MOSCOW -- Some 180 Russian insurance companies are in "the risk zone," a federal regulatory service warned Tuesday.
The 180 companies at risk comprise 12 percent to 13 percent of those functioning in the current market, the Federal Insurance Oversight Service or FSSN said according to an Interfax news agency report.
An examination of factors the FSSN considered dangerous presented "a mixed market picture," deputy FSSN chief Elizaveta Boiko said at a roundtable meeting dedicated to insurance market issues. "There are no bad and no good insurers, as there are no typical violations peculiar to a large group of companies," she said, according to the Interfax report.
"If too much of the risk falls on re-insurers or, conversely, if companies retain too much of the risk, that leads to an insurance portfolio imbalance. We are also paying attention to that," Boiko said.
