Business news from Ukraine

UKRAINIAN INSURANCE GROUP PAYS UAH 126 MLN TO MHP FOR FALLEN HELICOPTER

Ukrainian Insurance Group (Kyiv) has paid UAH 126 million to PJSC Myronivsky Hliboproduct (MHP) for the Eurocopter EC145 helicopter that fell near Trukhaniv Island in Kyiv in September 2018, the insurer said on its website.
The payment was made under the compulsory insurance contract for civil aircraft, which covered the risks of complete loss and damage of the aircraft, including individual parts, systems and constructive parts, during taxing, in the air or on the ground (including parking).
The company said that specialists of Ukrainian Insurance Group, a representative of Myronivsky Hliboproduct and involved experts from United Loss Adjusters (the official representative of Sedgwick and Cunningham Lindsey in Ukraine) were directly involved in the settlement of the insured accident.
“The collaborative work of all parties in conducting numerous expert reviews and doing actions to assess the loss allowed Ukrainian Insurance Group to quickly settle this complex insured accident and pay insurance money. The total amount of insurance money received by MHP amounted to UAH 126 million,” the company said.
Ukrainian Insurance Group is a company with 100% foreign capital. It has been operating in the Ukrainian conventional insurance market since 2000, it is part of Vienna Insurance Group, the market leader in Central and Eastern Europe.
PJSC Myronivsky Hliboproduct (MHP) is one of the leaders of the Ukrainian agricultural industry.

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