FBK on Approaches to Insurer Solvency Assessment

Maksim Chikishev, the Head of Advisory to Insurance Companies, has participated in the spring session of the eighth annual insurance business forum titled “Challenges of the Year 2021”.

He spoke about new approaches to insurer solvency assessment and underlined the need to optimise the structure and composition of financial assets to start calculating required indicators under new regulations. Accounts receivable on insurance transactions are also important to comply with new capital adequacy requirements.

The spring session of the business forum was dedicated to the Bank of Russia’ regulation on requirements to financial solvency and soundness of insurance companies (Regulation No. 710-P), which becomes effective on 1 July 2021. The event was held online and brought together 150 people, including such speakers as officials from the Bank of Russia, experts from top Russian and international consulting and audit firms, heads of financial departments of insurance companies, representatives of big software suppliers and independent experts.