Business news from Ukraine

FREE LIFE AND KNIAZHA LIFE VIG INSURER SIGN AGREEMENT ON COOPERATION

8 August , 2017  

KYIV. Aug 8 (Interfax-Ukraine) – Kniazha Life VIG insurance company in July 2017 signed an agreement on cooperation with a new partner, Free Life (Dnipro), which provides consulting services for registration of life insurance programs.
According to the website of the insurer, the decision on cooperation was made taking into account the branched client base in all the regions of Ukraine and the compliance of the further development strategy of the partner with the strategic objective of Kniazha Life VIG.
PJSC Kniazha Life VIG was established in 1999, It specializes in life insurance.
As reported, in 2016 the insurance company increased premium collection by 16.17% compared to 2015, to UAH 85.799 million from UAH 73.857 million, insurance claim fee payments by 2.4 times, to UAH 6.418 million.