OREANDA-NEWS. July 29, 2008. The Saratov-ROSNO branch has held a conference "Innovative Approaches to Construction Risks Management", reported the press-centre of ROSNO.

The main purpose of the conference is to present a unique and exhaustive information on any issue related to insurance of construction and assembly works and commissioning works, financial risks incurred in the construction sector, damage evaluation, and the claim processing procedure.

Apart from ROSNO representatives, among the conference speakers were the first deputy minister of construction and communal services of the Saratov Region Mr. Vyacheslav Mironov and representative of the specialized international loss settlement agency Cunningham Lindsey Mr. Sergey Vasilenko.

Mr. Roman Kapshitar, head of ROSNO’s Corporate Sales Management Centre, provided examples of losses incurred in course of performance of the construction and assembly works. He also explained the benefits of insuring the construction and assembly risks, and about insurance volume and the terms of insurance protection.

Mr. Vasilenko told managers of the construction companies about the major stages of loss settlement in case of insurance of the construction and assembly risks, principles of risk assessment and damage evaluation.

The reports made by the speakers aroused great interest in the seminar participants who asked questions related to the legislation applicable to the construction and assembly works and to the advantages of obtaining insurance coverage of the construction and assembly risks from ROSNO.