OREANDA-NEWS. On 31 December 2008 was announced, that on December 23, 2008 the Ukrainian Insurance Federation performed procedure of the state registration, on the same day the Antimonopoly Committee of Ukraine gave the consent to its foundation.

10 insurance companies became the Founders of the Federation, notably: NASK "Оranta", ОАО USK "Generally Garant", ZАО АSК "INGO Ukraine", SG "ТАС", ОАО SK "Universal", ZАО SК "АХА Insurance", ZАО SК "Generally Garant Life Insurance", ZАО "European Tourist Insurance", ZАО SК "Oranta-Life" and ZАО "Prosto-Strakhovanie. Life and Pension".

The Federation has been founded to assist in development of a classic insurance in Ukraine acc. to the principle of transparency, ensuring a high level of insurance services to be rendered by the Members of the Federation, integration of Ukrainian and European markets of insurance, protection of the Federation Members, non-admission of the Members' fraudulent activity.

At the first meeting of the Insurers-Members of the Federation which was held on December 24, 2008, Mr. Zavada Aleksandr Leonidovych, Vice-President of OOO IMG International Holding Company, was elected the President of the Federation (company managing the NASK "ОRANTA" and SК "Оranta-Life"), the Presidium and Executive Board have been formed, the other documents necessary for a normal running of the Federation have been proved, the main directions for the activity of the Federation in 2009 were established, among them the following: development and implementation of anticrisis measures, assistance in improvement of state regulation of insurance activity, in particular, increase in the regulator's institutional capacity, foundation of "Europool 2012", assistance in standardization of re-insurance activity in connection with entry of Ukraine to WTO, publication of information about activity of the Federation Members, improvement of taxation system for the participants of insurance market, assistance in implementation of obligatory medical insurance with participation of insurers, assistance in adoption of a new wording of the Law of Ukraine "On insurance", improvement of relations between insurance companies and banks, forming a system of agricultural insurance with the assistance of the state, assistance in implementation of pension reform that provides for introduction of obligatory pension insurance with participation of insurers.

On the same day, Mr. Kolosyuk Borys Grygorovych, who earlier held the position of Chief Executive Officer of OAO Generally Garant, was elected the Director General of the Federation; The Presidium of the Federation aproved and presented a package of anticrisis measures to State Commission for Regulation of Financial Services Markets (Gosfinuslug), completed following the results of the Gosfinuslug's meeting initiated by insurers-members of the Federation, which was held on December 23th 2008.

At the briefing concerning foundation of the Ukrainian Insurance Federation Mr. Pomekha Aleksandr said, - The Federation is free for entry of insurers and other participants of the insurance market, who are ready to assume the relevant obligations stipulated by the Charter and have a good business reputation, irrespective of their specialization and volume of services to be rendered.