Insurance services to the population. Financial crisis promoted trust loss
The population to private financial institutions and reorientation to the organisations with
The state participation. Most distinctly it was showed in the bank
To system. The Rosgosstrakh will aspire to use this situation in the
In December 1998it. The State Duma has approved in the first reading the project of the federal
The law "About creation of open joint-stock company" State fear of Russia "and features
Orders its actions which are in the federal property ".
The bill assumes education of open joint-stock company "State fear of Russia" by a way
Merges of joint-stock company "Rosgosstrakh" and its branches in the uniform legal body. It
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