Insurance products

To minimize risks due to entering insurance agreements, where PJSC “Kreditprombank”  is Beneficiary (entering insurance agreements by the borrowers is provided by the terms and conditions under loan agreement), the Bank has to make analysis of potential partners – insurance companies. In fact the quarter of 400 registered by State Commission on Financial Service of Insurance Companies Market Regulation (hereinafter referred to as IC) can be considered as those that perform the activity on the open insurance market, paying to a wide range of insurer which take high risk of failure to perform by a number of IC of own liabilities within insurance case occurs. Besides, with regret, in recent times some famous insurance companies were bankrupts with failure to perform their own liabilities on insurance cases, occurred to property of the insurers (including with the property provided as security to the banks) or directly to the insurers in substantial scopes.    
Only weighted policy of cooperation and analysis of insurance companies-partners of PJSC “Kreditprombank” provided ability to avoid substantial losses due to non performance by such companies their own liabilities on insurance cases, occurred under insurance agreements in past and in present to minimize these losses.