Business news from Ukraine

Business news from Ukraine

Ukrainian Chamber of Commerce and Industry proposes introducing military risk insurance to protect investors, says CCI President Chizhikov

The Ukrainian Chamber of Commerce and Industry is advocating the creation of military risk insurance mechanisms for exporters and investors. As Chamber President Gennady Chizhikov said in an exclusive interview with the Interfax-Ukraine news agency, this will stimulate the return of international capital to the Ukrainian economy.

“This is critically important in times of instability. Investors need to see predictability and have guarantees that their assets will be protected. We are putting together proposals for the government and international partners,” he said.

For more details, see the interview at https://interfax.com.ua/news/interview/1069297.html

 

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NBU has selected European Insurance Alliance as insurer for compulsory motor third-party liability insurance

On May 1, the National Bank of Ukraine (NBU) announced its intention to conclude an agreement with the European Insurance Alliance insurance company for compulsory motor third-party liability insurance (CMTPL) and accident insurance for drivers (AI), according to the Prozorro public procurement system.

The company’s price offer was UAH 641,587 thousand against the expected cost of purchasing the services – UAH 1.044 million.

The tender was also participated in by insurance companies VUSO, whose offer was 28 kopecks higher, and Guardian Insurance Company – UAH 899,940 thousand.

As reported, SK Guardian was the winner of a similar tender a year earlier.

European Insurance Alliance PJSC has been operating in the Ukrainian insurance market since 1994. It is a member of the MTIBU Audit Commission, a participant in the agreement on direct settlement of losses under compulsory civil liability insurance for owners of land vehicles, and a member of the Nuclear Insurance Pool of Ukraine.

The company offers 30 types of voluntary and compulsory insurance, including property, motor vehicle, liability, and personal insurance.

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“VUSO” will insure vehicles of Odessa ”Gorzelentrest”

The municipal enterprise “Gorzelentrest” (Odessa) has announced its intention to conclude a contract with IC “VUSO” for the purchase of compulsory insurance of civil liability of owners of land vehicles (OSAGO). According to the message in the system of electronic public procurement “Prozorro”, the price offer of the company, the only participant of the tender, amounted to UAH 567,814 thousand at the expected cost of UAH 591,780 thousand.

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

 

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IC “Guardian” will insure vehicles of patrol police under MTPL for UAH 8.15 mln.

On April 17, the Patrol Police Department announced its intention to conclude with IC “Guardian” (Kiev) a contract of compulsory insurance of civil liability of owners of land vehicles (MTPL) for 1,585 units.

As reported in the system of electronic public procurement Prozorro, the company’s price offer amounted to UAH 8.147 million against the expected cost of purchasing services of UAH 8.384 million.

The company was the only bidder.

IC “Guardian” is a member of the Presidium of the League of Insurance Organizations of Ukraine. Since January 2020 it has received the status of a full member of the ITSBU, has the right to sell “Green Card” policies.

In October, 2020 by the decision of the general meeting of members of the Nuclear Insurance Pool of Ukraine IC “Guardian” became its member.

 

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UDO announces tender for car fleet insurance for UAH 2.65 mln

On April 18, the State Protection Department (UDO) of Ukraine announced a tender for the purchase of voluntary motor vehicle insurance (CASCO), according to the Prozorro electronic public procurement system.

The expected cost of the services is UAH 2.653 million. No bid security is required.

The deadline for submitting bids is April 28.

The winner of a similar tender a year earlier was Ultra Alliance Insurance Company.

 

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“VUSO” will insure motor transport of ”Kharkivoblenergo”

On March, 22nd Kharkivoblenergo JSC has announced about the intention to conclude with IC VUSO (Kiev) the contract on purchase of services of compulsory insurance of civil liability of owners of land vehicles (OSAGO).

According to the message in the system of electronic public procurement Prozorro, the expected cost is UAH 5.424 million, the price offer of the company – the only bidder – UAH 4.989 million.

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

 

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