Business news from Ukraine

EUROPEAN TRAVEL INSURANCE RAISES NUMBER OF INSURED TOURISTS BY 45%

European Travel Insurance (Kyiv) in January-September 2019 increased the number of insured tourists by 45% compared to the same period in 2018, to 1.375 million people, the insurer said in a press release.
According to its data, the total amount of premiums collected for this period in 2019 increased by 47% compared to the same period in 2018, and amounted to UAH 248 million, while over the nine months of 2018 the company collected premiums in the amount of UAH 169 million.
The company’s net profit for this period after paying taxes under the IFRS system amounted to UAH 48.740 million.
According to the press release, for the nine months of 2019 the company registered 13,306 insurance cases in the amount of UAH 79 million with tourists abroad and 141 insurance events for UAH 269,000 in Ukraine. In total, during this period of the year, 16 major insurance events worth more than UAH 300,000 each were recorded, and the total amount of payments on them exceeded UAH 8.2 million.
According to the company, for the nine months of 2019, the majority of appeals were received from Turkey (35%, or 4,640 cases), Egypt (21%, or 2,823 cases), and Bulgaria (6%, or 833 cases).

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FLOW OF HEALTH TOURISTS FROM UKRAINE TO GERMANY GROWS BY 20% EVERY YEAR – DIRECTOR OF DEUTSCHMEDIC GMBH

The flow of health tourists from Ukraine to Germany grows by some 15-20% every year, and the sharp growth was seen after the introduction of visa-free regime, Director of DeutschMedic GmbH Anna Weegen (Essen, Germany) has told Interfax-Ukraine. “In 2019, it will be the 21st year, as I organize the arrival of patients from the countries of the former USSR for treatment in Germany. According to my observations and according to the press, the flow from Ukraine is increasing annually by 15-20%. A significant jump occurred after the abolition of the entry visas to the countries of the Schengen legislation of the European Union for holders of Ukrainian biometric passports, “she said.
The cheapening of air links between Ukraine and Germany contributes to the increase in the flow of medical tourists, according to the expert. Weegen said that foreign patients can receive almost all the services that modern medicine has in its arsenal in German hospitals, with the exception of only legally regulated features in transplantation and artificial insemination.
In particular, for patients from Ukraine, requests for treatment of oncology are currently the most relevant. Neurology is second, outperforming traditionally high-demand cardiac interventions (electrophysiology, stenting, valve replacement, and aortocoronary shunting), orthopedics is in fourth place, including total joint replacement.
“Practically each of the patients who receive medical services in the above-mentioned disciplines necessarily uses the services of related specialists, and at the end of the treatment – some types of rehabilitation,” the expert said, noting the growing popularity of preventive annual check-ups.
Weegen said that currently there are no legislative acts in Germany prescribing medical institutions to report to any authorities on the number of foreign patients. However, those institutions that have not some foreign patients, “but dozens and hundreds, keep their own internal statistics, which is sometimes shared with the press or economic authorities.”
“In Germany there are almost 2,000 hospitals with a total fund of about 500,000 beds, and 20 million inpatients per year. At the same time, there are hospitals where there have never been foreign patients, but in some clinics the proportion of medical tourists can approach 10% of the total number of patients,” she said.
In this case, medical tourists receive not only inpatient, but also outpatient treatment in Germany, using the services of medical practices, which in Germany are more than 75,000.
“Many foreign patients receive outpatient services in clinics where statistics is not collected by anyone. The same applies to numerous sanatoriums, rehabilitation centers, prosthetic institutes and other institutions,” she said.
According to Weegen, in the coming years, medical tourists will come to Germany, mainly to receive high-tech medical care, in particular, complex surgical or catheter interventions, robot-assisted surgeries, radiation, that is, all that domestic medicine, due to the high cost of technology, has not yet implemented everywhere.”
At the same time, according to the expert, “primary diagnosis is made in the country of residence,” and the patient receives the second opinion in Germany. Then the patient has a surgery in the country of residence. He or she comes to Germany for radiation and chemotherapy, and then continues chemotherapy at the place of residence.
“This approach saves the patient’s time and money and gives him or her access to all the achievements of medical progress without a complete separation from the domestic system,” she said.
Weegen said that the share of health care in Germany is about 11% of GDP, and the share of medical tourism in health care is less than 0.04% of GDP.
According to Weegen, according to very rough estimates, approximately 250,000 foreign patients are treated in Germany annually. At the same time, about half of all medical tourists come from the countries of the former USSR.

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EUROPEAN TRAVEL INSURANCE RAISES NUMBER OF INSURED TOURISTS BY 32.5% IN NINE MONTHS

European Travel Insurance (ERV, Kyiv) in January-September 2018 increased the number of insured tourists by 32.5% compared to the same period in 2017, to 903,000 tourists.
According to the website of the insurer, the total amount of premiums collected during this period in 2018 increased by almost 41% compared to the same period in 2017 and amounted to UAH 169 million, while in the nine months of 2017 the company collected premiums in the amount of UAH 119 million.
The number of insurance events with tourists rose by 34% compared with 2017. In just nine months of 2018, the company registered 11,886 insurance claims. Of these, 85 cases occurred in Ukraine, for a total of UAH 66.258 million, while in 2017 for UAH 45.6 million.
More than half of claims about insurance events came to the company from Turkey and Egypt (61%). Statements about insurance events with tourists in Ukraine came mainly from Ivano-Frankivsk region, from Odesa, Mykolaiv, and Kherson.
The company retained the name European Travel Insurance and remained part of ETIG International Travel Insurance Group. The board and the whole team remained to work. The company continues cooperation with the assisting company of ERGO Group, Euro-Center Holding.
ERV Ukraine is still a specialized travel insurance company in Ukraine. The company hopes that in 2018, for the first time in 12 years of its work in the insurance market of Ukraine, it will insure more than one million tourists.

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70,000 UKRAINIAN TOURISTS TO VISIT THAILAND THIS YEAR

Around 70,000 Ukrainian tourists will visit Thailand in 2018.
According to a press release of the representative office of the Tourism Authority of Thailand in Ukraine, in 2017, some 61,000 Ukrainians visited Thailand. Thus, Ukraine was second in Central and Eastern Europe after Poland in the number of tourists who visited Thailand.
Head of the representative office of the Tourism Authority of Thailand in Ukraine Nicholas Dimitroff said that growth in tourist flow from Ukraine will be linked to the launch of direct flights between Kyiv and the post popular island of Thailand – Phuket. Azur Air by late April 2019 will service charter flights for Aneх tour operator. Thanks to the charter program the tour operator plans to transport around 8,000 tourists from Ukraine.
As reported, Ukrainians are the leaders in the world for the duration of their trips to Thailand: in 2017, the average duration of one trip Ukrainians spent in that country was almost 22 days.
In 2017, Thailand was visited by more than 35 million tourists from all over the world, which brought this country $57.5 million. Thus, Thailand took the 4th place in the world in terms of revenue from tourism (after the United States, Spain and France).
The Ukrainian office of the Tourism Authority of Thailand has been operating since February 2017.

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‘ODESA NATIVES TOGETHER’ ORGANIZATION TO INTEREST FOREIGN TOURISTS BY INVITING FOREIGN AMBASSADORS TO ODESA

NGO “Odesa Natives Together” invites foreign ambassadors, in particular those from the G7 countries, to Odesa in the hope of attracting more foreign tourists to the city in future. “We plan that foreign tourists, whom, unfortunately, there are not so many in Odesa, [will come] … I would like people from Europe, Canada, the United States to come here,” Head of NGO “Odesa Natives Together” Illia Luponosov said at a press conference at Interfax-Ukraine.
“A good and fast way to help the city is to attract tourists, show our city, invite people,” he added.
According to the head of the organization, activists, actors, the “living statues” of Potemkin and Duke de Richelieu with theatrical performances on March 30 visit the embassies of foreign countries in Kyiv and invite ambassadors to visit Odesa.
Luponosov noted that representatives of the public organization also state “they guarantee security and good rest” in the city.
He added that invitations will be given in the diplomatic missions of the G7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States), as well as Bulgaria and Belgium.

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