Equity-Based Life Insurance as a tool for overcoming systemic risks through regulatory reforms in the Russian insurance market

object: the study aims to examine the evolution of regulation concerning investment-linked and unit-linked life insurance in Russia, assess the effectiveness of the Bank of Russia's measures to mitigate systemic risks, and forecast market development. Methods: In the course of the research, general scientific methods of cognition, including system analysis, as well as private scientific methods were used: comparative legal, formal logical, statistical. Findings: The introduction of the new product enhanced the transparency of insurance offerings through cooling-off periods and standardized documentation. However, risks persist, including the lack of investment guarantees. Further development of the product requires addressing regulatory gaps, introducing tax incentives, and reducing dependence on macroeconomic instability. Conclusions: As a result of the conducted research, the author comes to the conclusion that it is necessary to develop recommendations for improving legal regulation in this area.

Bank of Russia, insurance, insurance market, investor rights protection, Investment-Linked Life Insurance, Endowment Life Insurance, Unit-Linked Life Insurance