Insurance system for Russia
The largest insurance market in the CIS
- 140+insurers
- 2+ trillion ₽premiums
- 10%market growth
Market
The Russian insurance market is the largest in the CIS, with a wide product range and high technology requirements. MTPL, compulsory medical insurance and voluntary health insurance create large baseline demand, and electronic policies have become the norm.
Regulatory requirements
- Reporting to the Bank of RussiaForms in XBRL under the Bank of Russia taxonomy
- Electronic signatureQualified signature of reports and documents
- AIS OSAGOExchange of MTPL contract data
What is adapted in the system
The system is ready for the largest market in the CIS: XBRL reporting, complaints and the financial ombudsman, direct settlement and Russian payment gateways.
Reporting to the Bank of Russia
XBRL, XML, XLSX and PDF, PKCS#7 signature with an RFC 3161 timestamp, submission and response parsing.
Financial ombudsman
Complaint log with response deadlines, ombudsman cases, the decision and a record of its execution.
Direct settlement
Claims, settlement periods and balances between insurers under the direct settlement rules.
YooKassa, Sber and T-Bank
Online premium collection and the Faster Payments System.
NBKI and OKB
Requests to credit history bureaus with the data subject’s consent and a log entry.
Signing through CryptoPro
An employee signs the report with their own key, and the signature is verified in the system.
Other countries
Kazakhstan
Kyrgyzstan
Uzbekistan
MongoliaShall we show the system on your products?
We will build your product in the builder, take a policy from quote to claim and estimate the implementation cost for your lines of business and countries.