Business news from Ukraine

“Zaporizhgas” announced tenders for insurance

Zaporizhgas gas transmission system operator JSC announced a tender for voluntary motor vehicle insurance (hull insurance) and voluntary property insurance on June 13, according to the Prozorro electronic procurement system.
Expected tender price for hull insurance is UAH 85,4 thousand, for property insurance – UAH 147 thousand.
The last day to apply for participation is June 22.

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JSC “Ukrtransnafta” announced tender for insurance of fire brigades

JSC Ukrtransnafta (Kiev) announced a tender for mandatory personal insurance of members of volunteer fire brigades.
According to a report in the electronic public procurement system Prozorro, the expected cost of purchasing services is 56,374 thousand UAH.
“Ukrtransnafta”, 100% shares of which are managed by NJSC “Naftogaz of Ukraine”, is the operator of oil transportation system of the country.

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“Ukrtransgas” announced tender for insurance

On May 18 Ukrtransgas PJSC (Kyiv) announced a tender for compulsory civil liability insurance of business entities against damage that can be caused by fires and accidents at high-risk facilities, including fire-hazardous facilities and facilities where business activity can lead to accidents of environmental and sanitary-and-epidemiologic nature, the Prozorro electronic procurement system informs.
The expected purchase price of the relevant services -94.559 thousand UAH.
Last day to apply for participation – May 29
“Ukrtransgas”, 100% owned by “Naftogaz of Ukraine”, operates a system of main gas pipelines and 12 underground gas storages of the country.

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Municipal enterprise “Municipal Guard” again announced a tender for hull insurance for more than 1.5 million UAH

CE “Municipal Guard” (Kiev) on May 15 again announced a tender for the purchase of voluntary vehicle insurance (hull insurance).

According to a message in the system of electronic public procurement Prozorro, the total expected cost of purchasing services is 1.563 million UAH.

The deadline for submitting bids is May 23.

As reported, a similar tender with an expected value of UAH 1.028 million was announced on April 21, 2023.

State Aviation Enterprise “Ukraine” again announced tender for insurance with budget of more than 23 mln UAH

On May 12, the State Aviation Enterprise (SAE) “Ukraine” again announced a tender for services of compulsory civil aviation insurance: compulsory liability insurance of commercial aviation civil aircraft operator for damage caused to third parties and air carrier liability for damage caused to passengers and baggage; compulsory civil aircraft insurance; compulsory insurance of aircrew members and other aviation personal
According to a message in the electronic procurement system Prozorro, the expected value of the purchase of insurance services is UAH 23.392 million.
The tender bid is secured by an electronic bank guarantee of UAH 233.9 thousand.
The deadline for bids is May 20.
As reported, a similar tender with the same budget was announced on April 28, after a tender with a budget of UAH 17.1 million, announced on March 9, failed due to lack of proposals.
The State Aviation Enterprise “Ukraine” was established to organize, provide and perform air transportation, special flights of the highest official delegations of Ukraine and other states in the country and abroad in compliance with the requirements and rules, which are stipulated in the relevant regulatory documents.

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“Expert Rating” withdrew rating of insurer “PROSTO-insurance”

The rating committee of Expert-Rating RA has withdrawn the financial stability rating of the insurer PROSTO-insurance PJSC (Kiev) according to the national scale, according to the website of RA.

The decision has been taken due to revocation of the company’s license for financial services provision by the National Bank of Ukraine on April 27 due to the fact that the insurer’s ownership structure does not meet the requirements of Ukrainian legislation.

The Agency informs that JSC PROSTO-insurance has not provided it with information on non-compliance of its ownership structure with the legislation requirements. The Agency also notes that from April 28, 2023 JSC “PROSTO-insurance” loses the right to: conclude contracts (to prolong the term of the existing agreements), conclude the contracts (to make changes to existing contracts), which will increase the liabilities to the clients. The company continues to fulfill all its obligations under the insurance contracts, which were concluded before the decision of the NBU came into force.

As reported, according to the last submitted accounts for 2022, at the end of the year the amount of insurance premiums of the IC was UAH 204,931 mln, assets – UAH 568,122 mln, insurance reserves – UAH 175,885 mln.

The company’s market share in insurance premiums was 0.6% of the total market (including civil liability insurance of vehicle owners (under internal contracts) – 1,52%).

IC PROSTO-Insurance was registered in 1997. It specializes on provision of services in the field of risk insurance.

According to the NCSSM as of the fourth quarter of 2022, 99,998% of the insurer’s shares belong to the company Lavidia Limited (Cyprus).