UKRAINE: GUARDIAN gets the right to insure under the Green Card system

20 November 2019 — Marina MAGNAVAL
Insurers - full members of MTIBU (Motor (Transport) Insurance Bureau of Ukraine) have now been joined by GUARDIAN, which got the right to sell Green Card policies, Forinsurer reports.

The company will be able to conclude international insurance contracts within the Green Card system starting January 2020. According to the insurer, in 2019 positive development of the local market and the company itself, as well as transparent business processes and the management level, allowed to attract foreign investments - the company got a new owner - Arunas SHIKSHTA, a large Lithuanian financial specialist and investor, who now owns 70% of the company.

"Ukrainian market is very promising, I would recommend entering it now", said SHIKSHTA in an exclusive interview with Interfax Ukraine.

At the moment, the total number of local insurers full members of MTIBU is 11; among them counts NASK, ORANTA, INGO Ukraine, KNYAZHA, PZU Ukraine, TAS and others.

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