OREANDA-NEWS. September 25, 2012. Ingosstrakh Insurance Company is an official insurer of the Summer Biathlon World Championship 2012 which took place in Ufa on September 17–24. The championship support was the first project implemented as a part of the cooperation agreement concluded this summer between Ingosstrakh Insurance Company and the Government of Bashkortostan.

The Summer Biathlon World Championship is held in Biathlon sports and fitness center located within the limits of the city on the picturesque riverbank of Belaya (Agidel). The center has a modern infrastructure and is one of the best stadiums in Russia. The notable sportsmen of 20 national teams from various countries – Top 10 sportsmen according to world rankings – will compete with each other on the track for the gold medal. Russia is represented by the most numerous team consisting of 16 sportsmen. The youth team includes six male and six female juniors. Ski rolling rally was included in the championship program: mixed relay (male and female juniors, men and women), 10 km sprint for male juniors, 7.5 km sprint for female juniors, 12.5 km pursuit for male juniors and 10 km pursuit for female juniors.

Ingosstrakh Insurance Company acted as an official insurer of the Summer Biathlon World Championship insuring the risk of competition cancellation and the civil liability of the championship organizers. Pursuant to the competition cancellation risk insurance agreement, the organizer’s losses are insured which he/she may suffer in case of championship cancellation due to reasons beyond his/her control, namely: inability to use the track because of its damage (e.g. after fire), breakage, theft of equipment and/or property used for preparation and realization of the championship, etc. In case of occurrence of the event insured, all the expenses for track lease, advertising, publication and sale of tickets, etc. are to be reimbursed. The civil liability insurance agreement provides the insurance coverage of various risks in case of personal injury and damage of property. The aggregate insurance coverage under both insurance agreements amounts to RUB 57.5 m.

The project is implemented as a part of the cooperation agreement signed between Ingosstrakh Insurance Company and the Government of Bashkortostan in July 2012. Recall that according to this agreement, the cooperation between the parties aims at creating proper insurance culture among the population and economic entities of the Republic of Bashkortostan, the programs and projects are implemented which are aimed at popularization of insurance and enhancing the insurance quality of the population and organizations of the Republic of Bashkortostan.

According to Aleksey Sokolov, Deputy General Director of Ingosstrakh Insurance Company, the insurer has always supported domestic sport. "The largest project in this field was the support of the Olympic Games 1980 where the company acted as general insurer. Since 2006, Ingosstrakh Insurance Company has been an official partner of the Russian Ice Hockey Federation. For many years, Ingosstrakh Insurance Company has been a partner of the Tennis Federation providing the insurance coverage of the Kremlin Cup International Tennis Tournament, as well as supported the Russian Volleyball Federation. All these achievements and accumulated unique experience made it possible for Ingosstrakh Insurance Company to become a participant of the main sporting event of our country and obtain the status of Partner and Insurer of the 22nd Olympic and 11th Paralympic Winter Games 2014 in Sochi. We are proud of our contribution to the development of domestic sport and believe our boys and girls will bring us new victories in key sporting competitions."