ingo ukraine 2008 annual report
TRANSCRIPT
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INGO Ukraine JSIC – providing full range of insurance products on the insurance market in Ukraine
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INGO Ukraine in brief
Established in 1994 (before 2004 – Ostra-Kiev JSIC)- in the top five of insurance companies: - highest written premium result - largest in asset size- a leader in amount of claims paid
The INGO Ukraine JSIC received the “Certificate of Partnership Reliability” agreed and approved with the ICC (Paris, France). The Certificate itself officially confirms that INGO Ukraine JSIC is a reliable partner for running and development of business interrelations both in Ukraine and abroad and also confers its right on getting reference of partnership reliability from the ICC
Following the financial results of the 2005, 2006, 2007 nominated by “Business” publication as “the most Professional Insurance Company in Ukraine”
In 2007 following the rate “Guards 500” the INGO Ukraine JSIC gained the leading nomination as “The Most Favorite Insurance Company”
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INGO Ukraine JSIC is one of the top-5 principal players in the insurance market of Ukraine
A leading player in the insurance market Adopted market strategy to year 2012 Reputation for meeting all legitimate claims
A leading player in the insurance market Adopted market strategy to year 2012 Reputation for meeting all legitimate claims
Positive image with the Public Wide regional network A wide range of Insurance Products Stable financial indicators Extensive experience of operating in the market Class A reinsurance programs
Positive image with the Public Wide regional network A wide range of Insurance Products Stable financial indicators Extensive experience of operating in the market Class A reinsurance programs
Growth in retail sales Expansion of regional network Expansion of client-oriented sales strategy in corporate and personal lines
Growth in retail sales Expansion of regional network Expansion of client-oriented sales strategy in corporate and personal lines
Position in
the market
Position in
the market
Strengths Strengths
Opportunities
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Insurance lines
Commercial Personal
Professional liability
risks
AviationCommercial
Property and Other Assets
Goods in transit (Cargo)
Risk of Export-Import
Transactions incl. Credit Risks
Group Medical
Expenses
Medical expenses
Accident/Personal
Liability
Holiday Insurance
Motor CASCO
and TPL
Property
Transport operators
Marine
Our clients: Commercial, industrial, trading and service companies, banks and other financial institutions, transport services operators, travel agencies, embassies and consular offices, individuals
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The company’s network
26 regional branches with over 100 client servicing offices
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Our international partners
International Brokers: International Reinsurers:
Munich Re, Germany
INGOSSTRAKH, OIJSS, Russia
SOVAG AG, GERMANY
AXA Corporate Solutions, France
IF P&C Ins. Ltd., Skandia, Sweden
Swiss Re, Switzerland
Partner Re, Switzerland
SCOR, France
Hannover Re, Germany
Transatlantic Re, USA
Assicurazioni Generali, Italy
Allianz Versicherungs AG, GermanyFortis Corporate Insurance (Belgium)Mitsui Sumitomo Insurance (Japan)
Marsh
AON
Willis
Benfield Greig
Zaris
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INGO Ukraine JSIC is a member of the following associations
INGO International Insurance Group Ukrainian Federation on Insurance Motor (Transport) Insurance Bureau of Ukraine (a full member) Ukrainian National Committee of the International Chamber of
Commerce American Chamber of Commerce in Ukraine Kyiv Chamber of Commerce and Industry Chamber of Commerce and Industry of Ukraine European Business Association
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INGO Ukraine JSIC is a member of the International Insurance Group INGO
INGO is an acronym which stands for International Network of Guarantees and Obligations and shows that Company is a member of the INGO International Insurance Group.
INGO International Insurance Group was created in 2004.Its strategic mission is to create a deeply integrated insurance
community for the purpose of expanding cooperation in insurance and reinsurance. This provides clients of each company with reliable financial protection of their interests.
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INGO Ukraine JSIC is a member of the International Insurance Group INGO
The membership of the INGO International Insurance Group is as follows: “Ingosstrakh” IJSS (Russia), “IC “Ingosstrakh-M” Ltd. (Russia), “IC “Ingosstrakh-Zhyzn’” Ltd. (Russia), “TIM-Assistance” Ltd. (Russia), ОАО “Chrezvychainaya strakhovaya company” OJSS (Russia), OJSS MSK “EMESK” (Russia), MSO “Petromed” Ltd. (Russia), “LMS Klinika” Ltd. (Russia), Management Company “Ingosstrakh-Investments” OJSS (Russia), SOVAG AG (Germany, Austria, UK), INGO Ukraine JSIC (Ukraine) INGO LIFE Ukraine JSIC (Ukraine) “IngoNord” IJSS (Finland), “Garant” AG (Austria, Switzerland), “BelIngosstrakh” CIJSS (Belarus’), “Kyrghyzinstrakh” IJSS (Kyrghyzstan), “INGO Armenia” ICJSS (Armenia).
Premium written - $ 2.24 mlrd.
Total Claims Paid - $ 1.31 mlrd.
Premium written - $ 2.8 mlrd.Total Claims Paid - $ 1.8 mlrd.
of 2008
Consolidated financial statement of INGO Group
of 2007
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INGO Ukraine JSICKey figures for
1994-2008
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Key Figures
Graph of Premiums Written for the period of 1994 – 2008
Graph of Claims Paid for the period of 1994 - 2008
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Key Figures (thousands UAH)
ASSETS 2007 2008
Gross Premiums Written 425 472,4 531 100
Total Claims Paid 177 041,7 487 698
Technical Reserves 348 277,5 229 543
Shareholders Equity 91 099,7 126 748
Authorized capital stock(from 8.09.2008)
130 876
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Premiums Structure 2007
Property18,0%
Compulsory Motor Insurance
11,4%
Personal14,4%
Transport Operators
Liability0,9%
Property responsibility
2,7%Marine and
Aviation1,7%
Cargo4,9%
Voluntary Motor Insurance
46,1%
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Premiums Structure 2008
Property15,4%
Compulsory Motor Insurance
10,7%
Personal15,0%
Transport Operators
Liability1,1%
Property responsibility
3,0%
Marine and Aviation
1,0%
Cargo4,2%
Voluntary Motor Insurance
49,6%
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Services
Services provided Service support
Motor Round-the-clock technical assistance in all regions of Ukraine Call-center: assisting via the Company “ECLIS” Ltd Free evacuation in Ukraine Repairs by appointed Garages
Medical Round-the-clock servicing in Ukraine Call - center: via “ALFA-Assistance” Ltd Designated doctors Insurance desks in hospitals Personal prescriptions system Prescription delivery Discount system for preventive and health treatments Inclusive benefits: vaccinations, vitamin courses, homeopathic treatment, medical screening, coverage of chronic diseases (tuberculosis, diabetes, oncology and etc.)
Hot line 8-800-30-555-30Round-the-clock call-center for Motor insurance (044) 494-0-444, 573-46-09, 559-13-12or mobile phone of adjustorsRound-the-clock call-center for Medical Insurance(044) 503-00-03or mobile phone of designated doctors in Kiev and in over 60 cities in Ukraine
Financial Intermediaries Banks
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Car Dealers Leasing companies
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THANK YOUFOR YOUR ATTENTION!
INGO Ukraine, JSIC33, Vorovskoho St., Kiev, 01054, UkrainePhone: (38 044) 490-27-44/45Fax: (38 044) 490-27-48E-mail: [email protected] www.ingo.com.ua