Respect on the brink of bankruptcy

It appears that another major insurer is on the verge of bankruptcy. This time, the company in question is Respect, which is the leader in developer civil liability insurance.

It is not ruled out that in the near future it will be unable to fulfil its obligations. The reason is mundane – an industry crisis. Respect’s clients are going bankrupt en masse. This is bringing the company itself closer to collapse.

In 2017 alone, the investment strategy resulted in losses of 1.7 billion rubles for the company.

At the same time, the activities of developers are completely opaque.

In addition, Respect invests in derivative financial instruments, which is a high risk.