Insurance company INGO, one of the top-10 market leaders in Ukraine, despite a decrease in the total number of reinsurers in the Ukrainian market, has signed new obligatory agreements for 2023 with the support of Western partners, Forinsurer writes.

To compensate for inflationary impacts, INGO increased total amount of the multi-risk obligatory program from UAH 1 billion to UAH 1.2 billion (~EUR 29.88 million), the cargo insurance section - from UAH 200 to UAH 300 million and increased its own retention rate from UAH 8 million to UAH 10 million. At the same time, the company can use its full reinsurance capacity (UAH 1.2 billion) when insuring property on the Ukrainian market.

INGO's reinsurers have Standard & Poor's international financial strength ratings of at least A+ and AM Best A-. The leader of the multi-risk obligatory program is the reinsurance company SCOR (France).

*EUR 1 = UAH 40.16 (24.01.2023)