OREANDA-NEWS. On 27 June 2008 was announced, that on the 18th of June, the regular meeting of the Supervisory Board of directors of "Oranta" Incorporated took place. The representatives of the shareholders, in particular, heard the information about planned complex of actions for implementation of the software INSIS in "Oranta" Incorporated with the indications of necessary parallel processes (new data warehouse, channels of communication, training the specialists, and etc.), as well as took to the consideration the information about the course of realization of balance auditing check of the Company, which is performed by the company "Pricewaterhousecoopers". Let’s remind that the balance audit is the component for switch over of "Oranta" Incorporated to the accounting according to International standards of financial reporting.

The members of the Supervisory Board of the Company were submitted with the operative report about the activity of "Oranta" Incorporated during May of this year, as well as the new concept on operations with banks.The reason for development of the concept is the desire of the company to increase the volume of the collected insurance premiums through banking establishments in 2008 and to provide with the qualitative operation with banks in the retail segment. The long-termed perspective is to develop the bank assurance, based on the generally accepted model and the experience of the countries in Western and Eastern Europe and reinforcement of leader’s positions in the sphere of banking insurance in the market of Ukraine.