LEXGARANT Insurance Company has become an official member of the Russian Asian Union of Industrialists and Entrepreneurs

LEXGARANT Insurance Company has joined membership in the Russian Asian Union of Industrialists and Entrepreneurs (RAUIE).

“Today Asian countries such as China, Philippines, Mongolia, India, Korea are the fastest growing and most innovative economies of the world. Due to this we have a strong interest in enhanced cooperation with Asian countries, particularly with China. Earlier the financial regulator represented by the Central Bank of China endorsed LEXGARANT as the reinsurance company for Chinese reinsurance risks”, - the Deputy Director General Ivan Udovin mentioned.

Among areas of co-operation the Insurer is going to develop with RAUIE there are: assistance in enhancing Russian-Asian co-operation, enabling a supportive investment climate for Russian companies in Asian countries, looking for effective forms of working in the field of insurance and reinsurance as well as in issues of the reciprocal integration of Russian and Asian companies in the economic sphere.

Information: the Russian Asian Union of Industrialists and Entrepreneurs (RAUIE) was registered in 2010 for implementation of state cooperation programs aimed at strengthening of cooperation with Asian countries. RAUIE creates a favorable environment for investments, provides support in attraction of Asian investments and establishment of joint ventures. RAUIE helps Russian companies to enter the Asian markets and to overcome intercultural barriers in cooperation with partners.