Business news from Ukraine

ALFA INSURANCE, TOGETHER WITH PARTNERS, LAUNCHES NEW PRODUCT D&O

Alfa Insurance, together with Arzinger law firm, in partnership with AON (London), an international broker, has developed a new product for corporate clients – D&O liability insurance policy, the insurer’s website reports.
The purpose of this insurance product is to protect directors and other officers from claims that may arise as a result of decisions and actions taken by them as part of their duties. The biggest advantage of the D&O product is that it allows avoiding many of the risks associated with significant costs in case if the top manager made the wrong decision.
According to the insurer, D&O insurance covers expenses for the services of lawyers and other experts to protect the top manager in the event of a claim, compensation of losses by third parties, costs of fines and other penalties, other costs may be covered (including the restoration of reputation).
The claims of state bodies, employees, creditors, shareholders, any third parties (competitors, contractors) are also covered.
Alfa Insurance was founded in 2000. It is among the top ten leaders of the Ukrainian insurance market. It offers a versatile portfolio of services, including comprehensive business advocacy programs and a wide range of insurance products for individuals.
Arzinger is an independent law firm with experience in the legal market. It is included in the top five law firms of Ukraine, has representative offices throughout Ukraine and legal partners around the world.

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KYIVSTAR AND ALFA INSURANCE LAUNCH ONLINE INSURANCE SERVICE

The Kyivstar mobile communications operator jointly with Alfa Insurance (Kyiv) has launched the online travel insurance service for prepaid and contract subscribers.
The cost of an insurance policy for a seven-day trip will be about UAH 300 (the total cost of the policy depends, among other things, on the exchange rate). At the same time, it is valid in all countries, covering all medical services in case of the need to provide emergency assistance abroad.
The amount for which the subscriber is insured is EUR 30,000. At the same time, prepaid subscribers will receive a bonus of UAH 100 to the account, contract subscribers – an additional 20 minutes in roaming. Bonuses are valid 30 days after the start of the insurance period and only in roaming.
The cost of the policy for 14 days will be about UAH 600, for 21 days – about UAH 950.
The subscriber can receive and pay for the policy online without visiting the company’s office.
Roaming from Kyivstar is available in 195 countries.

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ALFA INSURANCE INCREASES PREMIUM COLLECTION BY 26% IN Q1

Alfa Insurance (Kyiv) in January-March 2018 increased premium collection by 26%, to UAH 151.7 million, according to the website of the insurer. It is also noted that premiums for voluntary insurance of cargo and baggage increased by 80%, accident insurance by 67%, voluntary medical insurance by 56%. Alfa Insurance was founded in 2000. It specializes in risk types of insurance. It is represented in all regions of Ukraine. The charter capital of the company is UAH 103.48 million.