The Central Bank cancelled licenses of three insurance companies at once

The Central Bank cancelled licenses of three insurance companies at once

The Central Bank cancelled licenses of three insurance companies at once
On January 16, the regulators website published information on the revocation of licenses for activities by the insurance companies Chuvashia-Med (Cheboksary), Simaz-Med (Novosibirsk) and Ekip (Moscow).

All three decisions were made for a fairly simple reason - due to the voluntary abandonment of companies by their activities. Decisions of the Central Bank came into force from the date of publication, January 16, 2020. It is necessary to note that licenses were revoked for voluntary personal insurance services, with the exception of voluntary life insurance. But when it comes to the "Ekip" company, its permission on the property insurance was cancelled as well. 

It should be recalled that in December, the Siberian Spas-Med insurance company lost its Central Bank license, and the license of the Orbit insurer was also suspended. In October, the insurance company Sterkh lost its work permit. We should note that in the past few years, the Central Bank has been engaged in actively cleansing, among insurance companies and in the banking sector as well.


20.01.2020





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