LLC “Odessa Regional Energy Supply Company” and IC “Ultra Alliance” (formerly IC “Ultra”, Kyiv) signed an agreement on voluntary medical insurance and accident insurance.
According to the Prozorro electronic public procurement system, the expected cost of purchasing services was UAH 1.3 million, the company’s price offer was UAH 771.269 million.
The tender was also attended by InterExpress Insurance Company – UAH 711.270 thousand, Misto Insurance Company – UAH 776.1 thousand, Motor-Garant Insurance Company – UAH 804.3 thousand, Europolis – UAH 963.7 thousand. UAH, Providna – UAH 1.095 million, Oranta – UAH 1.098 million, Krajina – UAH 1.141 million, TAS SG – UAH 1.289 million.
IC “Ultra” has been providing insurance services since 2004, has 17 licenses for compulsory and voluntary types of insurance.
In 2021, the insurer was confirmed with a financial strength rating of “uaAA”.
Oleksandr Buryak and Serhiy Buryak each became owners of 25% shares in PJSC Brokbiznes Insurance Company (Kyiv), according to information posted in the database of the National Securities and Stock Market Commission.
In addition, it is noted that Sergei Buryak did not previously own shares of the company, Alexander Buryak was the owner of 0.002723%.
As reported, IC Brokbusiness has been operating on the Ukrainian insurance market for more than 25 years and is represented in all regions of Ukraine. The insurer has 39 licenses for voluntary and compulsory types of insurance.
In January-June 2022, the company collected UAH 120.14 million in gross premiums, which is 3.46% more than in the same period a year earlier, made insurance payments and indemnities for UAH 29.56 million, which is 33.16% less than for the same period in 2021, and the level of payments decreased by 13.48 p.p. and amounted to 24.61%.
The equity capital of the company as of June 30 increased by 48.29% – up to UAH 135.85 million, while its gross liabilities decreased by 13.07% and amounted to UAH 121.25 million. As a result, there was an increase in the level of coverage of the insurer’s obligations by equity capital by 46.36 percentage points. Therefore, as of the beginning of the second half of 2022, equity covered 112.04% of the company’s liabilities. The volume of cash and cash equivalents amounted to UAH 117.99 million, an increase of 17.15%.
According to the results of the first half of 2022, compared to the first half of 2021, the insurer’s operating profit increased 14 times – to UAH 46.22 million, and its net profit increased almost 29 times – to UAH 44.53 million.
Busin Insurance Company (Kyiv) has resumed the operation of the largest obligatory aviation liability reinsurance contract on the Ukrainian insurance market with a limit of $550 million and an obligatory reinsurance contract for aviation CASCO with a capacity of $6 million, according to the website of the insurer.
It is also noted that the well-known syndicates of Lloyds and the world’s leading companies with a high rating of financial reliability are involved in reinsurance contracts. The obligatory program fully applies to retrocession risks, which guarantees prompt consideration of proposals and reliable coverage of risks from reinsurance partners.
SK “Busin” was registered in February 1993. Specializes in risk types of insurance. He is a member of a number of professional and industry associations: the League of Insurance Organizations of Ukraine, the National Insurance Claims Club, the International Association of Aviation Insurers (UA), the Nuclear Insurance Pool, the American Chamber in Ukraine, the British Business Club.
INGO Insurance Company provided 17% more medical services in August than in July, according to the website of the insurer.
It is also noted that the intensity of seeking medical care in August increased to 1.3 thousand per day.
In August, the company paid the insured UAH 25 million for all these services and medicines against UAH 17.8 million in July. Most of all, the IC paid for medical consultations (+21%), medicines (+22%), and instrumental diagnostics (+23). At the same time, dental care and payments for ophthalmology decreased by 3% and 8%, respectively. In addition, payments for hospitalization services (+13%) and fortification (+68%) increased.
“INGO” is a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), a member of the American Chamber of Commerce (ACC), the European Business Association (EBA) and the International Chamber of Commerce (ICC).
On September 27, shareholders of IC Veltliner (Kyiv) will consider granting the Supervisory Board the authority to give consent to transfer assistance for the needs of the Armed Forces of Ukraine within 15% of the amount of actually collected insurance payments for voluntary personal types of insurance for the period from September 27, 2022 until the date of decision by the Supervisory Board.
According to the agenda of the meeting of shareholders, published in the information disclosure system of the National Securities and Stock Market Commission, shareholders also plan not to distribute profit for 2021, not to accrue or pay dividends to shareholders, to make deductions to the reserve fund of 5% of profit for the year in the amount of UAH 73.9 thousand hryvnia and allocate UAH 1.404 million for current expenses of economic activity.
As reported, IC Veltliner has been the legal successor of PJSC European World Insurance House since 2012. It has 28 licenses for voluntary and compulsory types of insurance, and offers customers more than 100 insurance products.
From the second half of 2021, the teams of IC Veltliner were joined by the teams of three other insurance companies, of which one insurer left the market of its own accord, another was sold and changed its specialization.
