Insurance Automation: Russian IT Solutions Drive Financial Resilience
Russia’s IT market is moving confidently into one of the most demanding sectors – insurance, where the challenge goes beyond replacing legacy systems and requires accurate accounting and the ability to meet strict regulatory demands.
Russia’s corporate automation market is going through a structural shift. It was make-or-break year of 2025, when the focus moved beyond basic import substitution toward integration and the operational efficiency of domestic platforms.
Meanwhile, the capabilities of Russian developers and integrators continue to grow. For example, insurance company Gersa worked with Khomnet Group to rebuild its internal and operational environment by localizing its IT system and automating key business processes. As a result, the company automated 70 workstations and improved financial accounting under EPS (Edinaya platezhnaya sistema – Unified Payment System), while also streamlining regulatory reporting for the Central Bank.
Insurance remains a highly sensitive sector under constant oversight, with strict regulatory requirements. Companies must stay flexible, adapt quickly to changes, and rely on IT systems that support accounting, supervisory reporting and statistical disclosures. With effective IT solutions in place, operations accelerate, accounting quality improves, and internal systems become more reliable. That directly strengthens a company’s financial resilience.
New Capabilities
Central Bank requirements for financial stability, reporting and data formats are becoming increasingly formalized. That is driving demand for automation among insurers, non-bank financial institutions and other market participants. Maintaining financial resilience now requires integrated solutions such as EPS, OSBU (Otraslevye sistemy bukhgalterskogo ucheta – Industry Accounting Systems), XBRL data formats, risk metrics and system integrations.
At the same time, building industry platforms and integrating with specialized partners opens up new opportunities for businesses in the financial sector. Companies gain access to advanced automation tools that improve internal processes.
One example of market consolidation is the acquisition by 1C of a controlling stake of an ERP developer, securing 51% of the AIINS platform, which connects participants across the insurance market.
Because insurance is shaped by strict domestic regulation and local supervisory requirements, the export potential of these IT solutions remains limited. Still, such platforms could find demand in CIS markets.
A Strategic Task for IT
From September 1, 2025, the new IFRS 17 accounting standard for insurance contracts came into force. That created a strategic task for the IT sector – modernize or fine-tune accounting models and regulatory reporting frameworks.
In 2026, Khomnet Group developed and deployed its product Khomnet:858-P at Defans Strakhovanie to comply with Central Bank Regulation No. 858-P on financial stability and solvency requirements for insurers. At the same time, the Saint Petersburg Currency Exchange began using Khomnet:NFO and Khomnet:XBRL for EPS-based accounting and XBRL reporting.
Globally, insurers are upgrading legacy software systems and rolling out new solutions to meet stricter transparency and reporting requirements.
The Global Push Toward Digitalization
Many companies still rely on legacy systems that handle core business functions. However, these systems make it harder to introduce new technologies and limit organizational flexibility.
New domestic platforms can now cover both operational and regulatory needs at once. This is especially important for insurers and non-bank financial institutions, where reducing manual work, minimizing risk, improving customer service and staying compliant with Central Bank requirements all matter. Over time, these platforms are expected to integrate accounting, risk management, analytics and even AI-based services.
The global shift toward digital services has reshaped the IT industry. Although insurance remains a conservative sector that has been slow to adopt new technologies, current conditions require it to handle regulatory pressure while staying competitive.
