JSC Russian Insurance Centre Provides Coverage.

Insurance Joint Stock Company (JSC) Russian Insurance Centre (RIC) obtains a license of Federal Security Service of Russian Federation to operate with insurance agreements containing State secret information. This license is necessary for the property insurance and civil liability insurance of defence industry companies, including enterprises xporting military and special equipment.

Considerable shareholding capital, highly qualified personnel, long experience in risks insurance, and proper reinsurance system guarantee the quality of RIC`s insurance coverage. One of the basic activities of RIC is the insurance protection to the defence and airspace industry companies and enterprises. RIC is certified by the Russian Federal Industrial Agency and Russian Federal Space Agency.

Russian Military and Technical Cooperation Committee has recommended RIC to the Cooperation subjects as an insurer for military and special goods transportation. The company has general insurance policies with a number of enterprises exporting military and special equipment, such as Rosoboronexport Federal State Unitary Enterprise, military design bureaus KBP, KBM, NPO Mash and other companies producing military equipment for overseas supplies. Applying proper reinsurance system, the company covers risks equal to amount of more than US$500 million dollars.

RIC became the winner of a competition held by RVSN (Strategic Rocket Forces of Russia) to obtain the right of space risks insurance. In 2003, RIC received accreditation on insurance mortgage property of Sberbank (State Savings Bank). In addition, the company has won the tender on insurance of property of State committee of Russian Federation for building, housing and communal complex. RIC`s successful activities are certified by Expert Rating Agency`s «A+» rating which means «High level of reliability with stable prospects». RIC is included in the list of leading Russian insurance companies on the property risks and liability insurance.

RIC is the participant and founder of large-scale national insurance programmes, participant of Russian Nuclear Insurance Pool, Russian Antiterrorist Pool, founder of Russian Insurance Pool on Civil Liability Insurance of Organisations using dangerous production facilities. RIC is a member of the Russian Union of Manufacturers and Industrialists, and a member of All Russian Insurers Union. In 2003, RIC became the winner of the «Russian National Olympus» in «Finances and Investments» nomination. In addition, the Chairman of the Board Dmitry Izvekov was decorated with Personal Order «For Honor and Valour».

RIC has representative offices in 12 regional centres in Russia: St Petersburg, Ekaterinburg, Vladimir, Izhevsk, Krasnodar, Kazan, Kaluga, Orel, Perm, Saratov, Tula, Ufa. The company regularly takes part in international defence and aerospace exhibitions such as Farnbor-ough International, Le Bourget Air Show, and Dubai Air Show.

Today (Kuala Lumpur Malaysia)