Insurance market development trends in medium-term documents of the Bank of Russia

The article contains a critical assessment of the draft Main Directions of the Financial Market of the Russian Federation, the section devoted to insurance. The author provides comments on the proposals of the Bank of Russia. Addresses the issues of transforming long-term savings of citizens into investments. The emphasis is on analyzing trends in the development of the insurance market, which makes the author’s conclusions significant for all participants in insurance relations. The work confirms that the measures taken by the regulator made it possible to stabilize the financial market under sanctions. The author supports the timeliness and importance of insurance development, including the introduction of shared life insurance, long-term savings programs, etc. The purpose of the article is to express a position on the main directions of development of the insurance market in 2024-2026 in the context of digital transformation of insurance companies and sanctions restrictions. The results of the work consist in substantiating proposals for the development of the insurance market in the medium term.