Andriy Semchenko Appointed CEO at INGO Insurance Company

INGO is continuing to implement strategic changes to its corporate governance structure. Andriy Semchenko has been appointed as the new CEO. His candidacy was approved by the Supervisory Board and confirmed by the National Bank of Ukraine in accordance with established procedures.

This appointment marks the next step in the company’s ongoing efforts to separate strategic and executive functions. As part of this transition, longtime INGO leader Igor Gordiyenko joined the company’s Supervisory Board in April.

Andriy Semchenko brings many years of experience in the financial sector, particularly in corporate insurance, underwriting, reinsurance, and claims settlement. At INGO, he has held a number of key positions — ranging from international business development to leading underwriting and corporate operations. His responsibilities have included overseeing technical and operational processes, and managing partnerships with banks, brokers, reinsurers, and international partners.

Andriy Semchenko emphasized that the company remains committed to stable, profitable growth, a balanced underwriting policy, and full compliance with regulatory requirements. INGO will continue to strengthen its international partnerships and participate in complex insurance programs for large businesses, including those involving military risk coverage.

Looking ahead, INGO aims to maintain its leadership in the corporate insurance sector while accelerating the development of its retail segment. According to the company’s strategy, by 2027, INGO plans to increase the share of the retail business to 40%. This will be driven by an expanded product portfolio, enhanced regional presence, growth in online sales, development of an omnichannel service model, and simplification of insurance offerings.

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Andriy Semchenko has been working in the insurance industry since 2007. He holds an MBA from the International Institute of Business and two honors degrees in Finance and Business Administration. He has also completed international training in underwriting with the Generali Insurance Group and leading Western reinsurers.

At INGO, he has held a range of senior roles, including Head of the Department for Work with International Companies and Brokers, Head of the Reinsurance and International Business Department, and Director of Underwriting and Corporate Business.