Foreign equity share in Russian insurers declines to 17.4% in 2012
MOSCOW. March 12 (Interfax) - The share of foreign capital in the combined capital of Russian insurance organizations declined to 17.41% as of January 1, 2013, down from 18.1% a year earlier, the Federal Financial Markets Service (FFMS) said in materials on its website.
The combined capital of Russian insurers attributable to foreign capital amounted to 36.2 billion rubles at the beginning of 2013.
Nonresidents have another 65.4 billion rubles remaining in the quota for investment in the Russian insurance industry, the FFMS said.
The calculation of the unused quota is based on the recent increase in the quota on nonresident ownership to 50%, up from 25% previously.
The combined charter capital of Russian insurance organizations totaled 208 billion rubles as of January 1, 2013, the FFMS said.
