VSK Insurance House

Established on the basis of the assessment by the independent national leasing market operator ‘Expert RА’, over the past few years, VSK has come to assume a leading position in the area of leasing insurance. This leadership is a result of VSK’s individualised approach with respect to each individual leasing company. The existence of integral insurance standards for leased property, developed with consideration of the particularities of each leasing company, has allowed the Company to create optimal cooperation arrangements, with more than 120 leasing companies at both federal and local levels. These companies include ‘Sberbank Leasing’, SC Interleasing’, SC ‘Baltic Leasing’, ‘Evroplan’, ‘Karkade’, ‘Raiffeisen Leasing’, ‘FB leasing’, ‘Centre Capital’ and many others. Reacting to time-related challenges, the Company has developed and successfully implemented a system for crisis-proof solutions, which are aimed at minimising the risks within the framework of a given leasing agreement. Among these features are the insurance of exempt assets, property monitoring upon its initial transfer to the leasing recipient and further monitoring of the condition of this property as provided for under the terms of the insurance agreement.

By applying the experience that the Company has gained via cooperation with many of the country’s largest banks, the VSK Insurance House has carried out work for attracting financing for leasing companies. VSK continues to actively cooperate with leasing companies, not only in terms of insurance against risks connected with the damages or the loss of leasing objects, but in putting forward applications with requests by clients who are interested in topping up their basic assets through the mechanism of financial leasing.

For the purpose of developing rules of interaction under the new economic conditions, in October 2009, VSK held a business conference entitled ‘Leasing in Russia: new strategies and urgent matters. The search for new financing opportunities’, which involved more than 600 managers and specialists from leasing companies, the producers and suppliers of bank-related equipment, banks, asset management and investment companies.