Business news from Ukraine

Business news from Ukraine

“INGO” paid UAH 20 mln for losses from air attack in Kiev

4 March , 2025  

INGO Insurance Company has paid UAH 20 mln to Irpen-Budproekt-Plus LLC, which belongs to Dragon Capital group companies, under the contract of comprehensive insurance of legal entities’ property with coverage of military risks.

According to the insurer’s information, the office complex with underground parking with the area of 10629,9 sq. m., located in Kyiv at 98 Bolshaya Vasilkovskaya Street, was damaged on December 20, 2024 as a result of the aggressor’s air attack on the capital. As a result of the falling debris of the missile, the upper floors ceilings, external and internal finishing of the premises, the facade of the building and engineering communications were damaged. The accident was qualified as insured.

According to Alexander Kolpakov, Head of Property Losses Settlement Department of IC INGO, the company’s specialists drew up the case materials as quickly as possible, coordinated with the relevant departments and sent it for payment. It took 7 calendar days for actual payment to the client’s bank account.

It is also reported that reinsurance of 50% of risks was provided by Oranta, for which property insurance against military risks is still a new direction.

“But now this direction is a critical tool for business protection in Ukraine. Therefore, we will continue to support insurers, providing them with financial stability in difficult conditions”, – said the Chairman of the Board of ‘Oranta’ Incorporated Jacek Meizner.

The company “Dorada Partners Insurance Brokers” was engaged in the support of the insured object.

Over the last two years INGO has insured more than 5 thousand private objects, more than 2 thousand transportations, thousands of cars and several hundred objects of legal entities against war risks.

INGO Insurance Company JSC holds licenses for 18 classes of insurance and has been providing insurance services to both individuals and companies for 30 years. Its network covers 25 branches, 5 outlets and 9 customer service centers operating in all regions of the country. The company is among the largest insurance companies in Ukraine in terms of premiums, the size of its own assets and the amount of insurance claims paid.

Since 2017, the main shareholder is the Ukrainian business group DCH.

Dragon Capital is one of the largest investors in commercial real estate in Ukraine. The company’s portfolio includes 25 objects with a total area of 560 thousand sq. m., including business centers, warehouses and retail real estate.