PrivatBank has begun the procedure for accreditation of insurance companies

PrivatBank has begun the procedure for accrediting insurance companies that will become the bank's partners in insurance of leased, pledged, mortgaged property, personal insurance of borrowers, as well as mass sales of insurance products.

As reported by the bank, participation in the accreditation can be accepted by any insurance company that meets the general requirements stipulated by the accreditation mechanism.

“PrivatBank is now open to cooperation with all insurance companies in Ukraine, offering our clients modern and profitable insurance products,” says Oleksiy Turivnoy, Head of the Insurance Business Division at PrivatBank.  - Our branch network and modern electronic technologies give insurers a unique opportunity to offer services to millions of bank clients and sell services and communicate with clients through digital channels without unnecessary costs.

In particular, in order to obtain accreditation, the bank's insurance partners must conclude an agreement on opening a current account with CB "PrivatBank" for crediting insurance payments from sales of insurance products to the bank's clients and partners, have an irreducible balance on the current account and conclude an agreement on placing a term deposit in the amount of not less than 3% of the amount of formed insurance reserves.  PrivatBank also offers insurers to use electronic document management, the services "Folder24" and Invoice when working with the bank.

Source: forinsurer.com