RNKB Insurance

History

2026: MTS-Bank bought RNKB Insurance

January 12, 2026 MTS-Bank announced the completion of the transaction to buy a full stake in LLC RNKB Insurance"." The financial institution received a license to conduct an insurance business, with the exception of the life insurance segment.

As a result of this transaction, the bank plans to create a technological direction in the field of digital insurance. The target audience includes own customers, users of MTS mobile operator services and third-party consumers.

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Фото: Freepik

As stated in MTS Bank, the purchase of the insurer opens the way to the formation of a comprehensive technological business in the field of InsurTech. Digital insurance services will receive integration into the user interface of banking applications. The subscriber base of the telecommunications operator has over 80 million people. The start of commercial operations for the sale of insurance is scheduled for the period January - June 2026.

Prior to the transaction, MTS-Bank offered insurance protection through partnership agreements with existing market participants. The bank acted as an agent, receiving commissions for attracting customers to third-party insurers. The range covered the segments of life protection and property interests.

The current set included protecting borrowers when receiving loans, covering the risks of loss or damage to payment cards, compensation for damage to real estate and movable property. Financial loss coverage and voluntary medical protection were also offered. The agency scheme limited the ability to control the product and retained only a share of the margin.

Chairman of the Board of MTS Bank Eduard Issopov described the acquisition as a natural development of the strategy of the digital financial institution. Integration with the country's largest telecommunications provider creates the basis for expanding the product portfolio. The financial group is moving to develop the full range of financial instruments on its own.

Nikita Drovosekov, director of the strategic consulting practice at Neo, in an interview with Kommersant, noted the advantages of buying a ready-made business before creating an insurer from scratch. Building your own company would take an additional year to obtain permits and form a structure. Transaction costs per purchase are lower than the organizational costs of starting a new legal entity.^[1][2]

Notes