The Main Directorate of the State Service of Ukraine for Emergency Situations in the Zhytomyr region and IC “Universalna” (Kyiv) signed an agreement for the purchase of services of compulsory insurance of civil liability of owners of land vehicles (OSAGO) in the amount of 261 units.
According to the Prozorro electronic public procurement system, the expected cost of purchasing services was UAH 590,963 thousand, the company’s price offer was UAH 306,328 thousand.
The IC “Kraina” took part in the tender with a price offer of 305 thousand UAH and MK “Prince VIG” – 353.1 thousand UAH.
As reported, IC “Universalnaya” has an international composition of shareholders, in particular, the European Bank for Reconstruction and Development (owns 30% of shares) and Fairfax Financial Holdings Limited (owns 70% of shares).
On October 20, the National Bank of Ukraine fined IC Ekta (Kyiv) ODO for late provision of information and documents in full at the request of the regulator, according to the NBU website.
It is also noted that the insurance company must pay a fine (the amount is not specified – IF) within seven working days from the date of receipt of the relevant decision of the regulator to impose a fine.
The decision to apply the enforcement measure comes into force on October 21, 2022.
As reported, on August 19, 2022, the National Bank of Ukraine applied a measure of influence to the company in the form of a temporary suspension of licenses to carry out insurance activities for violation of mandatory financial standards (solvency, capital adequacy and risk of operations).
The regulator clarified that the violations were detected based on the results of the analysis of the reporting of the UK for the first quarter of 2022. The insurer had to eliminate the violations by September 20, 2022.
IC “EKTA” was registered in 2018 and specializes in risk insurance.
In the first half of this year, the insurer collected UAH 94.2 million of insurance payments and paid out UAH 6.5 million of insurance payments. The authorized capital is UAH 37 million.
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).
