Business news from Ukraine

Business news from Ukraine

MTPL insurance for vehicles of State Service for Special Communications and Information Protection will cost 2.9 times cheaper than planned by tender

On January 20, the State Service for Special Communications and Information Protection (SSSPZZI) announced its intention to conclude a contract of compulsory civil liability insurance of owners of land vehicles (MTPL) with IC “VUSO” (Kiev)

As reported in the system of electronic procurement Prozorro, the company’s price offer amounted to UAH 289.5 thousand against UAH 850.7 thousand of the expected cost of purchasing services.

The tender was also attended by the insurance company “Guardian” with a proposal of UAH 381.2 thousand, “Arsenal Insurance” with a proposal for a hryvnia more than that of ‘Guardian’, and IC “Unica” – UAH 666.6 thousand.

 

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MTPL insurance for ”Lvivvodokanal“ from “VUSO”: contract for 1.2 million hryvnias

On January 6, Lviv municipal utility enterprise “Lvivvodokanal” announced its intention to conclude a contract of compulsory insurance of civil liability of owners of land vehicles (MTPL) with IC “VUSO” (Kiev).

As reported in the system of electronic procurement Prozorro, the company’s price offer amounted to UAH 1.161 million against UAH 1.796 million expected cost of purchasing services.

Insurance company Kraїna with a proposal of UAH 1.177 mln and SG TAS with UAH 1.4 mln also took part in the tender.

 

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Trolleybuses in Nikolaev will be insured in “VUSO”

KP MGS “Nikolaevelectrotrans” on December 31 announced its intention to conclude a contract with IC “VUSO” for the purchase of services of compulsory insurance of civil liability of owners of land vehicles (trolleybuses).

According to the message in the system of electronic public procurement Prozorro, at the expected cost of purchase of services of UAH 818,5 thousand the price offer of IC “VUSO” amounted to UAH 660,1 thousand.

Insurance companies “Oranta” – UAH 790,4 th, “Arsenal Insurance” – UAH 796,9 th participated in the tender.

 

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More than UAH 20 mln of IC “VUSO” profit will be used for dividends

Shareholders of IC “VUSO” (Kyiv) at the meeting from December 4 to 9 have decided to allocate UAH 20.013 mln of confirmed retained earnings for 2024 to dividends.

As the company reported in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), the rest of the profit for 2024 in the amount of 98.811 mln is planned to be left undistributed.

The company also reports that dividend payments will be made at the rate of UAH 0.73 per share. Payment of dividends will be made in full directly to shareholders in the manner prescribed by law within six months from the date of adoption of the relevant decision by the general meeting of shareholders.

As reported, the company’s net confirmed retained earnings for 2024 amount to UAH 118.824 mln.

The company in 2024 collected UAH 3.462 billion of gross premiums, which is 29.3% more than for 2023, net premiums increased by 25.55% to UAH 3.105 billion and net earned premiums by 15.83% to UAH 2.737 billion.

IC “VUSO” for 2024 has paid out UAH 1,414 billion to clients, that is by 45,40% higher than the volume of insurance payments and indemnities for 2023. Thus, the level of payouts has increased by 4,52 percentage points – up to 40,85%.

Assets of the insurer as of January 1, 2025 have grown by 25,76% – to UAH 1,917 billion, shareholders’ equity – by 22,45% – to UAH 755,839 million, liabilities – by 28,01% – to UAH 1,161 billion, cash and cash equivalents – by 36,09% – to UAH 758,730 million.

IC “VUSO” was founded in 2001. It is a member of ITSBU and UFS, a participant of the Agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.

 

IC “VUSO” will create two new branches

On September 22 the Supervisory Board of Insurance Company “VUSO” (Kyiv) has decided to create Obolon branch (Kyiv) and Stryi branch (Stryi, Lviv region), as it is reported in the insurer’s information placed in the system of NCSSM.

It is specified that the decision has been made in order to expand representation in the region.

The separate subdivision will conclude insurance contracts, provide consultations to consumers, take part in settlement of claimed events.

K “VUSO” was founded in 2001. It is a member of MTSBU and NASU, a participant of the agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.

 

VUSO insurer turned out to be only bidder for 134 mln hryvnia VHI tender of Oschadbank

On July 17, JSC “Oschadbank” opened the bidders’ offers for voluntary medical insurance of employees. As reported in the system of electronic public procurement Prozorro, the offer of the only bidder – IC “VUSO” – amounted to 134.285 million UAH. The expected cost of purchasing services is UAH 134.3 mln.

As it was informed, the winner of the similar tender a year ago was also IC “VUSO” with the price offer of UAH 114,2 mln against the expected cost of UAH 114,8 mln.

IC “VUSO” was founded in 2001. It is a member of MTSBU and NASU, a participant of the agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.

 

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