Business news from Ukraine

Business news from Ukraine

Antonov State Enterprise has announced tender for civil aviation and liability insurance with budget of EUR 5.6 mln

State Enterprise Antonov (Kyiv) announced a tender for mandatory aviation insurance services for civil aviation on May 31.

Namely for civil aviation risk insurance services (under insurance classes 1, 5, 11): aircraft insurance, aviation carrier’s liability insurance for damage caused to passengers, baggage, cargo and mail; liability insurance of commercial civil aircraft operator for damage caused to third parties.

As well as insurance of the liability of developers, manufacturers of civil aviation equipment, maintenance organizations authorized to conduct test flights for damage caused to third parties; insurance of the liability of an educational institution in the performance of training flights for damage caused to third parties. Insurance of aircraft crew members and other aviation personnel; insurance of persons who have the right to be on board an aircraft on legal grounds without purchasing tickets; insurance of employees of the customer of aviation works, employees of other organizations involved in the performance of aviation works, and persons ensuring the technological process during the performance of aviation works.

According to the message on the website of the Ukrainian Universal Exchange, the expected cost of the purchase of insurance services is UAH 5.607 million, the cost of submitting a bid is UAH 4.08 thousand.

Documents are accepted until 17:00 on June 7.

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State-owned aviation enterprise Ukraine has again announced tender for insurance of civil aviation risks with budget of almost 27m hryvnias

State Aviation Enterprise “Ukraine” (Boryspil, Kyiv Region) on May 24 announced a tender for insurance of liability of the operator of a civil aircraft of commercial aviation for damage caused to third parties and liability of an air carrier for damage caused to passengers and luggage; aircraft insurance.

According to the message in the electronic public procurement system Prozorro, the tender was announced for the insurance of aircraft crew members, other aviation personnel and persons entitled to be on board the aircraft legally without purchasing tickets.

The expected value of the insurance services purchase is UAH 26.674 mln.

The amount of security for contract execution is 5% of the value of the procurement contract.

The deadline for submission of tender offers is June 1

As reported, the only participant in a similar tender announced on April 22, 2024 was “Ukrainian Fire Insurance Company” (UPIC Kiev) with a proposal of UAH 26.665 million, with an expected cost of UAH 26.674 million. However, on May 22, the company’s offer was rejected.

State Enterprise Ukraine was established to organize, provide and perform air transportation, special flights of the highest official delegations of Ukraine and other states within the country and beyond its borders in compliance with the requirements and rules stipulated in the relevant regulations.

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Ukrainian Foreign Ministry announces tender for car insurance

On May 21, the Ministry of Foreign Affairs of Ukraine announced a tender for voluntary insurance of motor vehicles and compulsory insurance of civil liability of owners of land vehicles, according to the electronic state procurement system Prozorro.

The expected cost of purchase of services is UAH 342,898 thousand.

The deadline for submission of tender documents is May 29.

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Austria to allocate EUR 500 mln for export and investment insurance in Ukraine

From mid-May, the Austrian Ministry of Finance and the Austrian export credit agency OeKB (Oesterreichische Kontrollbank Aktiengesellschaft) will start accepting applications for export and investment insurance in Ukraine at the expense of a special fund for Ukraine created by the Ministry of Finance in OeKB through the budget law.
According to the Austrian agency’s press release, it is expected that EUR500 million will be allocated to cover operations in Ukraine over the next five years, and the attraction of funds from international financial institutions could make it possible to receive up to EUR1 billion.
“Approximately EUR100 million per year is earmarked for new business. This will also open up opportunities for Austrian exporters in the process of Ukraine’s recovery,” the Ministry of Finance said in a release.
It is indicated that as part of the existing and proven export promotion procedure, the Ministry of Finance is already facilitating export transactions worth EUR 3-5 million in Ukraine with payment terms of up to three years through OeKB.
It is noted that since funds are limited and the goal is to achieve a wide diversification of risks, in particular in the supported sectors, small and medium-sized public sector transactions based on a state guarantee will be possible at the first stage.
“This will allow us to make vital investments for Ukraine. These include the supply of drinking water and heat, the provision and rehabilitation of the transport sector with roads, bridges and rail infrastructure, as well as supply agreements and investments such as joint repair shops for buses, trams and trains,” commented Finance Minister Magnus Brunner.

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SE “Delta-Lotsman” announced a tender for insurance

On May 15, the state enterprise Delta-Lotsman (Mykolaiv) announced a tender for voluntary insurance of liability to third parties for maritime accidents caused by the fault of marine pilots, pilot-operators of the insured’s vessel traffic control service in the performance of their official duties.

According to the electronic public procurement system ProZorro, the expected cost of the service is UAH 1.171 million. The tender security is an electronic guarantee of UAH 35 thousand.

The deadline for submission of bids is May 24.

SE “Delta Pilot” was established by order of the Ministry of Transport of Ukraine in 1998 in order to improve conditions for ensuring safety of navigation, protection of human life at sea and the environment, in the territorial sea of Ukraine in accordance with the requirements of international agreements and conventions, streamlining the structure of marine pilot services in the north-western part of the Black Sea.

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Insurer “TAS” has attracted almost UAH 300 mln of payments in March

Insurance group “TAS” (Kiev) in March 2024 attracted UAH 291.27 mln of insurance premiums under the concluded insurance contracts, which is 68% higher than the volume of payments collected by the company for the same period last year.

According to the insurer’s website, the volume of CASCO sales increased by 46.1% to UAH 57.39 mln of payments, which is 19.7% of the total amount of March premiums, MTPL – by 42% to UAH 90.54 mln or 31.1% of the total volume, Green Card – by 2.4 times to UAH 112.5 mln or 38.6% of the total volume.

Besides, the volumes of collections under property insurance contracts have grown by 29,3% – the company has attracted UAH 4,94 mln of payments under them in March.

Under contracts of voluntary medical insurance the company for the first month of spring 2024 collected UAH 2.73 million of payments, under other insurance contracts – UAH 23.21 million, which is 48.9% more than in the past.

As reported, in March the company paid out UAH 157.08 million – it is by 38.6% more indemnities of the company compared to March a year earlier. At the same time, a quarter of payments of the insurer for the reporting period (25,39%) came to CASCO – UAH 39,88 mln (+23,1%), MTPL – 34,48% of the volume of payments – UAH 54,16 mln (+14%), “Green Card” – 23,04%, or UAH 36,19 mln (+86,2%).

At the same time, the volume of payments under VHI has grown in 2,47 times, up to UAH 22,83 mln, that is equal to 14,54% of the total amount of payments of the company following the results of the reporting period. Under other insurance contracts the company’s payouts following the results of March totaled UAH 4,02 mln.

IG “TAS” was registered in 1998. It is a universal company offering its clients more than 80 types of insurance products on various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

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