OREANDA-NEWS. September 28, 2010. The Ingosstrakh Deputy Director General of Corporate Business Nikolay Galushin took part in the "Construction and assembly risks and state contracts insurance is an impulse to development” round table discussion arranged by the Expert RA rating agency.The discussion touched upon the issues related to the absence of effective mechanisms of construction and assembly risks and state contracts insurance, and consequently to the security risks for the government, construction projects clients and citizens. The insurance market leaders, members of the construction community, representatives of state agencies, social organizations and mass media took part in the event.

The report of Nikolay Galushin covered the topic “Construction and installation works market status and the problems of its development”. In his speech the Deputy Director General of Ingosstrakh emphasized the major problems of the market: dumping, current schemes and kick-backs, Russian insurers’ capacity and loss ratio growth.Among the perspectives of the further market development Nikolay Galushin mentioned further premiums and loss ratio growth, competition increase, rates stabilization, adherence to kick-backs practice and market monopolization.

The representatives of Ingosstrakh also participated in the "Leasing in Russia and the CIS" conference (Risk management and insurance section) which took place yesterday, on September 23 in the Renaissance Monarch Centre Hotel. Major governmental and scientific figures, leaders of major leasing and insurance companies took part in the event.

Besides, on September 21, 2010 the Ingosstrakh OJSIC annual presentation for the English reinsurance market which is major for the insurer took place in London.At the presentation which was demonstrated by the Ingosstrakh representatives more than 90 directors of different insurance companies, Lloyds syndicates and law and survey firms were present.