General business conditions of insurance companies with different forms of ownership will be aligned. This was reported by Natalia Novikova, Deputy Head of the General Directorate of Insurance Supervision of the Ministry of Finance, during the roundtable discussion “New Development Strategy of the Financial Market: What Will Change to 2020” held in the press center of BelTA. This is determined by the draft decree prepared by the Ministry of Finance.
The Eurasian Economic Commission (EEC) is working on establishing a common reinsurance capacity within the Eurasian Economic Union (EAEU). The expected result is removal of restrictions caused by the fact that national insurance companies conclude reinsurance contracts with reinsurers from the other member-states.