INGo Insurance Company (Kiev) expanded its possibilities for apartment insurance by increasing the range of dangerous situations, such as damage to windows, balconies and loggias as well as military risks that were traditionally not included in property insurance programs for citizens, according to a press release from the insurer.
As noted, individuals who buy a property insurance policy can now be confident in protecting their property even in difficult wartime conditions.
“Such causes of destruction of buildings as shells, missiles, mines, balloons, etc., and consequences of explosions – broken glass and other damage to real estate – have always belonged to the list of exceptions, which exempted insurers from paying compensation to victims. However, now that the country is in martial law, we have decided to give people the opportunity to protect their property from these risks as well,” says director of retail business of the company Nikolai Matika, who is quoted by the press service.
It is specified that insurance coverage applies to both movable and immovable property of the apartment (decoration, repairs, engineering and other communications, furniture, appliances and other equipment, etc.), and liability to neighbors (or other persons).
It is possible to insure apartments that are located in a residential building that has been commissioned, upon completion of repair and reconstruction works in the premises. The insurance amount can be chosen at your discretion and varies from UAH 250 thousand up to UAH 2 mln. Besides, losses, which are the result of “war risks”, will be compensated according to the terms of the contract within the insured sum without additional sublimits.
According to the press service, you can get an insurance policy “Apartment Express” for a short term from one month – or for a standard period of one year. Insured can be individuals and legal entities – owners or tenants. There is no need to carry out a preliminary inspection to conclude an agreement and insignificant losses – up to 30 thousand UAH – are regulated by a simplified procedure that requires minimum documents.
JSC “Insurance company “INGO” has more than 25 years of experience in the market.
Since 2017, the main shareholder of the company is the Ukrainian business group DCH Oleksandr Iaroslavskyi.
The company is included in the list of the largest insurance organizations of Ukraine in terms of premiums, the size of its own assets and the amount of claims paid. It has 29 licenses for different types of compulsory and voluntary insurance and provides insurance services to corporate and retail clients. 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) of the National Association of Insurers of Ukraine (NASU) and the International Chamber of Commerce (ICC).
Dobrobut Medical Network in partnership with INGO Insurance Company launched a project of voluntary health insurance program “Dobropolis”.
As it is said in the press release of “Dobrobut”, the program will operate in acute conditions and will cover stroke, acute myocardial infarction, acute coronary syndrome, acute inflammation of gall bladder, acute inflammation of pancreas, trauma and fractures, appendicitis, kidney and liver colic, exacerbation of some chronic diseases.
Dobrobut Medical Network is one of the largest private medical networks in Ukraine. The network includes 17 medical centers in Kiev and Kiev region, an emergency service, dentistry and pharmacy. Network medical centers provide services to children and adults in more than 75 medical fields. Annually experts of “Dobrobut” carry out more than 7 thousand operations. The network has over 2,800 employees.
The network collaborates with a number of international charities Direct Relief International, Children of War Foundation, International Medical Corps and University of Miami Global Institute as well as the Dobrobut Charitable Foundation founded by the clinic.
Since the start of the full-scale war, the Dobrobut Foundation has provided medical assistance to Ukrainians for more than 16 million hryvnias.
JSC “Insurance company “INGO” has more than 25 years of experience in the market. Since 2017, the main shareholder of the company is the Ukrainian business group DCH Oleksandr Iaroslavskyi.
The company enters the list of the largest insurance organizations in Ukraine in terms of premiums, the size of its own assets and the amount of claims paid. It has 29 licenses for different types of compulsory and voluntary insurance and provides insurance services to corporate and retail clients.
It 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), the National Association of Insurers of Ukraine (NASU) and the International Chamber of Commerce (ICC).
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).
INGO Insurance Company (Kyiv) in January-June 2021 collected more than UAH 966 million in insurance premiums, which is 26% more than in the same period in 2020.
According to the company, in the first half of this year, more than UAH 416.5 million were paid to customers, more than 92,000 insurance events were settled.
The formed insurance reserves of INGO as of June 30, 2021 amounted to more than UAH 1.226 billion, which is 13% more than on the same date a year earlier, the cost of highly liquid assets – UAH 1.929 billion.
The actual solvency margin is UAH 687.1 million, which exceeds the norm by UAH 390.3 million.
The company’s net worth is UAH 32.950 million (more by 5%), the charter capital is UAH 305.543 million.
INGO Insurance Company has more than 25 years of experience in the market. Since 2017, its main shareholder has been DCH business group of Oleksandr Yaroslavsky.
The company has 28 licenses for various types of compulsory and voluntary insurance, and provides insurance services to corporate and retail clients.
INGO is a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), a member of the American Chamber of Commerce, the European Business Association and the International Chamber of Commerce.
INGO Insurance Company (Kyiv) in January-June 2020 collected more than UAH 766 million of insurance premiums, which is 2.3% more than in the same period a year earlier, according to a press release from the insurer.
It is noted that premiums for motor insurance amounted to more than UAH 341 million, personal insurance more than UAH 237 million, complex insurance (property and liability) more than UAH 155 million, special lines almost UAH 30 million, other types more than UAH 2.7 million.
The company reports on the continued high dynamics of annual growth in demand for health insurance. The current situation with COVID-19 has only increased the importance of health protection, so insurance premiums and voluntary medical insurance payments are steadily increasing even in the conditions of a “quarantine” economy. Monthly sales are growing by 20-25% compared to previous months, and up to 40% compared from 2019.
The decline in demand in the corporate segment of motor insurance from INGO began at the end of March and reached its peak in April (minus 45% compared to the same period in 2019). At the same time, in May and June the deferred demand worked and the indicators for KASKO recovered to the level of 2019. There was no reduction in business activities in the OSAGO segment.
Sales of Green Card insurance contracts and insurance of people traveling abroad have dropped significantly.
The company notes that due to changes in legislation on alternative energy, the volume of construction of new solar and wind plants has significantly decreased. The development of the industry, which was the driver of growth in property insurance in 2019, actually stopped. At the same time, there is a noticeable increase in infrastructure construction (roads, bridges).
INGO Ukraine insurance company (Kyiv) collected more than UAH 410 million of insurance premiums in January-March 2020, which is 19% higher than in the same period in 2019.
The insurer said in its press release that transport insurance accounts for more than UAH 167 million, life and personal health insurance is more than UAH 145.3 million, package insurance (property and liability) is more than UAH 69.9 million, special types (carriers liability insurance, shipping and forwarding agents, airlines, ship owners, full comprehensive insurance of aircraft and sea vessels, etc.) are more than UAH 26.7 million, other types are more than UAH 1.1 million.
According to the company, more than UAH 194 million (25% more) was paid to customers, more than 46,500 insurance accidents were settled in the first three months of 2020.
Formed actuarial reserve of INGO insurer as of March 30, 2020 amounted to more than UAH 1.092 billion, the value of net assets was UAH 668,094.
The indicator of positive net assets over the charter capital meets the requirements of the law and amounts to UAH 362.551 million. The actual solvency margin is UAH 626.087 million, which exceeds the standard inventory by UAH 371.599 million.
Chairman of the Supervisory Board Ihor Hordienko said that taking into account the experience of previous crisis periods, the company developed several scenarios of the crisis bailout plan, in accordance with which costs will be optimized.
In general, today the operational efficiency of the insurance company has increased. Some 75% of employees work remotely, some 25% works in offices, supporting the technical infrastructure and critical regulations. Communication with customers, contractors, and partners is remote. In the same mode, the work of most subdivisions is carried out. As a result, internal cashless and paperless projects have accelerated and have already reached the level of cashless transactions and electronic document flow, which was expected at the end of 2020.
JSC INGO Insurance Company has more than 25 years of experience in the market. Since 2017, the main shareholder of the company has been the Ukrainian business group DCH belonged to Oleksandr Yaroslavsky.
