Currently Ukraine’s IT industry stands among the top-5 fastest growing segments of the national economy and even ranks high up internationally for its growth rates. As of October 2015 the amount of foreign investments in this field accounted for over $ 2 bln with this number having promising prospects in future as well. Fairly enough, the majority of companies leading in this field are those partially owned by foreign entities or individuals which for the most part are used to covering possible risks associated with the companies’ operations by insurance policies.
Given the share of land suitable for agriculture in Ukraine accounting for almost 70 % of land area, it is safe to assume that this asset should be main priority in terms of governmental protection and regulation as stability in the field of agriculture is an integral part of the stable development of national economy as a whole. Insurance is of great importance in this matter. However, currently our country faces the situation when hardly 4 % of overall land under crops falls within insurance coverage. It is worth mentioning that distinctive agricultural insurance feature is reflected by high risk-high cost relationship. Moreover, the culture of insurance leaves much to be desired.
This overview might be interesting for farmers who already own farms in Ukraine, or investors looking for farms for sale in Ukraine or even Ukraine’s land for sale (though this option might be available only after lifting moratorium in 2017).
Psychologists believe that extroverts are always more successful and are much more comfortable in business environment than their psychological antipodes - introverts. Is it really so? Which dangers lurk in wait for the extroverts and how to avoid them?
Lately Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has been trying to level prices for Motor Third Party Liability Insurance (MTPL) policies which are actually to be even in the market under current legislation.
It goes without saying that regardless of the geographical location the interests of lending institutions and insurance companies are bound to meet. The above mentioned is naturally true for Ukraine. Banks, investment banks, credit unions worldwide always stipulate in their agreements with a borrower that the mortgage be insured properly. Banks in Ukraine, however, went to greater lengths in this matter. The listing of accredited insurance companies has become commonplace. The underlying principle of this phenomenon comes down to limiting the choice of insurers for the borrowers upon the bank’s discretion. It has both positive and negative effects which will be uncovered next.
It’s no secret that recently numerous developments in political and economic spheres brought about changes into the life of whole country. If we compare ordinary people’s welfare last year to life in Ukraine 2015 and projected life in Ukraine 2016, there will be an obvious and major change, namely – the impact of depreciation of hryvna against US dollar. Sky-rocketed prices made a great number of people reconsider their expenses, including the amount of money that was normally spent on insurance.
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