State Aviation Enterprise (SAE) “Ukraine” (Boryspil, Kyiv Oblast) announced on May 18 its intention to enter into a contract with PJSC “Ukrainian Fire and Insurance Company” for civil aviation risk insurance.
According to the Prozorro electronic public procurement system, the total expected cost of the services is 37.669 million UAH, while the bid submitted by the company—the sole tender participant—is 37.345 million UAH.
UPSK PJSC was registered in 1993. It specializes, in particular, in motor vehicle insurance, financial risk insurance, travel insurance, property insurance, cargo insurance, and baggage insurance. According to the company, Alexander Mikhailov owns 99.999% of the insurer’s shares. According to the National Bank of Ukraine (NBU), the company ranks 16th among Ukraine’s non-life insurers in terms of premiums collected in 2025.
