Business news from Ukraine

Business news from Ukraine

INGO insured Antonov JSC’s risks for almost UAH 4 million

Antonov JSC (Kyiv) announced on June 13 its intention to conclude a contract with ASK INGO (Kyiv) for civil aviation risk insurance services (insurance classes 1, 5, 11), according to the Prozorro electronic procurement system.

INGO’s price offer was €3.991 million, with an expected value of €4.006 million.

As reported, insurance classes 1, 5, and 11 cover aircraft insurance, aviation carrier liability insurance for damage caused to passengers, baggage, cargo, and mail, and commercial civil aircraft operator liability insurance for damage caused to third parties. The company was the only participant in the tender and also the winner of a similar tender a year earlier. INGO Insurance Company has been providing insurance services for 30 years. Since 2017, the Ukrainian business group DCH has been the main shareholder.

 

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