For insurance companies — cooperation on property collateral insurance
The cooperation between the insurance company and Raiffeisenbank on insuring property collateral under corporate and consumer lending programs involves an audit of the Company to determine its compliance with the Bank’s requirements for insurers.
This section provides, in two parts, the mandatory requirements for insurance companies: general requirements and financial stability requirements. Please verify that you meet the Bank’s requirements prior to submitting documents.
If the Company satisfies the Bank’s general requirements for insurance companies, it must then prepare and submit to the Bank the set of documents* needed for the analysis.
The timeframe for reviewing the documents and reaching a final decision is 60 workdays from the date the documents are received.
If the results of the review are positive, the insurer will be during the 10 days included in the list of insurance companies satisfying Raiffeisenbank’s requirements.