Business news from Ukraine

“Energoatom” announced tender for CMTPL insurance

The state enterprise “NAEK “Energoatom” (Kiev) on June 29 announced a tender for compulsory motor third party liability insurance of owners of land vehicles (MTPL).
As reported in the electronic public procurement system Prozorro, the total expected cost of 1.083 million UAH.
The deadline for submission of documents for the tender is July 11

, , ,

“Motor-Garant” and “Alfa Insurance” have suspended their licenses for CMTPL insurance

Motor-Garant Insurance Company and Alfa Strakhovaniye PJSC will lose the right to conclude new contracts of compulsory insurance of civil liability of motor vehicles owners (CMTPL) starting from December 6, 2022, according to website of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU).
It is noted that companies must fulfill their obligations under previously concluded contracts.
The Ministry of Transport Insurance Bureau notes that the reason for this decision was the application of the National Bank of Ukraine to these companies in the form of suspension of licenses for compulsory insurance of civil liability of owners of vehicles.
As reported, on December 5, the NBU suspended Alfastrakhovanie and Motor-Garant in connection with the fact that the companies did not meet the requirements of the Regulations on licensing and registration of financial services and conditions for their activities in the provision of financial services, namely the requirements for business reputation of financial services providers.
As previously reported, IC “Alfa Insurance” was founded in 2000. It offers universal portfolio of services, including comprehensive programs to protect business interests and a wide range of insurance products for individuals.
IC Motor-Garant has been operating in the insurance market since 2000 and is a part of the banking group together with Motor-Bank JSC. The ultimate beneficial owner of the company is Vyacheslav Boguslaev, who owns 83.6% of shares.

, , ,