Russia started on the way to a market economy and democratisation of political life less than 20 years ago. For many years of the socialist-planned economy, we did not know about trade and stock exchanges, hedging and factoring and of course, we did not understand the role of risk management.
I was elected as a president of RusRisk 11 years ago when our association was created by representatives of professional business communities, banks and insurance business. At that time, these people knew little about risk management and did not understand its importance for management and business efficiency, but they wanted to learn. Continue reading