Classic Life Insurance will transfer its insurance portfolio to Forte Life

The international insurance company Classic Life Insurance announced that it is preparing to transfer its insurance portfolio to Forte Life. This statement was made at a press conference in Cherverg, March 1.

Yes, the shareholder of Classic Life Insurance, Mr. Nikos, explains his decision by the unfavorable situation on the Ukrainian market.

"Currently, a foreign investor does not understand how to work in Ukraine in the conditions of the reality that has developed here today. Unfortunately, many points are of concern. Especially the situation with insurance brokers and independent agents who receive a serious commission from insurance companies, but do not bear any responsibility for false information when selling insurance policies. Quite often, the activities of such persons are illegal, but there is no mechanism for holding them to real responsibility. This causes serious concern and poses significant threats to the further development of the insurance sector in Ukraine," he said.

In turn, the company's director, Alexander Prokofiev, reassured that this operation would not affect clients in any way.

It is noted that the portfolio will be transferred to an insurance company that has an impeccable reputation and experience in servicing portfolios of other companies. This is Forte Life.

The Classic Life Insurance company is a serious player in the insurance market. Evidence of this is the fact that over the past five years four million euros have been invested in it. In 2017, it was included in the TOP-8 best life insurance companies in Ukraine.

Source: Obozrevatel