Presently the products on insurance of ATMs and cash therein are at the top of popularity among the whole range of Ingosstrakh Insurance Company's programs for the banks. Almost all the lending institutions that have an expanded network of ATMs cover it with the insurance protection. It is noteworthy that popularity of insurance is connected not only with a high unprofitability in the above segment, but also with the fact that the purchase of an insurance policy is much cheaper than the installation and service of security systems.

Currently more than 19 thousand of cashed ATMs are under insurance with Ingosstrakh Insurance Company. The company paid the insurance compensation in the amount exceeding one hundred million roubles for 2012.

The content of ATMs is attractive for criminals, however there was another uneasy trend for the past two years -the number of armed assaults against the banks' offices and number of thefts of valuables from them grew up significantly.

Somewhat such situation is related to an active expansion of the banks' regional networks. For the purpose of economy, many banks wend the way of simplification of the technical equipment of clientele work points. In this view, one of the most demanded insurance services is the program to insure the valuable assets in the banks' offices to make them registered with the Central Bank. The Russian Federation Central Bank puts on strict regulatory requirements to technical protection of banking offices, however allows the banks deviating from the set regulations, provided that they have the valuable assets insurance agreement.

Besides the outer menaces, the banks face corporate frauds. It goes about the losses of hundreds of million roubles. One of the most wide-spread example lies in the credit schemes, when a bank's employee, the office or branch manager as a rule, enters into a collision with third persons and steals the money through conclusion of fake loan agreements.

The forthcoming effectuation of the ninth article of the Federal Law No. 161 [On the National Payment System □ has become a relatively new reason that makes the banks thinking about the additional security. According to the aforesaid article, the cash remittance operator will have to reimburse the amount of any transaction as made without the customer's consent, unless the operator proves that the customer has facilitated the remittance of cash. Such provision will simplify the life of good faith clientele of the banks, but makes the operation of financial institutions more difficult, whereas we might expect a growth of claims against the banks, including from the side of frauds, for whom the □ules of the game [may go trivialized, unfortunately.

In terms of the forthcoming changes, Ingosstrakh Insurance Company has resolved to expand the list of offers on the banks' risks insurance. Now the banks are able to insure their civil liability against the customers in case money is withdrawn from the customer's card in an illegal way. The ninth article of the law will take the effect in 2014, so the financial institutions still have time to specify their position as to the way they will take under the modified conditions of operation, and to choose the potential partner for insuring the above risks.

Ingosstrakh Insurance Company is one of the leaders in the Russian market for the banking risks insurance. The list of our largest partners includes the governmental lending entities, international banks represented in Russia, as well as the commercial banks, including the wide network of the regional banking players. The company pays special attention to the contractual base, including towards the transparency, convenience and non-sophistication of the insurance documents. The company bears the liability to the customers for the full amount of potential losses owning to a high financial stability, great amounts of own funds and reliable re-insurance programs.