Business news from Ukraine

Business news from Ukraine

Insurer “VUSO” has launched updated mobile application

The insurance company “VUSO” has launched an updated version of the mobile application, with access to medical policies, adding the possibility for customers to make an independent appointment with a doctor and confirm the appointment independently, according to the insurer’s press release.

In addition, the company’s clients will now be able to quickly find detailed information about their insurance contract, as well as call an ambulance through the app.

In the future, VUSO plans to expand the app’s functionality and add other options. The application development team is already working on remote request for reimbursement, reflection and management of policies of relatives and friends, display of the whole history of applications to the insurance company.

IC “VUSO” was founded in 2001. The company holds 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance. It is represented in all regions of Ukraine. It is a member of ITSBU and UFS, a participant of Direct Loss Settlement Agreement and a member of Nuclear Insurance Pool.

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IC “VUSO” will insure vehicles of “Kirovogradoblenergo

On June 15, Kirovogradoblenergo announced its intention to enter into a contract with VUSO Insurance Company for compulsory motor third party liability insurance (MTPL).
As reported in the Prozorro e-procurement system, the price bid of the company was UAH 296.8 thousand with an expected purchase price of UAH 660 thousand.
IC “Krajina” also took part in the tender with the offer of UAH 525,9 ths.
IC “VUSO” was founded in 2001. The company owns 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance, it is present in all the regions of Ukraine. It is a member of MTSBU and FSA, a member of the Agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.

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IC “VUSO” will insure property of Odessa University of Internal Affairs

Odessa State University of Internal Affairs has announced its intention to conclude a contract with IC VUSO for insurance of real estate.
As it’s reported in the system of electronic public procurement Prozorro, the price offer of the company was 78,858 thousand UAH, which corresponds to the expected cost of purchasing services.
The company was the only bidder of the tender.
IC “VUSO” was founded in 2001. The company owns 50 licenses: 34 – for voluntary and 16 – for compulsory insurance, represented in all regions of Ukraine. It is a member of MTSBU and FSA, a member of the Agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.

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“VUSO” will insure vehicles of National Police in Odessa region

On May 15 the Main Department of the National Police in Odesa region announced its intention to conclude a motor insurance contract with IC “VUSO” (Kyiv) – 908 vehicles.
According to a message in the system of electronic public procurement Prozorro, the expected value of the purchase of services was 1.883 million UAH, the company offered 1.451 million UAH.
IC “Euroins Ukraine” participated in the tender with the price offer of UAH 1,4 mln.
IC “VUSO” was founded in 2001. The company owns 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance, it is represented in all regions of Ukraine. It is a member of MTSBU and FSA, a member of the Agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.

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UJSIC “ASKA” and IC “VUSO” will work under one brand

The contract on the merger of UJSIC “ASKA” (Zaporozhye) with IC “VUSO” (Kiev) was approved by shareholders of IC “VUSO” at the meeting on March 22 of this year.
As reported on the web-site of IC “VSCO”, due to the merger all assets and liabilities of UJSIC “ASKA” pass to IC “VSCO”.
The companies will work under one brand of IC “VUSO” (VUSO).
“The merger process began in December 2021. Despite the difficulties of wartime, the reorganization procedure took place and as of today has already been completed”, – is noted in the message.
According to the head of the supervisory board of IC “VUSO” Mykhailo Nazarchuk, this step allowed to increase the presence of IC “VUSO” in the corporate segment of the insurance market, as well as to create a big player with Ukrainian capital.
IC “ASKA” submitted to the regulator an application for withdrawal of the last license and exclusion from the State Register of Financial Organizations.
As it was informed, at the end of November 2021 Renat Akhmetov’s SCM investment company informed about reaching preliminary agreements on selling UJSIC “ASKA” to shareholders of IC “VSO”. The National Bank agreed the purchase of 99,593% of “ASKA”, as well as 62,2156% of PJSC “Insurance company “ASKO-Donbass North” (Druzhkovka, Donetsk region), in which 62,4699% belonged to “ASKA”.
UJSIC “ASKA” is the first private insurance company which has appeared in independent Ukraine, and has been operating for already more than 30 years. It belonged to the portfolio of international investment company SCM. On December, 22nd, 2021 NBU decided to cancel 34 its licenses for insurance, except the license for obligatory insurance of civil liability of motor vehicles owners (OSAGO) on the basis of the submitted application.
IC “VUSO” was founded in 2001. Nowadays it owns 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance. It is represented in all regions of Ukraine.

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“Zaporozhelektrotrans” will insure vehicles in IC “VUSO”

Zaporizhzhya municipal enterprise “Zaproelectrotrans” on December 16 announced its intention to conclude a contract with IC “VUSO” on compulsory civil liability insurance of owners of ground vehicles, according to the electronic public procurement system Prozorro.
The expected value of the purchase of services was 398,974 thousand UAH, the price offer of the company was 319,7 thousand UAH.
As it was reported, several years in a row the winner of similar tenders was IC “Motor-Garant”.
IC “VUSO” was founded in 2001. The company owns 50 licenses: 34 – on voluntary and 16 – on obligatory kinds of insurance, it is presented in all regions of Ukraine. It’s a member of MTSBU and UFSI, a member of the Agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.

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