Post-release of the XII International Forum "Risk management in Russia and the CIS"

Growing political and economic risks in the world are a subject of concern not only of a manual of the certain states and a business community, but also each person. The regular Forum of Russian Risk Management Society (RusRisk), which took place on 4-5 June 2014 in Golden Ring Hotel Moscow, was devoted to discussion a new calls and opportunities of risk management. About 150 heads of risk management division and risk managers of industrial, insurance, investment and broker companies, banks, representatives of authorities and expert community, teachers and students took part in it.

A support to the Forum was given by the known companies: «Willis CIS Insurance Broker LLC», «RGS», «RusHydro», «SIBUR», «Zurich», «PROGNOZ», «PM SOFT», «Bureau van Dijk» and media partners.

The Forum began unexpectedly with a unique business game for risk managers, which was developed and was brilliantly conducted by Alexey Sidorenko (RUSNANO, Risk Academy) and Olga Obraztsova (EY). On the example of large Russian holding, each participant had an opportunity to test himself in the role of the General Director, who must make quick and right decisions, taking into account existing risks. In opinion and responses of participants, this business game aroused great interest and brought practical benefit for everyone.

One of important issues of the conference «Corporate risk management» at the first day were the interaction of the internal control systems, audit and risk management, the RusRisk practice in development of the voluntary certification system, training and creation the new risk management standards, political risk as a factor in investment activity and attractiveness and other topical issues.

A great interest of participants caused the speech of E.G. Yasin, the Research Supervisor of NRU Higher school of Economics, former Minister of economy of the Russian Federation concerning analysis the macroeconomic risks in Russia and the speech of M. Harms, the Chairman of the Russian-German chamber of Commerce concerning analysis of risks and opportunities of trade and economic cooperation between Russia and Germany and the EU. M. I. Faleyev, President of the Russian scientific risk analysis devoted his performance to risk management of emergency situations.

The second day of the Forum was devoted to insurance and financial risks.

Detailed discussion of organizing an effective corporate insurance (the moderator - A. Elokhin, the head of insurance Department of OJSC Lukoil) took place. Representatives of leading insurance, broker, estimative companies («Willis CIS Insurance Broker LLC», «RGS», «Zurich», «SOGAZ», «The Vienna insurance brokers», «GrECo JLT Group», «Matthews Daniel in Russia and the CIS», «Mensor», etc.) had discussed such topical issues as: problems and trends of insurance market in Russia and abroad, a choice of optimal insurance program, the crisis impact in the choice of the insurance protection strategy, the application of international experience in risk-engineering, effective settlement of losses and others.

In the second day of the Forum serious consideration was given to problems of financial risk management, therefore, there was conducted an independent conference-satellite "Best software solutions for risk management in financial institutions".

A. Lobanov, the deputy director of banking regulation Department in the Bank of Russia presented actual matter of state regulation of banking risks. A. Blochin from the Ministry of Finance of Russian Federation devoted his speech to risks of government programs and budgeting realization. During two sessions were examined presentations with the best solutions for the management of credit, market and retail risks.

At the end of the Forum the winners of the annual Competition «The Best risk management» were awarded in such categories as a complex risk management systems creation, systems of insurance protection, the best publications, scientific and student's works were highly noted. In the main nomination «The Best Risk-Manager of the year» as a winner was recognized Alexey Sidorenko from OJSC «RUSNANO».