Business news from Ukraine

Business news from Ukraine

State Enterprise “UkSATSE” announced tender for insurance of travelers going abroad

The State Air Traffic Service Enterprise of Ukraine (UkSATSE) has announced a tender for voluntary insurance of medical expenses of UkSATSE employees traveling abroad. According to information on the ProZorro portal, the price offer amounts to UAH 199.999 thousand. Documents for participation in the tender are accepted until November 20.

“Ukraerorukh” was established in 1992. It provides a full range of air navigation services: air traffic service, organization of air traffic flows, airspace organization and management, radio technical support of communication, navigation and surveillance, provision of meteorological and aeronautical information for all types of flights.

 

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IC “Guardian” will insure motor transport of “Kyivpastrans” under MTPL insurance policy

Communal enterprise “Kyivpastrans” has announced its intention to conclude with IC “Guardian” (Kiev) a contract for compulsory insurance of civil liability of owners of land vehicles (MTPL) D2 200 units. As reported in the system of electronic public procurement Prozorro, the expected cost of the purchase of insurance services amounted to UAH 1716 thousand, the company’s price offer of UAH 1710.8 thousand.
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 the members of the Nuclear Insurance Pool of Ukraine IC “Guardian” became its member.

 

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State Mortgage Institution has again announced tender for insurance with budget of UAH 1 million

The State Mortgage Institution (SMI) on October 22 announced a tender for insurance of real estate for residential purposes (apartments), transferred to financial leasing (2047 units), reported in the e-procurement system Prozorro.
The expected cost of purchase of services is UAH 1 million. Tender security is UAH 30 thousand. Tender offers are accepted until October 31. As reported, the winner of a similar tender a year earlier was IC “Ultra Alliance”, before that – IC “Universalna”.

 

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Rating of leaders of insurance market of Ukraine by collected premiums is presented

Leaders of the insurance market of Ukraine by collected premiums in January-August 2024 became insurance companies SG “TAS” (UAH 3,056 billion), “ARKS” (UAH 2,801 billion), “Unica” (UAH 2,564 billion), “INGO” (UAH 2,223 billion) and IC “VUSO” (UAH 2,197 billion), according to the website of the National Association of Insurers of Ukraine (NASU). It is noted that there have been no changes in the top 5 leading companies of Ukraine compared to 7M. 2024 did not occur.
In the top-5 in the market of compulsory motor liability insurance on collected premiums there were no changes and according to the results of eight months are leading SG “TAS” (UAH 913.6 mln), “Oranta” (UAH 874.2 mln), “Knyazha VIG” (UAH 669 mln), “ROM” (UAH 414.1 mln) and “VUSO” (UAH 286.8 mln).
The leaders in the Green Card market in terms of premiums collected during the period are TAS (UAH 891.7 mln), USG (UAH 484.2 mln), Knyazha VIG (UAH 425.6 mln), ROM (UAH 362.4 mln) and Oranta (UAH 284.8 mln) (no changes).
There are also no changes in the CASCO market: as before, it is headed by IC “ARKS” (UAH 1.517 billion), “Arsenal Insurance” (UAH 1.228 billion), “Unica” (UAH 721.6 million), “VUSO” (UAH 625.7 million) and “USG” (UAH 575.3 million).
At the same time there have been slight changes among the leaders in voluntary health insurance: the leader, as before the top-5 in this segment, is IC “Unica” (UAH 1,078 billion), followed by IC “Universalna” (UAH 594,1 million), IC “VUSO” (UAH 547,6 million) has risen from the 4th to the 3rd position, swapping with IC “INGO” (UAH 490,3 million). SG “TAS” (UAH 366,5 mln) has moved up to the fifth position instead of IC “ARKS”.
In September 2024 there were no changes in the leaders in the life insurance market. As before, the first position is occupied by IC “MetLife” (UAH 1.730 billion), IC “TAS” (UAH 447.9 million), “Grave Life” (UAH 364.3 million), “Unica Life” (UAH 284.5 million) and “ROM Life” (UAH 247.4 million).
As reported, as of the end of August 2024, 66 risk insurers operate in the insurance market of Ukraine, 11 specialize in life insurance, one – with a special status (“Export Credit Agency”, ECA).

 

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TAS, ARKS, Unica, INGO and VUSO have become leaders of Ukrainian insurance market in terms of premiums collected in January-July 2024

Leaders of the insurance market of Ukraine on the collected premiums in January-July 2024 became insurance companies SG “TAS” (UAH 2,553 billion), “ARKS” (UAH 2,371 billion), “Unica” (UAH 2,329 billion), “INGO” (UAH 1,952 billion) and IC “VUSO” (UAH 1,732 billion), according to the website of the National Association of Insurers of Ukraine (NASU). It is noted that in comparison with 6M2024 IC “Unica” dropped to the third position from the second, and IC “ARKS” took its place; IC “USG” left the top five from the fifth position, allowing IC “VUSO” to enter the top 5.

There have been no changes in the top-5 in the market of compulsory motor third party liability insurance in terms of premiums collected and following the results of seven months the leaders are SG “TAS” (UAH 775,3 mln), “Oranta” (UAH 739,3 mln), “Knyazha VIG” (UAH 570,6 mln), “ROM” (UAH 360,4 mln) and “VUSO” (UAH 244,4 mln).

The leaders in the market of “Green Card” on collected premiums for the specified period are “TAS” (UAH 754,5 mln), “USG” (UAH 405,5 mln), “Knyazha VIG” (UAH 372,1 mln), “ROM” (UAH 310,5 mln) and “Oranta” (UAH 227 mln) (no changes).

There are also no changes in the CASCO market: as before, it is headed by IC “ARKS” (UAH 1.256 billion), “Arsenal Insurance” (UAH 1.034 billion), “Unica” (UAH 622.6 million), “VUSO” (UAH 531.3 million) and “USG” (UAH 495.1 million).

At the same time, there have been slight changes among the leaders in voluntary medical insurance: the leader, as well as earlier top-5 in this segment, is IC Unica (UAH 1,018 billion), followed by IC Universalna (UAH 560 million), IC INGO (UAH 422,7 million). IC “VUSO” (UAH 328,4 mln) has risen from the fifth position to the fourth, and “ARKS” (UAH 324,5 mln) has taken its place.

In July 2024 there were no changes in the leaders of the life insurance market. As before, the first position is occupied by IC “MetLife” (UAH 1.506 billion), IC “TAS” (UAH 388.4 million), “Grave Life” (UAH 311 million), “Unica Life” (UAH 230.9 million) and “ROM Life” (UAH 217.1 million).

As reported, as of the end of July 2024, 69 risk insurers operate in the insurance market of Ukraine, 12 specialize in life insurance, one – with a special status (“Export Credit Agency”, ECA).

 

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“Guardian” will insure cars ”Ukrposhta”

On July 23, the Ukrainian State Postal Communications Enterprise (USPCE) Ukrposhta (Kiev) announced its intention to conclude a contract with IC Guardian (Kiev) for the services of compulsory insurance of civil liability of owners of motor vehicles (OSAGO).

As reported in the system of electronic public procurement “Prozorro”, at the expected cost of the purchase of services1,151 million UAH price proposal of IC “Guardian” amounted to 363.3 thousand UAH,

The tender was also attended by “European Insurance Alliance” – UAH 369,01 thousand, “Inter-Policy” – UAH 524,9 thousand, “Euroins Ukraine” – UAH 1,036 million.

IC “Guardian” has been working in the insurance market since 2007. It 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 Motor (Transport) Insurance Bureau of Ukraine (MTSBU), has the right to sell “Green Card” policies.

 

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