The largest private clinics in Ukraine expect that the health insurance sector will recover, despite its significant decline due to the war, have restructured their work with insurance companies.
According to the assessment of the medical group of companies (MGC) “Adonis”, the volume of the health insurance market by the equation with 2021 decreased by 30-40%.
“In 2022, Adonis MGC has been loyal to working with insurance companies. We met our obligations and agreements that existed at the time of the full-scale invasion on February 24, 2022. This allowed the insurance companies to meet the terms of the corporate insurance programs,” said Adonis.
Adonis notes, however, that there have been delays in payments for medical services performed since the war began, but the IGC “allowed insurance companies to accept insureds at our medical centers and this allowed the situation to even out.”
“Since February 2022, both Adonis Medical Group Company (MGC) and the insurance companies have restructured their operations and adapted to the circumstances. All insurance companies have found a way to settle with us for prior periods. Many companies have established a process of settlement and payment in a very clear and timely manner. This gives hope that together we will be able to increase the number of insured patients and help even more Ukrainians”, – stressed in “Adonis”.
The MGC noted that “some insurance companies have left the market, but “Providna”, UNIKA, “Ukrainian Group”, ARCS, “Kraina”, “Universalna”, “SOS Service”, the European Insurance Union, UCO, INGO work stably and coherently”.
In turn, the director of corporate sales of the medical network “Dobrobut” Dmitry Grossoo also noted that the share of insurance patients in total sales of “Dobrobut” before the war in 2022 was 25%, while in 2021 – 20%.
“The share of corporate customers in 2022 is up 25% over 2021. This is because the ‘subscription’ format for services has proven to be more sustainable than one-time referrals,” he said.
Gross said that in 2022 corporate insurance programs, about 20% of customers did not renew insurance for a variety of reasons, but “there were customers who were first-time insured who thought it was very important today.”
Commenting on delays in payments under corporate clients’ health insurance programs, the expert noted that “nurse partners have shown themselves to be at their best when it comes to financial discipline during a difficult period for everyone.”
“Our corporate clients have no problem debts to Dobrobut Medical Network,” he said.
Commenting on the prospects for the post-war recovery of the corporate health insurance sector, Grossoo stressed that the development of this sector in Ukraine because of the war continues.
“This is confirmed by the constant, albeit small, dynamics. Difficult times give rise to strong decisions, which become the foundation for growth,” he stressed.
The construction of a building technology campus of Kingspan, an Irish manufacturer of energy-efficient insulation technology, is scheduled to start in 2024, and the company has already started looking for a site in the Lviv region because of its proximity to the border, according to a UkraineInvest press release on Thursday.
According to it, the campus will include six production areas, including the production of insulation materials and district heating solutions. The campus will produce construction products with high added value. The project includes a green, low-carbon manufacturing facility.
Kingspan is reportedly investing more than EUR200 million in the construction. Construction will take about five years. The implementation of the project will create 600-800 new jobs.
Kingspan was founded in 1965 in Ireland, specialized in production of building solutions for building envelopes (roofs, walls, facades), as well as protective walls, cold doors, high-tech solid urethane and solid phenolic thermal insulation for roofs, walls, floors and pipelines. It operates 200 production facilities around the world. The company came to Ukraine in 2005.
In April 2022, Kingspan announced the completion of its exit from the Russian business. Russia accounted for less than 1% of the company’s global operations. It also donated $750,000 to UNICEF to set up five Blue Dot centers to help refugees on the Ukrainian border.
UkraineInvest, the Investment Attraction and Support Office of the Cabinet of Ministers of Ukraine, provides organizational and advisory support for investors to prepare projects for implementation.
Anthony Marino was elected chairman of the supervisory board of Naftogaz of Ukraine at a meeting on Friday, Alexei Chernyshov, head of the company’s board, said on Facebook.
“Just now at a meeting of Naftogaz’s supervisory board, its chairman was elected. I salute Anthony Marino on his election!”, – wrote the head of NAC.
“Anthony (USA/Canada) has significant management experience. He is currently president and CEO of (Canadian – IF) energy company Tenaz Energy. Prior to that, he served as executive director, president and CEO of Vermilion Energy, an international hydrocarbon exploration and production company,” Chernyshov noted.
Morino served on the supervisory boards and boards of directors of six companies and organizations from 2002-2020.
“I am sure that his many years of experience in hydrocarbon exploration and production will help our group of companies to achieve the best results,” the head of Naftogaz stressed.
Chernyshov said the reinstatement of Naftogaz’s supervisory board at a time when Ukraine’s energy system is being tested through a full-scale war is an extremely important development.
“Anthony Marino is an upstream specialist with more than 38 years of experience in the oil and gas industry. He is a U.S. and Canadian citizen,” added Naftogaz in Telegram.
He has served as executive director, president and CEO of Vermilion Energy, an international hydrocarbon exploration and production company with a market capitalization of $4 billion.
On February 9, Khmelnytskyi communal enterprise “Elektrotrans” announced a tender for voluntary civil liability insurance for owners of land transport and compulsory civil liability insurance for owners of land vehicles (MTPL), according to the electronic public procurement system Prozorro.
In addition, the lots were announced for compulsory insurance against accidents in transportation, compulsory insurance services for departmental and rural fire departments and members of volunteer fire brigades.
The expected cost of purchasing services is 690 thousand UAH.
The security of the tender offer is not required.
The deadline for submission of bids is February 17.
The contract on the merger of UJSIC “ASKA” (Zaporizhzhia) to IC “VUSO” (Kiev), as well as the relevant transfer act is planned to approve the shareholders of IC “VUSO” at the meeting on March 14 of this year, reported in the agenda of the shareholders’ meeting, placed in the information base of the National Commission on Securities and Stock Market (NSCBM).
It is also planned to consider the issue of approval of the decision on the issue of shares for the purpose of converting the shares of UASKA to the shares of VUSO Insurance Company, to which the accession is carried out.
As reported, at the end of November 2021 Renat Akhmetov’s investment company SCM reported reaching preliminary agreements on the sale of UJSIC “ASKA” to shareholders of IC “VUSO”. The National Bank on December 22 has agreed the purchase of 99,593% of “ASKA”, as well as 62,2156% of the shares of Private JSC “Insurance company “ASKO-Donbass North” (Druzhkovka, Donetsk region), in which 62,4699% belonged to “ASKA”.
UJSIC “ASKA” is the first private insurance company which has appeared in independent Ukraine, and has been working for already more than 30 years. It belonged to the portfolio of international investment company SCM. On December, 22nd, 2021 NBU decided to cancel 34 its licenses for insurance, except the license for obligatory insurance of civil liability of motor vehicles owners (OSAGO) on the basis of the submitted application.
IC “VUSO” was founded in 2001. Nowadays it owns 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance. It is represented in all regions of Ukraine.
London and Kiev intend to co-host the Ukraine Reconstruction Conference scheduled for June, according to a joint British-Ukrainian declaration issued Wednesday.
“We will co-host the Ukraine Recovery Conference in London on June 21-22. The UK will continue to provide Ukraine with access to British private financing, insurance, technical expertise,” the document, which was adopted following talks between British Prime Minister Rishi Sunak and Ukrainian President Vladimir Zelensky, stressed.
At the same time, the British side recalled that over the past 12 months “military, humanitarian and economic aid from the UK to Ukraine amounted to almost 4 billion pounds”.
As reported, the last conference on the reconstruction of Ukraine was held in Lugano (Switzerland) in early July 2022, and then it was announced that in 2023 a similar conference will be held in London.
