Around 100 Russian insurance companies are at high risk of collapse and are in danger of being…
Topic: Pensions & Insurance
Pensions, insurance and financial services in Russia, Azerbaijan, Kazakhstan, and Central Asia
SWIFT and Lloyd’s welcome back Iran
Iranian banks and their foreign branches will be able to reconnect to the SWIFT international payment system following…
Russian pension funds to boost innovation
Russian pension funds: Russian Prime Minister Dmitry Medvedev has instructed a range of government agencies to…
Askania Trust Industrial and Shipwright lose licences
Askania Trust Industrial and Shipwright: The Central Bank of Russia has revoked Askania Trust‘s banking licence as part of…
Russian life expectancy creeping up to European standards
Russian life expectancy is set to hit 74 by 2018 to put in on par with…
Russian voluntary pension scheme under active discussion
Russian voluntary pension scheme. The Russian government is “actively discussing” the possibility of introducing voluntary pension…
Russian private pension contributions frozen again
Russian private pension contributions: In the face of fierce criticism from both officials and analysts, the Russian government…
Big guns line up for guaranteed retirement savings scheme
Guaranteed retirement savings scheme: Three non-state pension funds have applied to the Central Bank of Russia to participate…
Zurich Group pulls out of Russian retail insurance
The Zurich Group has decided to sell its Russian retail insurance arm to the Olma Investment Group for…
Azerbaijan insurance market opened to competition
The Azerbaijan insurance market is to be completely opened up to foreign competition by 2017. Amendments to…
National Welfare Fund to be invested in infrastructure
Up to 60% of the National Welfare Fund (NWF) is likely to be invested in infrastructure projects,…
Russian pension funds may be invested in infastructure
Russian pension funds: Russia’s Finance Ministry wants to invest some of the country’s estimated RUB2.5tr pension pot in the development of…
Russian life insurance market to grow by 17%
The Uralsib financial corporation is predicting that the Russian life insurance market will grow by 17%…
Banks to manage Kazakhstan Single Pension Fund
The Governor of the Central Bank Kairat Kalemebetov indicated today that the country’s banks would be eligible…
IIC moves to comply with Azerbaijan insurance reforms
Azerbaijan insurance reforms: Azerbaijan’s International Insurance Company (IIC) is to apply for a licence to undertake reinsurance…
Central Bank Governor to run Kazakhstan Single Pension Fund
The Kazakhstan Single Pension Fund has been put into the hands of Kairat Kelimbetov, Governor of…