Risk management in Russia


Risk management in Russia

In June, Swiss reinsurance broker Reunion held its third round table discussion in Montreux, Switzerland, discussing the coverage of engineering and construction risks in Russia. What follows is a snapshot of a part of the discussion focused on risk management.

Risk management practices in Russia are improving quickly, driven by regulatory changes and better education among senior managers in corporations. But the insurance industry has a big role to play in helping companies get up to speed in this regard.

That was one of the main points to come out of the first session of this round table on engineering and construction risks organised by Swiss reinsurance broker Reunion in Montreux, Switzerland in June.

Aleksey Shtanko, first deputy general director of ISLAB LLC (RusSurvey), opened the discussion with a presentation that looked at the assessment of construction risks in Russia, the international risk management practices of companies and the way insurance coverages and insurers themselves can help develop standards in this field.

Russia, risk management, roundtable, engineering insurance

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