STRATEGY OF RUSRISK


The target of RusRisk

• To raise the culture of risk management in Russia.
• An integration of risk management corporate culture and practice in Russian companies.

Tasks of RusRisk

• To maintain the professional status, qualification standards and lobbying interests.
• To form and spread new trends in process of risk management and methodology.
• To develop professional risk-management association in Russia.
• To represent Russia in international professional community.

SHORT-TERM STRATEGY TASKS for 2010y.:

Increase an interest to RusRisk.

1. To develop and implement brand RusRisk promotion on the basis of brand FERMA and awareness of other members in association. For doing this several instruments would be used – books, articles, special researches and competition. The main targets are to create a well-known brand, to increase the number of position and neutral links to RusRisk in News, to increase the number of visitors on the web-site, to raise the number of members and membership payments.
2. To organize or participate in the workshop about reasons to the current crisis situation and actions for going out.
3. To work out, publish and implement clear and straight-forward internal procedures and documents including basic business-plan.
4. To develop a current database of risk managers, not only member of RusRisk, but also other professional, in order to increase quality of networking and promote information materials about RusRisk on the regular basis.
5. To work on ISO and other European and International standards. To develop cooperation with other associations and experts if needed. To publish guidebook for implementing standards.

MID-TEARM STRATEGY TASKS for 2010-2011 y.:

To support professional reputation of RusRisk

1. To become an independent and authority center of expertise on the risk management questions for 2-5 departments of Russian Federation Government and other federal and regional institutions. To sing and to perform the contracts.
2. To register self-regulated organization.
3. To attract new partners. To sign and perform agreements with professional associations and ranking agencies – ARBR, BCC, RTS, NFA, NAUFOR, Expert RA, S&P etc.
4. To organize and make a closed round table with the Government about coming over the current crisis and other new threats.
5. To publish articles on this issues in one of the main business magazines written by members of the board of RusRisk.
6. To perform negotiations about cooperation with other professional societies – FSFR, ARB, BCC, NAUFOR, NFA, IFC, PRMIA, GARP etc. The target will be to create a unique platform uniting interests of all specialists in risk management in Russia (industrial, financial, insurance risks) on the bases of RusRisk.
7. To make independent expertise of the System of Risk Management on 2-5 Russian Industrial companies.
8. To form procedures and methodology to conduct most of the long-term tasks of this strategy.

LONG-TERM STRATEGY TASKS

To increase the level of risk management culture in Russia.

1. To grow the quality of risk management system: consulting, teaching, certification, promotion of specialized IT-systems, RM system certification according to international standards.
2. To monitor the lists of: consultants (companies and independent persons), risk managers (with annual ranking of their work), certifying organizations (with annual system risk management ranking).
3. Ranking of Systems of Risk Management, Insurers, certification of insurance surveyors and loss-adjusters; ranking the banks according to their RM Systems; certification of credit brokers and listing organizations.
4. Scientific-methodology activities and publication: about threats and opportunities systematization, their evaluation, making a scenario bank, analyzing effects and industrial risk lists, publishing business under the brand of RusRisk; annual RusRisk magazine about the System of Risk Management in Russia and worldwide.
5. Participation in lawmaking process including technical regulation analysis.
6. International cooperation in the professional associations.
7. Managing changes in RusRisk according to the current situation.

On foundation of the Russian Risk Management Society
 
At present, in the entire world the risk management becomes one of the most significant management elements, the instrument of the increase of economic efficiency and business stability in the modern economy.

Annexation of Russia to this international community appears to be absolutely necessary. The advanced national culture of reasonable attitude to risks in the modern world has become one of the most important competitive advantages of the countries with high-developed economy. In the majority of cases, when discussing possible international investment projects, the parties mutually require to take adequate measures in respect of risk management for the joint project.

Industry, financial sector, agriculture and other branches of the Russian developing market economy, today experience serious risk loads. Apart from regular risks, characteristic for functioning of real economy objects, they are exposed to the risks, accompanying transitional period of the economy.

Also further integration of Russia into the world market is inevitable (including possible entry of Russia in WTO), and consequently, the switchover of many Russian enterprises to the international business standards, which presume availability of risk management as a constituent part of their management practices.

In this respect, the questions of granting investments are closely connected with the availability of risk management structures in the corresponding enterprises.

All Russian economy branches have acute requirement for specialists in different risk management aspects, the competence of which must be regularly updated. Another common demand is the certification of risk management products, financial tools and services, which today are offered on the market, as well as professional certification of risk-managers. Another urgent general need of the entire economy is the establishment of risk management standards. Another general requirement of all interested parties consists in establishment of public high-capacity information data- and knowledge base in risk management, performed in the Russian language. All these mechanisms have already been created and now successfully work in many countries in the world.
 
The development of risk management industry in Russia is required.
 
The Russian Risk Management Society, among the founders of which there are several largest public and noncommercial organizations of Russia, undertakes to organize joint efforts of all interested parties in the above mentioned directions.
 
The mission

To increase the sustainability of Russian business through risks decrease.

The aim

To form the market of risk management in Russia, acoording to international practice.

The goal

To developthe national standards of risk management in different economic segmants.

To further the development of govement policy and creation of up-to-date and complete regulations in risk management.

To creat the education system, including raising the level of risk managers' skills and certification process, develop and support professional risk managers and list the active working specialists in this field.
 
To support the development and adoption of risk management system in companies and increase the quality of risk management.

To decrease the possibilities of ecological, anthropogenic and other disastrous events, to manage economic and social consequences of these events in Russia and worldwide effectively.

To create an open system of fundamental information in risk management and ways of deliver these information.


The main activities

Popularization of risk management in Russia through mass media and internet, organization national and international conferences, exhibitions, seminars, workshops and competitions on the topic of risk management, publishing books and periodical magazines.

Market research about risk management in different industries and in different regions in Russia. 

Attracting and distribution f financial, intellectual and organizational resources for creation, development and integration projects of managing risks.

Development of multifunctional cooperation between Russian and international organizations in risk management field.

Research, analysis and distribution of Russian and international experience in risk management, give assistance and raise funds for scientific and practical research in risk management.

Participation in development, expertise and realization of legislative acts and other laws and programs, worked out by federal and regional government and ministries. Participation in development and realization of risk management and insurance documents in ecological, industrial and financial fields.

Working out, develop and spread the up-to-date technologies and methods in risk management.

Creation of data base and other informational systems. Design, application and distribution of the complex risk management systems and other computer technologies that rise an efficiency of risk management

Creation strong internet support for risk management.

Consulting in risk management.


Actions

Researches in risk management field in Russian companies.

Making discussions on different topics of risk management.

Making seminars and workshop for the professional exams in different regions in Russia.

Participation in International Conferences in corporate risk management in Russia.
Participation in American Forum organized by American Risk and Insurance Management Society.   

Participation in committee of directors of Federation of European Risk Management Assosiations (FERMA). 

Participation in the Forum, organized by FERMA.

Organizing the Annual Risk Management Forum.


Day-to-day operations

Research in risk management field on Russian companies with the support of Russian Union of Industrialists and Entrepreneurs and the consulting company.

Risk management forums have been organized in Russia since 2003y.
In 2006y. the competition in different nominations was organized.

Business contacts with Risk and Insurance Management Society RIMS), Federation of European Risk Management Associations (FERMA) and Institute of Risk Management (IRMSA were established and developed.
The Association is part of FERMA and has a permanent representative in the Committee of Directors.

The Association participates in creation of the Risk management and Insurance Conception in fuel and energy complex in Russia.

Business contacts with Russian financial institutions and strategic companies from different industries were established. The contacts with the main institutes of higher education are developed.

The adaptation of the European standards of industrial risk management, educational and certificating programs is under the development.
 
Relations with the professional magazines, such as “Russian Polis”, “Strategic risk”, “Risk management”, are established.
The fundamental textbook for studying risk management has been published.

The first version of the internet web-site has been started.
The mission and conception of the association, mid-term and long-term plans are worked out, working teams has been formed and started to work.

How to be a member?

The Association has an open form so any national or international juridical and natural persons can be members of the association.

The members of the Association have wide range of services in risk management, for example, full information about new products and news, discounts for products and services provided by the association, advantages for ordering marketing, consulting and research projects.

Any companies can be a member of the association. The corporate fee is USD 1 000. The annual fee is also USD 1 000.
 
Any natural person interested in risk management can be a member of the association as well. The first and the annual fees will be USD 150 each.

The size of the fee for each case is fixed by the Board of directors. It could vary due to the personal conditions, such as number of employees, asset volume, etc. There are discounts in entrance and annual fees, contributory scheme for funds, non-profit organizations, teachers of risk management and students (if they attend at list one seminar during the year).

Of the very importance for the Association are the purpose and sponsor fees.
For the companies it gives a wide range of possibilities to strengthen it’s brand in risk management field, strategic management and social responsibility.
The association is very interested in project sponsors – conducting International conferences, exhibitions and seminars.

The main profits in the Association budget

Entrance and annual fees
Purpose fees
Sponsor fees
Publishing books and magazines
Education (workshops and lectures)
Certification for risk managers
Exhibitions, conferences, seminars, etc.
Grants for reaches and information programs
Consulting services in risk management and insurance
Distribution of the Enterprise risk management

The founders of the Association

The Association was established at 11th March, 2003y.

The founders:
Russian Union of Industrialists and Entrepreneurs (employers) – (RUIE)
National Fund Association (NFA)
State Academy for professional retraining and development of specialists in the investment sphere (GASIS)
Noncommercial Charitable Fund "Expert Institute" (NBF)
Open Joint-Stock Company “The Bank of Development of the agrarian and chemical industry" (CJSC "Agrohimbank”)
The Association of the Insurance Brokers (AIB)
Moscow Insurers Association (MIS)

The management structure:

Members’ meeting
Supervisory boar
The president
The vice-presidents for different activities
Executive director

The members of the management structure

Supervisory board

• Mr. Igor Yurgens, Vice president of Russian Union of Industrialists and Entrepreneurs, Chairman of the Management Board, Institute of Contemporary Development, Chairman of the Board of Trustees, RusRisk
• Mr. Viktor Vereshagin, President of Rusrisk
• Mr. Constantin Volkov, President of the National Securities Market Association
• Mr. Jurij Gorbatov, Vice-president of the Moscow Insurance Association
• Mr. Dmitry Dzhafarov, Risk manager 
• Mr. Jon Starkey, Vice-chairman, CJSC "Chartis Insurance Company"
• Mr. Sergey Dubrovin, Main adviser in the Expert Department of the President of Russia
• Mr. Viktor Zazovskiy, VTB Kapital
• Mr. Valerij Kirilov, Risk manager
• Mr. Aleksey Lebedev, Manager of Russian and CIS regions in MatthewsDaniel
• Ms. Anna Korbut, Heat of Department for corporate transactions Corporate Finance INTER RAO UES
• Mr. Oleg Kudryavcev, Vice-president of Alfa Strakhovanie Ltd. Mr. Mikhail Rogov, Risk manager
• Mr. Oleg Suhorukih, Director general of Ticom Management
• Mr. Mikhail Pomazanov, Heat of Risk Department “Bank Zenit”
• Mr. Igor Tarasov, Director of the risks’ department in Valtars Risk Management
• Mr. Pavel Smolkov, Head of Marsh Risk Consulting
• Mr. Alexander Tsvetkov, Director general of the Joint-stock company PM Soft
• Mr. Wilhelm Schaugg, Executive officer of “Allianz”

Board of directors

• Mr. Viktor Vereshagin, President of Rusrisk,
• Mr .Andrey Elohin, Head of the Insurance department in Lukoil, Vice-president of RusRisk
• Ms. Nadegda Nosova, Vice-president of Korna Risk Management Ltd.
• Mr. Nikolay Ivanov, Vice-director of the gold-mining company Polus
• Ms. Tamara Osipenko, Vice president of the Russian Regional Development Bank
• Mr. Mikhail Rogov, Risk manager
• Ms. Tatyana Shemyakina, Executive director of Rusrisk 
• Mr. Ivan Guravel, Executive director of JUoint-stock company Risk Information science 
• Mr. Valerij Tarasov, Director general of Valtars Risk Management