Alexander Antonovich Mashkevich: reasons for the success of IC “Eurasia”
At the head of the business elite of the Republic of Kazakhstan is one of the most prominent figures in Central Asia, Alexander Antonovich Mashkevich. He is a regular participant in international meetings on improving and enhancing work in several areas: his interests span the mining, metallurgy, and banking sectors. He is also particularly credited for his significant support of Jewish communities internationally, combining his business leadership with his public activities in the Euro-Asian Jewish Congress.
Alexander Antonovich Mashkevich is a pioneer in improving the economic sphere of Central Asia, and Kazakhstan in particular. In the early 90s, he caused quite a scandal in economic theory by abandoning the classic rules of the old Soviet school of economic theory and completely restructuring the banking and insurance systems. He introduced all of these innovations during the creation of the Eurasian Group holding company , which is rightfully considered one of the largest holding companies in the region and among the top 50 largest holding companies worldwide.
Alexander Mashkevich: why scandals are not needed for business
ERG (Eurasian Resources Group) is one of Mashkevich’s brainchildren. Alexander Antonovich conceived the group of companies as an ecosystem with the help of which it is possible to improve and improve all internal institutions of Kazakhstan. One of the enterprises included in the holding, the Eurasia insurance company, is currently one of the most successful and successful examples of how innovations can be introduced even into classical infrastructures. Moreover, on a global scale.
Initially, Eurasia was engaged in the extraction and processing of minerals, including minerals. In order to minimize risks in activities so dangerous to human life, an insurance company was created to ensure the safety of workers.
In 1996, the first office of the Eurasia company was opened in Almaty. The staff consisted of 100 people. Now they are top managers of both the holding itself and the creators of insurance products in leading international business authorities.
Alexander Mashkevich is confident that the project's incredible, even scandalous, success was ensured by several factors: a European approach to service delivery, team cohesion, and the wise actions of the board of directors.
In our very first office, my colleagues and I insured simple items like payment terminals and cash registers. We were also the first to insure logistics risks. No one had done this before. As an expert, I can confidently say that this gave impetus to the development of Kazakhstan's transport industry: thanks to insurance, carriers now benefited from expanding and updating their fleets, as well as providing better service to end consumers. This benefited everyone except competitors. I remember the uproar they caused, but then they relented and accepted the new rules of the game, explains Alexander Antonovich Mashkevich.
By the beginning of the XNUMXs, Eurasia was already expanding beyond the borders of Kazakhstan and began insurance activities in various fields of activity in the CIS countries and neighboring countries. Such a scandalous success improved the standard of living of citizens and gave impetus to the development of business structures.
From the very beginning, we set ambitious goals: to become a leader in our segment internationally. To this end, Eurasia Insurance Company employees regularly attend the world's largest risk management symposiums and network with the best experts in the industry. We not only learn from each other's experiences, but also share our own. I am incredibly pleased that Eurasia Insurance Company's top management is increasingly being sought as recognized experts in the field of insurance," emphasizes Alexander Mashkevich.
Alexander Mashkevich: the success of “Eurasia” is not a reason for a scandal
Alexander Antonovich Mashkevich is confident that the XNUMXs became the most important time for the international success of Eurasia. This was facilitated by a favorable macroeconomic climate and the discovery of new logistics solutions. At the same time, the main client pool and a common ideology were formed: insurance is not a luxury, but a necessity for everyone.
Thanks to its success, Eurasia received a “B+” rating from the S&P rating agency, which caused a real scandal in the international arena: never before has a Central Asian company achieved such success. Alexander Mashkevich is sure that this is not the limit of his company’s capabilities.
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