INGO Insurance Company has joined the League of Insurance Organizations of Ukraine (LIOU). This decision emphasizes the company's desire to actively contribute to the development of country's insurance market and participate in the formation of its standards.
Mr. Victor Berlin, President of LIOU, noted that the addition of new members to the League is an important stage in the development of Ukrainian insurance market:
For INGO, membership in the League means not only access to collective expertise, but also the opportunity to more actively influence the formation of legislative landscape, maintain high service standards and increase customer confidence. At the same time, the involvement of such leading companies as INGO is a way for the League to strengthen its influence on the development of insurance in Ukraine.
This partnership demonstrates the common desire of market players to strengthen the position of insurance as an important economic tool in the face of modern challenges.
For reference:
INGO Insurance Company holds licenses for 18 classes of insurance and has been providing insurance services to both individuals and companies for 30 years. Since 2017, the main shareholder is the Ukrainian business group DCH. INGO Insurance Company is one of the largest insurance companies in Ukraine in terms of premiums, own assets and insurance claims. Its network includes 25 branches, 5 offices and 9 customer service centers operating in all regions of the country. INGO fully complies with NBU requirements for transparency of the ownership structure, compliance with solvency, capital adequacy and risk management standards, and maintains a high business reputation of its owners and management. The company is a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), the American Chamber of Commerce (ACC), the European Business Association (EBA), the National Association of Insurers of Ukraine (NASU) and the International Chamber of Commerce (ICC). On October 18, 2024, the rating agency IBI-Rating confirmed the long-term credit rating of INGO Insurance Company at uaAA according to the national rating scale.
The League of Insurance Organizations of Ukraine is the first professional association of insurance market participants established in 1992. It was founded to protect the interests of insurance companies and promote the development of insurance culture in Ukraine. The priorities of the League include: expanding opportunities for the development of insurance business; protecting the rights and legitimate interests of market participants; and promoting insurance as an additional support for the population and business. Today, the Association is an important platform for the exchange of experience between insurers, the development of new standards and the adaptation of international practices to the Ukrainian market.
