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Insurance Companies

 

ENERGOBANK offers its partners long-term collaboration on mutually beneficial terms.
 
Advantages:
 
  • 20 years of experience in the banking sector of Ukraine
  • Secure shareholder: the National Reserve Corporation (Russian Federation)
  • Individualized approach to clients
  • Credit rating is at investment level on the national scale, allowing insurance companies to place their reserves at the Bank in accordance with Ukrainian legislation
  • Expansive regional network
 
 
Basic conditions for accrediting insurance companies:
 
Provide Bank with financial documents for a preliminary assessment of the company’s financial state.
 
List of information to provide for a financial analysis of the insurance company:
 
  1. Annual report and audit report for the last and the previous reporting year; data for the last reporting period (quarter, half year, and 9 months).
  2. Information on company shareholders with more than 10% ownership.
  3. Balance Sheet (Form 1) and report on financial results (Form 2) for the last quarters.
  4. Insurer’s report on revenues and expenditures for the current and previous year (Appendix #1 to the Order of the Ministry of Finance of 3/28/2002, #2010).
  5. Explanatory note to the insurer's balance sheet information (Appendix #3 to the Order of the Ministry of Finance of 3/28/2002, #2010).
  6. Rules of insurance for the main types of insurance.
  7. Explanation of portfolio reinsured from residents as of the last reporting date in the following format
 
Reinsurer
Share in reserve, thousand UAH
Total payments for the current year, thousand UAH
Type of transaction
 
 
 
 
 
 
  1. Reinsurance program for the current year.
  2. Explanation of accounts receivable and accounts payable as of the last reporting date.
  3. Explanation of the bank’s credit portfolio as of the last reporting date.
  4. Explanation of the investment portfolio (balance sheet items 040, 045, and 220).
 
  • Signing of collaboration agreement with PJSC ENERGOBANK.
  • Stable financial situation.
  • At least 3 years of experience in the Ukrainian market.
  • Impeccable business reputation.
  • Current account with ENERGOBANK and regular receipt of insurance payments through it.
  • Deposit of no less than 1 million UAH with PJSC ENERGOBANK.
 
Energobank’s insurance partners currently include: