Round-Table Discussion Entitled “The First Steps in Cyber-Risks Insurance in Russia and Foreign Experience”

The XXII Annual Reinsurance Conference Russian “Reinsurance Market – Model Change” was held with the support of the All-Russian Insurance Association on 11-12 April 2018 in Moscow.  

The conference brought together 235 participants from 20 countries - representatives of the West, the Middle East, Central and South-East Asia. The main audience was represented by executives and top managers of insurance, reinsurance and broker companies, adjusters, and independent experts.  

The first day of the conference was dedicated to the status and prospects for the development of reinsurance in Russia, restructuring, the results of work of the state reinsurer, solvency indicators, risks of insurance companies. Managers of the All-Russian Insurance Association, the Bank of Russia, IPJSC Ingosstrakh, JSC Russian National Reinsurance Company, JSC SOGAZ, Gen Re, Analytical Credit Rating Agency (ACRA) and RAEX (Expert RA) Rating Agency took part in the discussion. 

On the second day of the conference, the Business Game was held on the topic "Repetition of the past. Work on bugs”. Issues of underwriting practices and loss adjusting in the field of warehouse risks insurance were discussed further in the conference.  

The round-table discussion entitled “The First Steps in Cyber Risks Insurance and Foreign Experience” was held with the direct involvement of the Union of Insurance Experts and Adjusters (UIEA). 

On behalf of the Union of Insurance Experts and Adjusters (UIEA), the moderators were Mr. Pavel Shaptsev, Managing Director of UIEA, Deputy General Director/Senior General Adjuster of ISLAB LLC – In association with Crawford & Company, and Mr. Sergey Bukreyev, UIEA Director for Legal Issues and Business Development, Director/Executive Legal Analysis Expert of JSC Cunningham Lindsey Russia. 

Representatives of Russian and foreign insurance and legal companies, international brokers, loss adjusters and forensic experts took part in the round-table discussion, namely: 
  • Dmitry Romani, Head of Underwriting Department, IC VTB Strakhovanie LLC, 
  • Dmitry Vasin, Head of Claims Department, IC VTB Strakhovanie LLC, 
  • Vladimir Kremer, Head of Financial Risks Insurance Department, JSC AIG, 
  • Pascal Chebrou, Senior Underwriter for Energy & Special Risks Insurance, PartnerRe, 
  • Leonid Zubarev, Senior Partner, CMS Russia legal firm, 
  • Ekaterina Kryuchkova, Deputy Director of Financial & Professional Risks Department, Aon Rus – Insurance Brokers LLC, 
  • Armen Gyulumyan, Director of Marketing & Special Projects Department, JSC Marsh Insurance Brokers, 
  • Rashid Sakhapov, Vice-President, Head of Claims Department, JSC Marsh Insurance Brokers, 
  • Mikhail Vasiliev, Head of Claims Department, Insurance Broker Willis CIS LLC, 
  • Pavel Banykin, Development Director, RusSurvey® Group, in association with Crawford & Company, 
  • Roger Barett, Director of Lloyd Warwick International, UK, 
  • Vlad Prikmeta, Director of RGL Forensics, UK. 
The host of the conference was the Delovoy Format Group; the prime sponsor was IPJSC Ingosstrakh; the event was also supported by reinsurers SCOR and TRUST RE.