BANK OF RUSSIA TO ESTABLISH REQUIREMENTS FOR INVESTMENT INSURANCE PRODUCTS
(AGENPARL) – MOSCOW (RUSSIA), lun 25 gennaio 2021 The regulator intends to set minimal requirements for insurance companies offering investment life insurance (ILI) and endowment life insurance (ELI) products. The initiative is aimed at eliminating the malpractices of misleading consumers as to the specifics of these products. Insurance providers market ILI products as policies with a risk (in the event of death) and investment component. It is suggested that a risk component be strengthened to prevent consumers from......