OREANDA-NEWS. November 25, 2010. Expert-RA rating agency has awarded OMZ Group with a special diploma ‘Comprehensiveness of the risk management system’ during the VII annual conference ‘Risk Management in Russia 2010’.

The VII annual conference ‘Risk Management in Russia 2010’, organized by Expert-RA rating agency, took place on October 26 2010 in Moscow; its participants included the representatives of professional self-regulating organizations, banks, insurance and managing companies, private pension funds which employ the modern risk management practices. During the preparation of analytical report, Expert-RA has analyzed the risk management systems at over 300 financial companies and has chosen 14 best for their awards. Besides OMZ Group, the agency has selected OSAO Ingosstrakh, ROSNO Group, IK Troika Dialog, JSC AFK Sistema, etc.

“We are glad that the professional community has praised the OMZ’s contribution to the development of integral risk management approach. Comprehensive balancing of various risks allows OMZ to make quick and precise decisions in the key business areas, facing high level of competition in the high-tech heavy engineering industry”, said Iraida Tarasova, OMZ Group controlling director.

Expert-RA is the leading Russian national rating agency. The agency’s rating list includes over 350 active individual ratings, including 85% of the total reliability ratings of the Russian insurance and re-insurance companies.

OMZ Group is one of the leading heavy industry companies specializing in engineering, production, sales and service support of equipment for nuclear, oil and gas, mining industries, as well as special steel production and industrial services. OMZ Group’s facilities are located in Russia and Czech Republic. The Group is controlled by Gazprombank.