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First virtual round assignments 

International Insurers' Competition 2024

 Creative assignment

 (Working languages: Russian, English) 

Researcher Essay 

Topics (choose one)    

• The new Russian insurance market​
• Reinsurance: expanding horizons​
• ​A fantastic insurance product

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Formatting requirements

Volume: 4-8 A4 pages (0.3-0.6 printed pages); font: Times New Roman, font size: 14 pt;  interval: 1.5; margins: left 30 mm; right 10 mm; top and bottom: 20 mm; indent:  15 mm; figures, tables, names of figure (on the bottom on the left) and tables (at the top on the right) should be separated by a blank line; you should enable automatic hyphenation; page references should be used on each page; the text should be followed by the list of references 

The following should be indicated on a separate page:  
 

• Participant's full name, e-mail and mob. tel.;  
• Essay topic; 
• Full name, job tittle, e-mail and mob. tel. of the academic supervisor; 
• Name of education institution; 
• Name of Faculty (if applicable); 
• Program title, year, concentration if available, student group number 

Please use the following name of the file: IC_24_your surname  

Please send the essay and your data in one file to: ins-olimp@fa.ru 

You can submit your work from 04 March to 26 April 2024.  

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Assessment criteria 

• Original content (more than 85% of the total volume) 
• Use of a creative approach 
• Correct use of professional terminology 
• Logical statements and good arguments  
• Good skills in using research, legal and statistical data 
• Grammatical correctness 
• Correct formatting  

We wish you luck!!!

Past Competition assignments

76. How can you check whether an insurance company has a license?

a   Use the official website of the Bank of Russia

 b Use the portal of the Ministry of Economic Development

 c Use the Russian Government on-line system  

d Use Mosgor.ru site

77.The insurance business sector supervisory agency is:

a The Ministry of Finance

 b The Ministry of Economic Development

c The Bank of Russia

 d A financial ombudsman

78. Insurance can be:

 a Voluntary

b Mandatory

 c Imputed

 d Voluntary and mandatory

79. As at 1 January 2020, there were ______ insurance companies in the Russian insurance services market.  

a 12  

 b 185  

c 1,200  

 d 7  

 80. Investment of actuarial reserves and own funds is made on condition of:

 a Recoverability and liquidity

 b Profitability, liquidity and diversification

c Reciprocity

 d Recoverability, profitability, liquidity and diversification

Creative assignment

An essay (2-4 pages)

 Offer an overall brief insurance services market development forecast for 2030 (describe the key market indicators, types, technologies).

Describe 10 factors that contribute to insurance business development.

Indicate the main factors that hamper the insurance business development.

Offer a rationale behind the issues and factors described.

 What personal contribution can you make to the insurance business development?

 * Briefly describe the main changes in the insurers', consumers' and supervisors' behavior as a result of the pandemic.​

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