In Russia there will be a marketplace for the sale of insurance

29 May 2018

The new tool will launch before the end of 2018

In 2015 in Russia can issue an electronic insurance policy. This requires to go to the website of the selected insurance company, specify the required data and pay for the insurance premium. All that remains is to print the document on any printer. In theory this idea should simplify the insurance procedure, but the results in practice can be quite different. First Deputy Chairman of Bank of Russia Sergey Shvetsov stated that the existing defects of the system will be able to overcome with the launch of the financial marketplace.

What's wrong with the current system e-insurance

Formally, e-insurance does allow you to avoid queues, save time and nerves. However, this mechanism does not always work. There are cases when insurers artificially create barriers around which it is extremely difficult.

For example, when executing a policy, the client may be asked to keep the code that is displayed on the computer screen or sent to a mobile phone. This simple system was originally designed to protect web services from bots, has become a real problem: in some cases, she was given a character that is not in Cyrillic and English keyboard layouts. And this is just one of the methods of struggle with "unwanted" customers.

The cause of such tricks is very simple. Insurance companies are struggling to limit the sale of insurance policies in the so-called "toxic" regions in which they allegedly operate at a loss. In offices often claim that the policies simply ended. Now the law is forcing insurers to issue e-insurance, but here was a way to get out.

What is the financial marketplace

In the fall of 2017 presented the concept of the project to create the first Russian financial marketplace. This term refers to e-Commerce platform where you can purchase the products and services of third parties. it is Assumed that the financial marketplace will be submitted to Bank deposits, government and corporate bonds, credit and investment products, and insurance products, including insurance. It is expected that such a tool will be created before the end of 2018.

A key advantage of the marketplace over conventional e-insurance will be that on a single platform will be presented to several insurance companies, among which you can select the most beneficial. Now in order to calculate the final cost of the policy, have to undergo clearance, which takes tens of minutes. Each insurance company has to fill in again. In the end the financial marketplace simplify and accelerate this procedure.