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Information about the company The Closely-Held Stock Corporation «Insurance Company "Osnova"» Address: Kiev city, Khorevaya street, 4 tel. (044) 390-58-58, Kiev city, Krasnoarmejskaya street, 16 tel. (044) 235-53-91 The date of May, 16, 2005 is the day of registration the Closely-Held Stock Corporation «Insurance Company "Osnova"».
The Insurance Company «Osnova» is a member of: • The League of the Insurance Organizations; • The Kievan Chamber of Commerce and Industry; • The Chamber of Commerce and Industry of Ukraine.
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Individually for everyone | Information
about the company
The Insurance Company "Osnova" (IC "Osnova") is a young and perspective company, which confidently occupies positions at the insurance market of Ukraine. For today it is already acknowledged as a reliable partner, collaboration with which is based on a mutual trust and irreproachable implementation of its obligations. We guarantee to our partners reliable insurance coverage, which is based on modern and high-quality products. For high-quality service of our customers, for decline of risks and running at a loss of the Company and for providing reliability, in the IC «Osnova» were created the followings services: • The Services of Average Commissioner (round-the-clock operators, which accept the statements about the occurrence of loss, the registration of insured accidents, the departure to the place of occurrence) • The Security Services (providing the safety of the IC «Osnova» and its employees, prevention of cases of insurance frauds) • The Collector Services (organization the work, which is related with the return of cash assets to the guilty in a causing damage persons)
Our values: • We are oriented to the active, but guided growth. • In the Company it is accepted to fulfill faultlessly assumed liabilities. • The wide spectrum of the programs of insurance. • Big value for us is professionalism in work. 3
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Our Partners In insurance of their risks we are trusted by such companies as:
Banks: The Open Joint-Stock Company «BTA Bank»
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The Open Joint-Stock Company «BTA Bank»,
The Open Joint-Stock Company «ERSTE BANK»
The Open Joint-Stock Company «Megabank»
The Closely-Held Stock «Petrokommerts – Ukraine»
The Joint-Stock Bank «Diamant»
The Joint-Stock Bank «Vostochno – Evropejskiy Bank»
The Joint-Stock Bank «Ukrainian Professional Bank»
The Investment Bank «Prichernomorje»
The Open Joint-Stock Company «Astra – Bank»
First Ukrainian International Bank
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Partners
Brokers: Dedal
The First Insurance Supermarket
«Vybir» broker
Megapolyce
Willis
Insurance Consultations Center
VIP insurance agency
Brit Mark Financial Advisors
Ukrainian Financial Company
Vagner Kindlustusmaakler AS Ukraine
Tochka
TimExpert
«Konsoris» insurance broker
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Partners
Companies: The Network of the Restaurants «World card» (Kiev)
The Company «Inter Athletics»,
«Bayadera import»
«AVT Bavaria»
«British Motors Ukraine»
«AMK»
«Evropa–Auto»
«NNK - Auto»
«Sphere-Auto»
«KIA - Motorz»
State Pedagogical University of the name G.S. Skovorody
Our clients are mainly people of middle and upscale prosperity. Greater part of brief-case of the IC «Osnova» about the auto of KASKO consists of representative class cars. Reliability of insurance defence of the Joint-Stock Insurance Company’s «Osnova» clients is provided by reinsurance of our partners in the most considerable risks, and adjusted reinsurance policy is the guarantor of operative insurance payments. 6
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Partners
The maximal normative limit of responsibility on a risk of the Joint-Stock Insurance Company «Osnova» makes 4 000 000,00 UAH. Collaboration with our partners is based on the basis of absolute mutual trust and irreproachable implementation of the obligations. By the state on 01.09.2008 the Joint-Stock Insurance Company «Osnova» effected more than 80 general agreements about the collaboration in branch of optional reinsurance with insurance companies from all regions of Ukraine. Underwriting of suggestions and risks is conducted by the management of reinsurance with bringing in the leading specialists of dedicated business units of the Insurance Company in the shortest time (to 1 hour). The Joint-Stock Insurance Company «Osnova» co-operates with such leading companies, as the Jointstock Company «Ukrainian insurance group», TDV CC «Alpha-Guaran», AMG Group, Joint-stock Company «Dobrobut ta Zahyst», OJSC «Al'kona», Joint-stock Company «Strahovi tradytsii», OJSC «Garantija», JC TU «Lemma», AIC «Omega», VAB RE, OJSC «Krayina», STDV «Globus», Joint-stock Company «Kiev insurance house», Joint-stock Company «Ukrainian insurance house», ISC «Ostra», Joint-stock Company «Prostostrakhuvannya», NSIC «Oranta», LTD «Vostochnaya perestrakhovochnaya kompaniya» and a lot of other. Also the Joint-stock Company «Osnova» co-operates in reinsurance branch with such leading brokers, as LTD the «Insurance broker «Dedal», AON, Association «Vagner Kindustusmaakler»
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Partners
The Joint-stock Company «Osnova» since August of 2008 also had signed Agreements of obligatory proportional reinsurance of surface vehicles on the basis of expedient sums with the followings companies:
The Joint-Stock Insurance Company «Ukrainian insurance group»
TDV CC «Alpha-Guarant»
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The Joint-stock Company FG «Strahovi Tradytsii»
The Joint- Stock Insurance Company «Partner»
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Financial activity The charter fund is 40 000 000 UAH On being in 01.07.2008 Insurance payments were made by 17337,8 thousands of UAH Insurance payments were made by 6 631,4 thousands of UAH The assets of company are made by 49 040,1 thousands of UAH Insurance backlogs are made by 4 094,9 thousands of UAH Licenses for the realization of 14 types of voluntarily and obligatory insurance.
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Individually for everyone | Financial
activity
Dynamics of payments 2006-2008
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Individually for everyone | Financial
activity
Unprofitableness of the incoming reinsurance in percent correlation on being in 01.09.08. Incoming reinsurance (losses + bonuses)
Unprofitableness of the direct insurance on being in 08.09.08 Insurance (losses + bonuses)
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Basic types of activity: • property insurance; • insurance of vehicles; • insurance of loads and luggage; • insurance of facilities of railways; • insurance of marine risks; • insurance of aviation risks; • insurance against the accidents; • insurance of different types of responsibility. In the insurance portfolio of the IC «Osnova» prevails such type of insurance as automobile KASKO – 92% in the structure of insurance portfolio. Nevertheless, the Company works actively above multiplying the collections of insurance bonuses on immovable property of artificial and physical persons insurance, and similarly of insurance the loads. For today all property of The Network of the Restaurants «World card» is insured in The Joint-Stock Corporation «IC «Osnova». The Corporation actively conducts the work with partner banks on insurance of artificial and physical person’s property, which passed in gage to bank (The Open Joint-Stock Company «Polonskiy porcelain factory» and etc), and similarly property of partner banks (The Joint-Stock Bank «Vostochno – Evropejskiy Bank»)
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A list of licenses of IC «Osnova» • Insurance of loads and luggage is a license of the State commission of adjusting the market of financial services of Ukraine (SCAMFSU) the Joint-Stock Bank №321895 from 20.02.2006. • Insurance of the lend vehicle (except the railway transport) is a license of the State commission of adjusting the market of financial services of Ukraine the Joint-Stock Bank №321894 from 20.02.2006. • Insurance against the fire-related risks and risks of the elemental phenomena is a license of the State commission of adjusting of market of financial services of Ukraine the Joint-Stock Bank №321904 from 20.02.2006. • Insurance of air transport is a license of the State commission of adjusting the market of financial services of Ukraine of the Joint-Stock Bank №321903 from 20.02.2006. • Insurance of water-carriage (marine internal and other types of water-carriage) is a license of the State commission of adjusting of market of financial services of Ukraine of the Joint-Stock Bank №321899 from 20.02.2006. • Insurance of railway transport is a license of the State commission of adjusting the market of financial services of Ukraine of the JointStock Bank №321898 from 20.02.2006. • Property insurance (except the railway, lend, air, water-carriage (marine internal and other types of water-carriage), carriage and luggage) is a license of the State commission of adjusting the market of financial services of Ukraine of the Joint-Stock Bank №321896 from 20.02.2006. • Insurance of responsibility before the third persons (except the civil responsibility of owners of the ground vehicle, responsibility of owners of air transport, responsibility of owners of water-carriage (including responsibility of ferryman) is the license of the State commission of adjusting the market of financial services of Ukraine of the Joint-Stock Bank №321905 from 20.02.2006. • Insurances of responsibility the owners of air transport (including responsibility of ferryman) are the licenses of the State commission of adjusting the market of financial services of Ukraine of the Joint-Stock Bank №321901 from 20.02.2006. • Insurance of responsibility of owners of water-carriage (including responsibility of ferryman) is a license of the State commission of adjusting the market of financial services of Ukraine of the Joint-Stock Bank №321902 from 20.02.2006. • Insurance of public liability of owners of the ground vehicle (including responsibility of ferryman) is the licenses of the State commission of adjusting the market of financial services of Ukraine of the Joint-Stock Bank №321901 from 20.02.2006. • Insurance against the accidents is the license of the State commission of adjusting the market of financial services of Ukraine of the Joint-Stock Bank №321897 from 20.02.2006. • Insurance of investments is a license of the State commission of adjusting the market of financial services of Ukraine of the Joint-Stock Bank №082308 from 20.06.2006. • Insurance of financial risks is a license of the State commission of adjusting the market of financial services of Ukraine of the Joint-Stock Bank №082309 from 20.06.2006.
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Insurance market of Ukraine The rate of growth of the Ukrainian market of insurance will make 20-25% and till 2010 it will make about 2 milliards of dollars, developing mainly due to corporate insurance, the stake of which in the general volume of bonuses will be multiplied. The structure of the insured risks of population did not change in 2006-2007, among which a risk of the road traffic accident, fire and robbery of habitation. For most people insurance becomes the basic instrument of protecting from various risks, and the number of those people, who consider the insurance for empty spending of money, already goes down. In 2006 the volume of clean insurance bonuses was multiplied on 17,2% to 1 736,51 million USD. On the index of gross bonuses (clean bonuses taking into account an internal reinsurance) for proper period the growth on 7,6% to 2 738,59 million USD is also marked.
Basic indexes of the insurance market, million USD
The source: SCAMFSU
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market of Ukraine
• One of basic insurance market tendencies becomes the orientation on a retail segment. Only in 2006 payments from physical persons were multiplied by comparison to 2005 on 82,3% and made 583,33 million USD. Practically all insurance companies already declared about their output on a retail segment. Growth the volume of insurance bonuses is due to realization of insurance products through bank institutions. Thus, there are obvious possibilities for growth of this segment of market. Greater part of insurance bonuses is on the voluntarily property insurance, per 2006 the volume of clean insurance bonuses on this kind of insurance made 1 264,55 million USD, that on 16,1% is more than in 2005. • Growth of insurance bonuses in this kind became the result of swift development of the consumer crediting and stormy growth of the cars sales market.
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