On December 2, PJSC Ukrnafta announced a tender for insurance services covering the liability of dangerous goods transporters in the event of negative consequences during the transportation of such goods.
According to the Prozorro electronic public procurement system, the expected cost of purchasing the services is UAH 471,691 thousand.
Documents will be accepted until December 10.
Ukrnafta JSC is Ukraine’s largest oil production company and operates the largest national network of gas stations, UKRNAFTA. In 2024, the company entered into asset management with Glusco. In 2025, it completed an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.
The company is implementing a comprehensive program to restore operations and update the format of gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the company’s corporate rights, which belonged to private owners, to the state, and they are now managed by the Ministry of Defense.
The National Technical University of Ukraine ‘Igor Sikorsky Kyiv Polytechnic Institute’ has announced its intention to conclude an agreement with VUSO Insurance Company for the purchase of compulsory civil liability insurance for owners of land vehicles (OSAGO).
According to a report in the Prozorro electronic public procurement system, the company’s price offer was UAH 92,300, with an expected cost of UAH 274,100.
The following insurance companies participated in the tender: Guardian – UAH 122,800, TAS – UAH 153,800, NASK Oranta – UAH 153,800, and Kraina – UAH 154,100.
VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine and the National Association of Insurers, a participant in the agreement on direct settlement of losses, and a member of the Nuclear Insurance Pool.
The number of insurance companies in Ukraine in October 2025 decreased by one. At the end of the month, 49 risk insurers and 10 life insurance companies, as well as the Export Credit Agency with special status were operating in the market, according to the website of the National Bank of Ukraine.
According to the NBU, the number of insurance and/or reinsurance brokers has not changed – 45. In October, the regulator received 55 inquiries regarding registration and licensing actions of insurers.
In general, the number of non-banking financial market participants for the month decreased to 787 from 791. In the non-banking market, there were 417 financial companies (there were 418), 102 pawnshops (there were 104), 88 credit unions, one lessor and 74 collection companies. The number of non-banking financial groups increased by one – to 42, banking groups unchanged – 16.
The insurance company INGO made an insurance payment of UAH 20 million for an electronics warehouse in Kyiv that was completely destroyed as a result of a rocket and drone attack in July 2025.
According to the insurer, one of the strikes caused a large-scale fire at a warehouse complex in the Solomyanskyi district, where the company’s inventory was stored. The fire completely destroyed more than 57,000 items, mainly mobile and portable electronics, household appliances, and accessories.
The payment was made under an insurance contract for the inventory of an electronics store chain.
“This is one of the most difficult war insurance cases we have ever dealt with. The complete destruction of the warehouse meant that there were no identifiable remnants of the goods left. Therefore, we initiated an economic examination, which allowed us to document the volume of inventory and the actual cost of the damage. It was thanks to the accuracy of this process that we were able to complete the settlement in less than three months,” said Alexander Kolpakov, head of INGO’s property damage settlement department.
The assessment confirmed that at the time of the incident, the warehouse contained goods with a total value of over UAH 20 million. Thanks to the payment from INGO, the company was able to cover a significant part of the losses and resume its activities.
The payment was made on October 7, 2025.
INGO Insurance Company has been operating in the Ukrainian market for over 30 years and provides insurance solutions for businesses and individuals. It has licenses for 18 classes of insurance, is one of the market leaders in terms of premiums, assets, and insurance payments, and has an extensive service network throughout the country.
The Japan Export Credit Agency (NEXI) is ready to expand military risk insurance in Ukraine, which is key to attracting Japanese investment and technology to rebuild Ukrainian industry and infrastructure.
According to the website of the Ministry of Economy, Environment and Agriculture, this was discussed at a working meeting between a Ukrainian delegation led by Economy Minister Oleksiy Sobolev and NEXI President Atsuo Kuroda on October 21, 2025, in Tokyo.
During the meeting, it was also noted that Ukraine is preparing to introduce compensation for enterprises throughout Ukraine where insurance companies operate. A special component of direct compensation will apply to frontline regions. This will make insurance, in particular NEXI, more affordable. Ukraine is interested in using NEXI tools to insure Japanese equipment supplies as part of the Industrial Ramstein initiative.
An agreement was reached to expand cooperation with other export credit agencies, in particular the Polish KUKE and the British UKEF.
“Expanding cooperation with NEXI is a step towards unlocking Japanese investment and supporting industrial recovery. War does not cancel development, but rather the opposite. We are actively looking for solutions that allow us to attract financing and launch projects today,” said Alexei Sobolev.
The information emphasizes that NEXI already covers about half of Japanese exports and investments in Ukraine.
In January-June 2025, the PZU Group generated gross insurance income of PLN 15.2 billion across all markets, including over PLN 1.5 billion in Lithuania, Latvia, Estonia, and Ukraine, which is 6.5% higher than in the same period last year, according to the PZU website.
Net profit attributable to shareholders of the parent company in the first half of this year increased to PLN 3.23 billion (+32.1%), and in the second quarter amounted to PLN 1.47 billion (+23.3% compared to the corresponding period of 2024). Adjusted return on equity (aROE) for the first half of the year was 21.2%, which is 3.8 percentage points (pp) more than last year (in the second quarter it was 18.7%, +2.1 pp).
“We had a successful six months. We expanded our business, generating nearly PLN 1 billion in gross insurance income on an annualized basis for the first half of the year. At the same time, we significantly improved profitability in property and life insurance by several percentage points. All this led to an increase in insurance income of PLN 555 million, or almost 35% compared to the first half of the previous year. It is important to note that more than a third of this growth is due to improved insurance income in the motor third-party liability insurance segment,” commented Tomasz Tarkowski, member of the Management Board and current CEO of PZU.
At the same time, he emphasized that such good results were achieved despite the fact that PZU recorded an almost equally significant negative impact of mass insurance claims related to weather conditions, estimated at approximately PLN 240 million. After the first two quarters of this year, the value of insurance payments and insurance compensation paid by the PZU Group, together with the development of the insurance payment reserve for previous years, amounted to PLN 8.4 billion (+4.3% more than a year ago).
The PZU Group is one of the largest financial institutions in Poland and Central and Eastern Europe. The group is headed by Powszechny Zakład Ubezpieczeń SA (PZU), a company listed on the Warsaw Stock Exchange (GPW). The PZU brand’s traditions date back to 1803, when the first insurance company in Poland was founded.
In Ukraine, it is represented by the insurance companies PZU Ukraine and PZU Ukraine Life Insurance.
