Business news from Ukraine

Business news from Ukraine

Guardian Insurance Company has been granted right to insure agricultural products with state support

The Ministry of Economy, Environment, and Agriculture, by order dated March 26, included the insurance company “Guardian” (Kyiv) in the list of insurers authorized to insure agricultural products with state support. This was announced by Taras Vysotsky, Deputy Minister of Economy, Environment, and Agriculture of Ukraine, on Friday while speaking at the “All-Ukrainian National Insurance Conference 2026” in Kyiv.

He noted that he “signed the order to include the company in this list.” Fifteen companies will be able to provide such insurance, the deputy minister added.

The ministry’s website reports that currently, the insurance companies “INGO,” “Universalna,” “VUSO,” “ARKS,” PZU “Ukraine,” and IC “Guardian” are authorized to provide such insurance.

As reported, the 2026 state budget allocates 60 million hryvnias for the first time to support agricultural insurance, for which the Cabinet of Ministers approved relevant amendments to the procedure for providing state support on December 31, 2025.

The government resolution provides for compensation of a portion of paid insurance premiums, specifically up to 60% of the cost of insurance premiums for agricultural producers operating in frontline communities, and up to 45% for other agricultural producers.

To insure agricultural products, an agricultural producer must apply to insurance companies that, in agreement with the National Bank of Ukraine, have been authorized to provide such insurance. A list of these companies is published on the Ministry of Economy’s website.

Agricultural product insurance contracts will be concluded in accordance with a list of standardized insurance products, which, in particular, provide coverage for the area of winter grain crops during the overwintering period, winter grain crops for the entire growing season, and the future grain crop harvest during the spring-summer growing season.

 

Guardian Insurance Company to insure Ukrgazvydobuvannya’s motor vehicles

PJSC Ukrgazvydobuvannya (Kyiv) has announced its intention to conclude a contract with Guardian Insurance Company for compulsory civil liability insurance for owners of land vehicles (OSAGO). According to the Prozorro electronic public procurement system, the expected cost of the services was UAH 3.131 million, and the company’s price offer was UAH 2.868 million.

Insurance company Kraina also participated in the tender with an offer of UAH 2.946 million.

Guardian Insurance Company was also the winner of a similar tender a year earlier.

 

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SK “Guardian” will insure motor transport of “Ukrkhimtransammonia”

On May 12, Ukrkhimtransammiak (Kyiv) announced its intention to conclude a tender agreement with Guardian Insurance Company (Kyiv) for compulsory motor third-party liability insurance for owners of land vehicles (OSAGO). According to the Prozorro electronic procurement system, the company’s bid was UAH 202,409 thousand against the expected cost of services of UAH 350,780 thousand.

The tender was also participated in by insurance companies Oranta with an offer of UAH 202,410 thousand and Kraina with an offer of UAH 242,4 thousand.

SK Guardian has been operating in the insurance market since 2007. According to the NBU, it is one of the top 15 risk insurance companies in Ukraine in terms of premiums collected in the first nine months of 2024.

It is a member of the presidium of the League of Insurance Organizations of Ukraine. Since January 2020, it has been a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) and is authorized to issue Green Card policies.

As reported, Guardian Insurance Company won a similar tender a year ago.

 

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