OREANDA-NEWS. December 13, 2011. Mr. Vitaly Us, Director of the Financial Risks Insurance Department of OJSC IC ROSNO, took part in the 6th analytical business conference "Real Estate, Construction and Finance Market 2012" organized by the Moscow Business Club and held in Moscow, reported the press-centre of ROSNO.

The conference was attended by the leading economists, analysts, and top managers. Mr. Vitaly Us, Director of the Financial Risks Insurance Department of OJSC IC ROSNO, made a speech on investment and insurance programs implemented by Allianz SE and ROSNO in the construction and real estate sector. Vitaly told that during the next several years Allianz expects to increase its property assets from the current 19 bn euro to 30 bn euro. All real estate investments made by Allianz are managed by The Allianz Real Estate Group which invests in all kinds of high-yielding property throughout the world. Vitaly Us noted that the general concept of Allianz Real Estate contemplates temporary administration. However, there are exceptions. "Among the objects purchased by the conglomerate are those acquired for a long term. Above all, these are office facilities purchased for the conglomerate’s needs".

In his words, all large investment and insurance groups present in the market have such divisions, and the latter enable additional profit. "The market structure of the investment, finance and insurance business is such that the direct insurance income is not always the very instrument of profitable business operations. In many respects, such conglomerates derive income precisely from investments, including direct investments in specific material objects", concluded Mr. Vitaly Us.