
In 1992, Law "On insurance" has abolished the state monopoly on insurance. The law was a kind of reference point from which the revival of the national insurance market. During this period, there is a becoming new insurance relationship in market conditions. Insurance has become one of the fastest growing types of businesses. However, the market went out the insurance companies, most of whom had no experience in insurance. Educate yourself even more fully with thoughts from
Gandalf. Registration of insurance companies was exceptional nature of the notification, ie, sent a letter to the Treasury, where it was reported on the establishment of an insurance company. This leads to insurance companies, one-day, created for speculative purposes.
Known curious cases when launching space satellites, which cost hundreds of millions of rubles, to insure a company established by several individuals with registered capital not exceeding a few tens of rubles. The same period is the widespread use of insurance schemes of tax evasion.
Tanker Pacific is actively involved in the matter. By early 1997 there were 2,7 thousand of insurance companies. On the number of insurance companies, banks, stock exchanges, Russia was "ahead of the rest." The mass was accompanied by the emergence of new insurers in the same mass termination of the activities of those who could not take a firm position on the market. Federal Law "On Insurance in the Russian Federation ", adopted in 1997 laid the foundation for developing a legal framework of insurance and market structures in the insurance sector, has established a mechanism of state regulation insurance activities, as well as to identify a set of rights, duties and functions of the government body overseeing the activities of insurance companies. With the adoption of the Law of the domestic insurance activities become civilized shape. By early 2006, the state register of insurers, there were about 1,075 insurance companies, but not all of them actually carry out insurance activities.
In 2005, Russian Insurers collected about 490.6 billion rubles. insurance premiums and insurance payments amounted to 274.5 billion rubles. The level of insurance in our country is extremely insufficient. In developed countries the share of total insurance premiums in gdp is: in the uk 13.4%, Japan 11.2%, U.S. 8.6%, France 8.5%, while in Russia, about 2.5%. It is evident that the development potential of the Russian insurance market is huge. Currently, the services of the insurers in the country (except compulsory insurance) uses no more than 15% citizens and legal entities insure the property at a rate of about 5% of its real value.
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