Online Life Insurance
NG receives approval to start life insurance in Ukraine
ING announced today that is has received approval from the relevantauthorities to start life insurance operations in the Ukraine. Thiswill allow ING to enter the fast growing life insurance market in acountry with over 46 million inhabitants and a rapidly growing middleclass. ING considers Ukraine to be an attractive emerging market,with strong growth indicators and a huge potential.Jacques de Vaucleroy, member of the Executive Board of ING Group,responsible for Insurance Europe said: “Starting this life insurancegreenfield is in line with ING’s sharpened strategic focus onbanking, investments, life insurance and retirement services. Our aimis to build a leading position in the fast growing Ukrainian lifeinsurance market. I am confident that by utilizing our experience insetting up successful operations in other countries in Central andEastern Europe we will be able to make a swift and efficient start.”ING expects to launch its activities in the first half of 2009. Thehead office of the new life insurance company will be located in Kievand will be headed by Veronika Korolev as Chief Executive Officer.ING has been present in the Ukrainian market since 1994 and offersleasing and wholesale banking services. Last month ING started withthe rollout of a retail banking network, aiming to become one of thetop 5 retail banks in Ukraine by expanding to a nationwidedistribution network of over 250 outlets.Press enquiriesRaymond VermeulenING Group+31 20 541 5682Raymond.Vermeulen@ing.comING ProfileING is a global financial institution of Dutch origin offeringbanking, investments, life insurance and retirement services to over75 million private, corporate and institutional clients in more than50 countries. With a diverse workforce of about 130,000 people, INGis dedicated to setting the standard in helping our clients managetheir financial future.
Related Links:Comentarios
Leave a comment