Discount up to -16% on car insurance! Catch this great offer until 15.10.2025. 👉 Buy online quickly and without overpayments.

ATTENTION! At 00:00 the MTIBU database will be updated. Please start concluding the contract after 00:00

< Return to list

Illichivske Insurance Company will be liquidated

Illichivske Insurance Company will be liquidated

12.04.2017

1920

According to the results of the inspection of the National Financial Services Commission, conducted in September 2016, a significant decrease in the volume of formed insurance reserves was revealed due to the underestimation of the reserve for declared but unpaid losses. The amount of reserves as of September 28, 2016 was UAH 107.4 million. However, only UAH 26.3 million was secured by eligible assets. Namely: UAH 2.5 million was in current accounts, UAH 5.2 million in bank deposits, the share of reserves covered by real estate was UAH 11.7 million, and claims against reinsurers were UAH 6.7 million. Thus, the insufficiency of assets to cover reserves amounted to more than 81 million UAH or 75.5% of the amount of required reserves. 

"Since the purchase of the insurer, we have paid more than 26 million UAH to clients and offered them to switch to services at SK "DIM Insurance" on preferential terms. Regarding the obligations of ST "Illichivske" under the OSCPV, we will apply to MTIBU with an application for making payments for insured events at the expense of ST "Illichivske"'s share in the funds of the Motor Bureau," said Yuriy Yavtushenko, Chairman of the Supervisory Board of ST "Illichivske".

ST "Illichivske"'s debt to medical institutions and pharmaceutical companies will be restructured individually by expanding cooperation between medical institutions and organizations with SK "DIM insurance".

Source: Insurance Company "Illichivske"

Share:

News companies

Unconventional and funny stories of insurance business

Unconventional and funny stories of insurance business

Ukrenergo insured its employees for UAH 7 million.

Ukrenergo insured its employees for UAH 7 million.

Most popular articles

Changes in auto insurance from January 1, 2025 in Ukraine: everything you need to know

Changes in auto insurance from January 1, 2025 in Ukraine: everything you need to know

Top insurance market trends for 2023 | Parasol.ua Blog

Top insurance market trends for 2023 | Parasol.ua Blog

Features of insurance during martial law | Parasol.ua Blog

Features of insurance during martial law | Parasol.ua Blog

Where to insure a car against shelling and missiles during war | Parasol.ua Blog

Where to insure a car against shelling and missiles during war | Parasol.ua Blog

Electric vehicle insurance during war: design features | Parasol.ua Blog

Electric vehicle insurance during war: design features | Parasol.ua Blog

Differences between a national and an international driver's license

Differences between a national and an international driver's license

How to properly communicate with police officers when stopping a car | Parasol.ua Blog

How to properly communicate with police officers when stopping a car | Parasol.ua Blog

ChatGPT in Ukraine: what it can do and how to use it

ChatGPT in Ukraine: what it can do and how to use it

Price for a Green Card for traveling abroad in 2023

Price for a Green Card for traveling abroad in 2023

How to buy a Green Card while abroad

How to buy a Green Card while abroad

Travel insurance for refugees | Parasol.ua Blog

Travel insurance for refugees | Parasol.ua Blog

Which car to choose in 2023?

Which car to choose in 2023?

Insurance for a trip to China

Insurance for a trip to China

Travel insurance in Thailand

Travel insurance in Thailand

What is the difference between a Civil ID and a Green Card?

What is the difference between a Civil ID and a Green Card?

How to increase your car insurance reimbursement limit

How to increase your car insurance reimbursement limit

How to insure yourself as much as possible when traveling abroad

How to insure yourself as much as possible when traveling abroad

What does the cost of OSCPV depend on?

What does the cost of OSCPV depend on?

What is the minimum and maximum period for which a car can be insured under a Green Card?

What is the minimum and maximum period for which a car can be insured under a Green Card?

Continuation of the OSCPV policy

Continuation of the OSCPV policy

How to buy travel insurance at the airport

How to buy travel insurance at the airport

Which countries are included in the Green Card system?

Which countries are included in the Green Card system?

What does and does not travel insurance cover?

What does and does not travel insurance cover?

How to return, terminate a CPPV policy

How to return, terminate a CPPV policy

What to do in case of a traffic accident abroad

What to do in case of a traffic accident abroad

"ARX" is the new name of the leader

"ARX" is the new name of the leader

Unusual insurance cases of Ukrainians on vacation

Unusual insurance cases of Ukrainians on vacation

Franchise in OSCPV and what it affects

Franchise in OSCPV and what it affects

I bought a Green Card policy and my trip was canceled. Can I get a refund?

I bought a Green Card policy and my trip was canceled. Can I get a refund?

Can I buy a travel policy while abroad?

Can I buy a travel policy while abroad?

What is the difference between cheap and expensive Auto Insurance?

What is the difference between cheap and expensive Auto Insurance?

For which vehicles do you need to apply for a Green Card policy?

For which vehicles do you need to apply for a Green Card policy?

What should a tourist do during an insured event?

What should a tourist do during an insured event?

What is the difference between a paper OSCPV policy and an electronic one?

What is the difference between a paper OSCPV policy and an electronic one?

Is it possible to drive abroad without insurance?

Is it possible to drive abroad without insurance?

Who needs travel insurance and why?

Who needs travel insurance and why?

Buying a Civilian Car Online

Buying a Civilian Car Online

Green card under martial law

Green card under martial law

Differences between national and international driver's licenses

Differences between national and international driver's licenses