Not only contracting agency services should be insured, but also construction works

VLADIVOSTOK, November 27, vladivostoktimes.com The creation effective tool for a large-scale investment project insurance was the main aim of the meeting, that was conducted in Primorsky Territory Administration, as Primorsky Territory Administration press service reported to RIA PrimaMedia. The first vice-Governor Aleksandr KOSTENKO, representatives of the Primorsky Territory Administration, the Far-Eastern board of Rosstroy, antimonopoly service administration of Primorsky Territory and also representatives from most insurance companies, working in Vladivostok. According to Aleksandr KOSTENKO, the realization of large investment projects, including projects connected with APEC Summit 2012, requires appropriate insurance scheme. The program of Vladivostok development as the centre of international cooperation in Asian-Pacific region has two special features. They are technical complexity and uniqueness of constructed projects and tight schedule of the construction. That’s why the quality of program organization management, the effectiveness of management system are of great importance. Not only contracting agency services should be insured, but also construction works, enterprises property, etc. The participants of the meeting said, that Primorye insurance market is not enough developed for solving such problems. The deputy Chairman of OJSC “Sogas” Eugeny DEREVENSKOV shared the experience of expensive project insurance with his Primorye colleagues. He suggested pooling to them; it will help them to consolidate capitals and to work together at the market. Such integration will help insurance companies to expand their work areas and to increase insurance cover. The membership of the workgroup and the scheme of first-priority activities on the creation the effective insurance scheme were suggested at the meeting, The workgroup will be set up by the 7th of December. The Primorye insurers expressed interest in creation insurance association and are ready to start negotiations with their colleagues.