shareholders of Ukrainian insurance companies to solve their problems are increasingly resorting to bankruptcy organizations. This may adversely affect the ordinary customers of companies that face massive non-payment
shareholders of Ukrainian insurance companies to solve their problems are increasingly resorting to bankruptcy organizations. Told Oleg Sosnowski, Director General of the insurance company QBE Ukraine. According to the insurer, this may adversely affect the ordinary customers of companies that face massive non-payment.
At the moment a growing trend, where the shareholders UK concern at unsuccessful attempts to sell his business resorting to such unpopular way of solving problems as asset stripping of companies - said the expert.
This situation is explained by the fact that the quality of assets and business of insurance companies offered for sale, in most cases does not match the asking price, says Sosnowski. He said that international companies that could invest in the development of insurance business in Ukraine, now do not appreciate the expansion of its business in this area as a priority.
Those present at the Ukrainian market of the UK, which are for sale - is in most cases non-profit and non-liquid assets - said the insurer. There is - the results of the trends of the past period, when the insurance market has grown extensively, and amid the growing market was easy to make money by attracting premiums, but not to develop business in the long run, said Oleg Sosnowski.
This situation may have its positive consequences for the market - cleaning and correction can be completed even earlier than expected, predicts the insurer.
Since before October 2009 will be 100% perepodpisanie insurance contracts concluded in the last year before the onset of the crisis, in October we will see the real state market. We can assume that from this time and begin the restoration industry, - emphasizes the expert .
However, he said, as soon as possible on the Ukrainian insurance market is not expected major transactions for the purchase of insurance companies. Although the market today is still in the active phase of redeployment, the flow of strategic investments in the industry is very unlikely. Only a limited number of players can act as potential buyers of insurance companies, but even with the available funds for investment in the development of theirbusiness by making acquisitions, only a handful are prepared to actually make a transaction.
insurance company's clients when entering into new contracts Sosnowski recommends paying more attention to the shareholders of the insurance company: whether they are institutional investors or individuals, whether the strategic plans for business development, and for how long, etc.
Better the market ended the day the paper Mosenergo and Surgutneftegaz, whose growth was 2,3% and 1,3%
Oil and gas left in the green zone: Gazprom (0,07%), LUKOIL (0,05%), Surgutneftegaz (1.2%)
Tomorrow at the opening of VTB shares can punch up psychologically significant level of 4.5 kopecks
Renewal of the U.S. economy apparently retained confidence in the dollar as reserve currency
Europe: the telecommunications sector went up the hill
Daewoo will invest 1.7 billion dollars in gas exploration in Myanmar
Russia stock market open significant decline, unable to end morning trading to close «gap»
Begun the phase of recovery Sayano-Shushenskaya hydroelectric power station, which will require investments of 40 billion rubles
The worst of the market on Tuesday looked like the action Savings Bank, which are lower, probably contributed to the technical factors
Expert: Problems in the insurance companies are increasingly addressed through bankruptcy
shareholders of Ukrainian insurance companies to solve their problems are increasingly resorting to bankruptcy organizations. This may adversely affect the ordinary customers of companies that face massive non-payment
shareholders of Ukrainian insurance companies to solve their problems are increasingly resorting to bankruptcy organizations. Told Oleg Sosnowski, Director General of the insurance company QBE Ukraine. According to the insurer, this may adversely affect the ordinary customers of companies that face massive non-payment.
At the moment a growing trend, where the shareholders UK concern at unsuccessful attempts to sell his business resorting to such unpopular way of solving problems as asset stripping of companies - said the expert.
This situation is explained by the fact that the quality of assets and business of insurance companies offered for sale, in most cases does not match the asking price, says Sosnowski. He said that international companies that could invest in the development of insurance business in Ukraine, now do not appreciate the expansion of its business in this area as a priority.
Those present at the Ukrainian market of the UK, which are for sale - is in most cases non-profit and non-liquid assets - said the insurer. There is - the results of the trends of the past period, when the insurance market has grown extensively, and amid the growing market was easy to make money by attracting premiums, but not to develop business in the long run, said Oleg Sosnowski.
This situation may have its positive consequences for the market - cleaning and correction can be completed even earlier than expected, predicts the insurer.
Since before October 2009 will be 100% perepodpisanie insurance contracts concluded in the last year before the onset of the crisis, in October we will see the real state market. We can assume that from this time and begin the restoration industry, - emphasizes the expert .
However, he said, as soon as possible on the Ukrainian insurance market is not expected major transactions for the purchase of insurance companies. Although the market today is still in the active phase of redeployment, the flow of strategic investments in the industry is very unlikely. Only a limited number of players can act as potential buyers of insurance companies, but even with the available funds for investment in the development of theirbusiness by making acquisitions, only a handful are prepared to actually make a transaction.
insurance company's clients when entering into new contracts Sosnowski recommends paying more attention to the shareholders of the insurance company: whether they are institutional investors or individuals, whether the strategic plans for business development, and for how long, etc.
Better the market ended the day the paper Mosenergo and Surgutneftegaz, whose growth was 2,3% and 1,3%
Oil and gas left in the green zone: Gazprom (0,07%), LUKOIL (0,05%), Surgutneftegaz (1.2%)
Tomorrow at the opening of VTB shares can punch up psychologically significant level of 4.5 kopecks
Renewal of the U.S. economy apparently retained confidence in the dollar as reserve currency
Europe: the telecommunications sector went up the hill
Daewoo will invest 1.7 billion dollars in gas exploration in Myanmar
Russia stock market open significant decline, unable to end morning trading to close «gap»
Begun the phase of recovery Sayano-Shushenskaya hydroelectric power station, which will require investments of 40 billion rubles
The worst of the market on Tuesday looked like the action Savings Bank, which are lower, probably contributed to the technical factors