Risks of the Automotive Industry: Protection and Development

Together with members of the Russian-Asiam Union of Industrialists and Entrepreneurs (RAUIE), Vitaliy Mankevich participated in a business breakfast titled “Risks of the Automotive Industry: Protection and Development,” organized by the Union's partner, the insurance broker Remind.

Remind thoroughly analyzes business risks and develops comprehensive solutions to minimize them. The team of professionals at Remind helps establish reliable insurance coverage by creating optimal programs and assisting in selecting or designing the best insurance solutions that meet the current needs of Russian and Chinese businesses.

Experts discussed the regulation of the insurance market in Russia and China, particularly:

• The challenges of entering the Russian market under conditions that differ from global standards for the insurance market;
• Increasing sales through the application of insurance and financial instruments;
• Retail financial, insurance, and service programs for automotive manufacturers and suppliers of technology and equipment in the Russian market;
• Insurance tools for protecting the interests of directors (management) in the context of Russian realities.

Additionally, the RAUIE members had an excellent opportunity for informal communication with representatives from Chinese companies JETOUR, FAW, DONGFENG, YUTONG, and the insurance broker “Kunlun.” Participation in such events helps Union members establish closer and stronger relationships with Chinese partners for the realization of joint projects and the development of cooperation.