Korean reinsurance company Future Re plans to enter the Russian market
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On July 20, a representative of the Korean reinsurance company Future Re, Shin Jung Chol, met with some Russian insurance companies. According to the All-Russian Union of Insurers (VSS), Sin Jung Chol announced plans of companies to enter the Russian market.
“The company plans to expand its business and enter the Russian insurance market. In this connection, I would like to establish business contacts with Russian insurance companies that are members of the ARIA,” the statement says. press release VSS.
At the meeting, a representative of the Future Re Company offered the members of the ARIA “their reinsurance capacities” for property insurance against emergencies, as well as against marine and construction and installation risks. Representatives of Russian insurance companies, according to the message of the BCC, have agreed on further cooperation with the Future Re Company.
Future Re Company provides reinsurance services in the fields of maritime transport, agricultural production, government projects for the construction of residential buildings. Since 2022, the company has been developing the use of innovative technologies. Pure profit of the company in 2022 amounted to more than $900 thousand.
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