OREANDA-NEWS. December 27, 2011. The Federal Service for Financial Markets (FSFR) issued to OJSC IC Allianz (Brand Name – ROSNO) a license for obligatory insurance coverage of hazardous facility owner’s civil liability for damage inflicted through accident at hazardous facility.

OJSC IC Allianz (ROSNO trademark) is a member of the National Union of Liability Insurers (NSSO) and its reinsurance pool. Beginning from 1999, the company has been insuring civil liability of the owners of hazardous industrial facilities and waterworks. From now on, OJSC IC Allianz will operate in the hazardous facilities insurance market under the new legislation. The company is ready to conduct this new type of obligatory insurance, and, being a universal Insurer, it offers a complete range of insurance products conforming to law, international standards, and clients’ needs. In addition to the contract for obligatory insurance coverage of hazardous facilities, the company also offers an insurance coverage of liability for environmental damage and insurance coverage of the costs of localization and liquidation of accident consequences.

"The new Federal Law No. 225, which becomes effective on 01 January 2012, is of fundamental importance for the insurance sector and for the industry, for general public and for the state. It will undoubtedly promote higher business responsibility and protection of the general public, along with lower load on state budget in case of accidents at hazardous facilities," commented on the company’s entering the hazardous facilities insurance market under the new legislation Ms. Galina Goulyaeva, head of the Liability Insurance Centre of OJSC IC Allianz (ROSNO trademark). — Today, it is important to attain an objective understanding of the new type of insurance and proper attitude among industrial enterprises towards the same. Our experts already provide them with advice on obligatory insurance coverage of hazardous industrial facilities in form of lectures, seminars and roundtables, also engaging supervisory bodies and independent expert organizations. Heads of industrial enterprises view such meetings positively, as they are able to get practical information on obligatory insurance directly from professionals and discuss all arising issues with the latter."