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08.06.07 Basic financial indexes of company VAB Life grew significantly
After being for 3 years on the insurance market of Ukraine VAB Life has obtained a position among the main players of the sector and celebrated the anniversary of its creation with good indexes.
Today more than 3 thousand persons are insured by the company and the maximal amount covered by a life-insurance contract is 1.5 million US Dollars.
From 2005 on payment of amounts are covered by the strategic partner of VAB Life Muenchener Rueckversicherung (Munich Re); the world leader in the area of reinsurance of large risks.
According to the Director of VAB Life of Natalia Derevyanko, the positive dynamics of development of the company is based on its good reputation and high level of trust of its clients. Besides, being a part of the financial group VAB GROUP allows the company to offer a wide variety of insurance solutions for its clients.
On the 01st of April 2007 the charter funds of the company VAB Life amounted to
21 500 000 UAH, the volume of insurance payments is 3 254 000 UAH, insurance backlogs are
3 100 000 UAH and insurance payments 306 100 UAH.
The strategic plan of VAB Life foresees the expansion of the agent network, the multiplying of the volume of insurance payments and improving the index of investment profitability (in the last year this index was 13,6%).
Reference dataVAB Life is the legal successors of Joint-Stock Company «Insurance company «Leader Life», created in June, 2004.
In October, 2006 the company was re-registered with the new name VAB Life, following its integration in to the universal finance group of VAB GROUP.
VAB Life is a part of the international holding TBIH Financial Services Group N. V. (through Ukraine Pension and Insurance Holding B. V.), specialized on providing insurance services and services of the non-state pension.
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