OREANDA-NEWS. On 04 August 2008 was announced, that great attention both on the part of the president, government and "Oranta" Incorporated is paid to the problem of support to western regions of Ukraine, suffered as a result of natural disaster. Last Thursday the changes in the state budget, according to which UAH 5 200 millions have been allocated for the elimination of the flood consequences, were approved. The Ministry of Finance, the Cabinet of Ministers and the Supreme Soviet performed extraordinary seatings.

On Friday the State commission on settlement of financial services markets (Gosfinuslug) performed the meeting with the directors of insurance companies. The regulator determined the priorities in the insurers’ work on paying for the damage, caused by the natural disaster, i.e. the speed and payout in full amount, the correctness for performing payouts and absence of claims for insurance companies. The commission also demanded from the insurers not to refuse their clients in payout due to "formal matters".

With the purpose of operative settlement of problems, related to settling the damages due to contracts on natural persons’ and legal entities’ property insurance against natural disasters and in connection to the announcement of western regions of Ukraine to be the zone of ecological disaster, "Oranta" Incorporated established the emergency operative center for coordination of actions of structural departments of the company. The members of the center have already provided with the practical support in settling damages in Chernovtsy directorate, on Friday they visited Ivano-Frankovskiy directorate and on Saturday — Zakarpatskiy directorate. Besides there are damages in Ternopol, Lvov and Vinnitsa directorate. The most amount of applications for payout from natural persons is in Ivano-Frankovskiy directorate as this region has suffered greatly. In Chernovtsy region the property of legal entities has suffered, thus, the company will have a lot of work with corporative clients.

Not waiting for the decision of State commission on settlement of financial services markets, "Oranta" Incorporated has organized the work on quick payout to the suffered clients. The volumes and the amounts of payout are significantly enough. We have worked out the issue on simplifying the procedure for settlement of natural persons’ damages. On Thursday evening the documents, on the basis of which the payouts will be performed, were approved in the company. These documents are made out, taking into account the requirements of legislation and transparency for calculation of the amount of damages. To a maximum extent we reduced the set of the documents, necessary for payout of insurance indemnity, namely, an application of client about insured event, a simplified inspection certificate of damaged property, the calculation of the damage itself and an insurance act. The documents are simple enough. Soon we will provide Gosfinuslug with this procedure for settlement of insured events.

The company does not know the total measure of the damage yet. But as of Friday, 31st of July, the approximate anticipated measure of damage due to sum insured in Ivano-Frankovsk directorate made up UAH 5 mln. (2800 applications have been received), in Lvov directorate — UAH 833 500, in Vinnitsa — UAH 400 ths., in Chernovtsy — UAH 1 800 ths. (100 applications), in Zakarpatskiy directorate — UAH 400 ths. (239 application), in Ternopol UAH 180 ths. (105 applications), Odessa directorate has not figures yet. In total the damage of the company may make up more than UAH 10 mln. However this figure may be not final one. We intend to accept repeated applications of insureds after specification of disaster scale. At present day the water has not get off in all places.

The happened events once more confirm the necessity and social significance of insurance. The insurance policy guarantees the protection of acquired, earned property.