National joint-stock insurance company Oranta () is the oldest

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

company in

Ukraine Ukraine is a country in Eastern Europe. It is the List of European countries by area, second-largest country in Europe after Russia, which Russia–Ukraine border, borders it to the east and northeast. Ukraine also borders Belarus to the nor ...

, which provides a wide range of insurance services to both individuals and legal entities. The company is the legal successor of State Insurance of the

Ukrainian SSR The Ukrainian Soviet Socialist Republic, abbreviated as the Ukrainian SSR, UkrSSR, and also known as Soviet Ukraine or just Ukraine, was one of the Republics of the Soviet Union, constituent republics of the Soviet Union from 1922 until 1991. ...

, a division of

Gosstrakh USSR Gosstrakh SSSR () was the unified union-republican system of state insurance agencies in the USSR, under the jurisdiction of the USSR Ministry of Finance. History 200px, Gosstrakh insurance policy from 1926 After the October Revolution, the insu ...

History

The company traces its existence back to 1921, when the state insurance system was created in the

. During the Soviet period, State Insurance of the Ukrainian SSR had a monopoly on insurance in Ukraine, controlling both compulsory and voluntary insurance and playing an important role in meeting the socio-economic needs of society. After the collapse of the

Soviet Union The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet ...

and Ukraine's independence, the republican affiliation of the Gosstrakh, established on November 25, 1921, was incorporated as Ukrderzhstrakh (). On September 7, 1993, it was transformed into the National Joint-Stock Insurance Company Oranta, the founder of which was the State Property Fund of Ukraine. In 2007, the State Property Fund of Ukraine sold the last block of shares in state ownership to a private investor. Since 1994, Oranta has been a full member of the '' Motor (Transport) Insurance Bureau of Ukraine'' (MTSBU), and since 2003 a member of the Nuclear Insurance Pool. In September 2008, Oranta became one of the founders of the Ukrainian Insurance Federation (UFU). In December 2021 businessman Olaksandr Yaroslavsky gained majority shares in the company. As of 2009 the shareholders having more than 10% include Kazakhstan-based

BTA Bank BTA Bank () (''BTA Bank Joint-Stock Company'' in full) is a Kazakhstan bank with headquarters in Almaty. it was the third largest lender by assets. In 2009, BTA Bank was subject of one of the world's biggest financial frauds totaling US$5 bill ...

and BTA Securities as well as the Cyprus-based Saleta Limited and Colorino Trading Limited.

External links

References

{{reflist 1921 establishments in Ukraine 1993 establishments in Ukraine Financial services companies established in 1921 Financial services companies established in 1993 Insurance companies of Ukraine Ukrainian company stubs