After the collapse of the Soviet Union, did people still buy insurance from insurance companies?

According to China Insurance, the insurance industry has not closed down. If it is badly managed and faces bankruptcy, other insurance companies will take over. Before the disintegration of the Soviet Union, there should not be many insurance companies. In addition, the disintegration of the country has nothing to do with the collapse of insurance companies. Endowment insurance depends on local policies. Endowment insurance policies are different in different parts of China.