trending Market Intelligence /marketintelligence/en/news-insights/trending/o4rzare0v_fyv1q6sgea-g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Russian regulator cancels insurer Opora's license

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Russian regulator cancels insurer Opora's license

The Central Bank of the Russian Federation revoked the license of Opora Insurance JSC because it failed to comply with financial stability and solvency requirements.

Opora will have to terminate its insurance activities but will be required to fulfill financial obligations arising from its insurance contracts.

The central bank put Opora into provisional administration earlier in July. The company said at the time that the move followed its earlier decision to renounce its licenses.