“Cremen” Insurance Company, JSC was founded on 3rd October, 1996 in Kremenchug, Poltava region.

          In 2001 company shareholders decided to move the corporate headquarters to Donetsk city. This year is to be considered the beginning of a new age in the history of the Insurance Company. It could be proved by the fact that following the results of last three years financial statements the Company became one of the leaders of Ukrainian insurance market. Since the very first day of its foundation up to the present time the Company has gained a substantial experience in development and sale of insurance products.   

          Nowadays “Cremen” IC has licences for 12 kinds of optional insurance and 6 kinds of obligatory insurance:

№	Licence name	Series	№	Term of validity
Optional insurance:
1	Credit insurance (including liability of the borrower for credit nonredemption)	АВ	360048	permanent
2	Health insurance in case of sickness	АВ	360049	permanent
3	Civil liability insurance of land transport owners (including carrier's liability)	АВ	360050	permanent
4	Third party liability insurance (except for civil liability of land, air, water transport owners (including carrier's liability)	АВ	360051	permanent
5	Insurance of railway transport	АВ	360052	permanent
6	Insurance of medical expenses	АВ	360053	permanent
7	Accident insurance	АВ	082434	permanent
8	Insurance against fire risks and risks of natural disasters	АВ	082435	permanent
9	Property insurance (except for rail, land, air and water transport (inland marine and other water transport), cargo and baggage (freight baggage)	АВ	082436	permanent
10	Cargo and baggage (freight baggage) insurance	АВ	082437	permanent
11	Insurance of land transport (except rail)	АВ	082438	permanent
12	Insurance of financial risks	АВ	469830	permanent
Obligatory insurance:
15	Civil aviation insurance	АБ	158728	permanent
16	Liability insurance of dangerous go ods carriers in case of negative consequences of dangerous goods transportation	АБ	321592	permanent
17	Civil liability insurance of economic agents for damage that may be caused by fires and accidents at major hazard objects, including fire-and-explosion dangerous objects and objects, which economic activity can lead to accidents of ecological and epidemiological nature	АБ	321846	permanent
18	Personal insurance of departmental and rural fire service and members of voluntary fire brigades (teams)	АВ	082441	permanent

            Thus the Company is able to satisfy demands of private clients as well as demands of big industrial enterprises. It could be proved by the list of our customers – leaders in their branches. Here included:
“Nord” JSC
“Trade Alliance NORD” PJSC
“Starokramatorsk Machine building factory” Ltd.
“Donetsk High Voltage Towers Factory” PJCS
“Energomashspetsstal” JSC
“Leman Ukraine” Ltd.
“Metinvest Ukraine” Ltd.
“Bakhmut Agricultural Union” PJSC
“Intertechnika” PJSC
“Gorovka Meat Packing Plant” PJSC
“Region” Ltd.
“Veres” Ltd.
“Esco” DP II
“Azovintex” Ltd.
”Donbassdorstroy Trust” PJSC
“Ukrvtorresursy” Ltd.
“Knauf Gips Ukraine” Ltd.
“Knauf Gips Donbass” Ltd.
“Metallurg” FC Ltd.
“TAR ALLIANCE” Ltd.
“ISD” Sport Club” Donetsk city public organization
“Yalta-Intourist” JSC SC
“Skif-Shipping” Ltd.
“SAM” Tourist Company” Ltd.
“Altcom” Financial-industrial group
“Antalex Group of companies” Ltd.
“Ecoenergia” PJSC
“Alchevsk Iron and Steel Works” PJSC
“Dnepropetrovsk  Iron and Steel Works named after F.E.Dzerzhynsky” PJSC
“Alchevsk by-product coke plant” PJSC
“GERC stroi” Ltd.
“Concern STIROL” PJSC
“ISD-AVIA Airlines” Ltd.
“Donetsk-Vtorma” Ltd.
“Technological and special equipment” PJSC

            In order to achieve the most secure and well-balanced insurance portfolio, as well as to ensure the appropriate level of profitability of insurance operations and maintain the definite level of solvency and financial stability “Cremen” IC applies a number of reinsurance programs. At the same time the special attention is paid to the reliability of placement of outgoing risks with high rating foreign reinsurers and the leaders of the national insurance market.

            Nowadays the following reinsurance programs are applied by “Cremen” Insurance Company:

       1. Obligatory protection of insurance portfolios:

       Property:
      Type of contract: Contract of obligatory reinsurance on the basis of surplus amounts.
Reinsurers: SCOR Global P&C, France (Leader) and JSC “Russian Reinsurance Company”, Russia.
The contract limit: 5 000 000,00 USD for one object of insurance
Proper retention of "IC" Cremen" JSC: 200 000,00 USD for a single object of insurance.

       CASKO:
       Type of contract: Obligatory contact of proportional reinsurance based on surplus amounts.
Reinsurer: “Ingosstrakh” IJSC, Russia.
The contract limit: 150 000,00 USD for one object of insurance Proper retention of "IC" Cremen" JSC: 15 000.00 USD for a single object of insurance

        Traveling abroad: 
        Type of contract: obligatory reinsurance contracts on the basis of excess of loss (labor and catastrophic coverage).
Reinsurer “Russian Reinsurance Company” JSC, Russia.

• work coverage:
  The contract limit: 50 000,00 EUR for one insured accident Priority "IC" Cremen" JSC: 5000,00 EUR for one insured accident Surplus: 45 000,00 EUR for one insured accident
• catastrophic coverage:
  The contract limit: 500 000,00 Euro for one insured accident Priority "IC" Cremen" JSC: 20000,00 EUR for one insured accident Surplus: 480 000,00 Euro for one insured accident

         2. Optional Reinsurance:
         Main partners in the sphere of an optional reinsurance:

         Companies - residents of Ukraine:
         “Oranta” NIC,  "Lemma" CJSC IC, "INGO Ukraine" JSC IC, "TAS" CJSC Insurance Group, "IC Busin" CJSC, "Omega" JSC IC, "PC" Leader RE » JSC, "Arsenal –Dnepr” CJSC IC, “UASK ASKA" CJSC, " Insurance Company "Illichivske" JSC, "IC" Alliance " CJSC, " VAB Insurance” CJSC, Insurance Company "Dnipro", "Krajina" IC, "Crimean Insurance Company” JSC,  “Alfa-Garant” JSC IC, “Speech" JSC IC,  «AMG Group» Insurance Company and many others.

Companies - nonresidents:
«SCOR Global P&C», "Russian Reinsurance Company" JSC, “Ingosstrakh” JSC, "Unity Re" Ltd, "Eastern Reinsurance Company” CJSC, “Nakhodka Re" PO Ltd., “Munich RE”, “ACE European Group Limited” , “AIG Europe SA”, “CCR Insurance company”, “Hannover Re”, “QBE Insurance (Europe) Limited”, "Rosgosstrakh» JSC, “Schwarzmeer und Ostsee Versicherung AG SOVAG”, “Alliance” JSC (Moscow), "Military-Insurance Company" JSC, “RESO-Garantia” JSC, "SOGAZ” JSC.

Brokers:
”Marsh Europe SA”, “Oakeshott Insurance Consultants”, “Aon-Limited”.

          
Head Office: 89, Universitetskaya Str., 83048, Donetsk,  office 217,
tel.: +38 (062) 345-20-83, 345-06-31
Dneprpetrovsk regional branch: 15, Mechnikov Str., 48000, Dnepropetrovsk, , office 4,
tel.: +38 (056) 778-03-94
Kiev Branch: 19b, Institutskaya Str., 01021, Kyiv, tel.: +38 (044) 253-61-64
Alchevsk branch: 7, Menzhinsky Str., 94202, Alchevsk, tel.: +38 (06442) 7-37-44, (062) 381-28-70