The article describes the content of the economic ecosystem and provides an assessment of the possibilities of the ecosystem creating within the Russian insurance industry. A description of each of the distinctive characteristics of any ecosystem is given from the point of view of the insurance ecosystem creating, which makes it possible to understand its features. The article presents an analysis of the prerequisites and advantages of the insurance ecosystems creating in Russia. At the level of the entire insurance industry, the main problem has been identified - the strengthening of monopolization. The reason for its appearance may be the creation of insurance ecosystems. Nevertheless, the article contains a rationale for even more significant losses that the Russian insurance industry will incur if it refuses to create insurance ecosystems.