National joint-stock insurance company "Oranta" was founded in October, 25, 1921. Before 1993 the Company was named "Ukrderzhstrah".
According to the resolution of the Cabinet of Ministry of Ukraine of 07.09.1993 ¹709 in 1994 National joint-stock insurance company "Oranta" was created on the basis of Ukrderzhstrah public corporation . State Property Fund of Ukraine has become the founder of the corporation on the part of the country. In 2002 28.85% of share holding of the "Oranta" Incorporated statutory fund was bought by JSCB for social development “Ukrsotsbank”.
On the 4th of February, 2004 the Cabinet of Ministry of Ukraine issued the order ¹49-š “On implementing measures for "Oranta" Incorporated security development” which allowed to carry out the fifth emission of the company’s shares, leading to the two times increase of the amount of its authorized capital stock to 44,65 million hryvnas, while the amount of state share holding decreased from 50% plus one stock to 25% plus one stock.
Carrying out of the above-mentioned emission of the "Oranta" Incorporated share holding enabled the Company in summer of 2004 to obtain additional funds in the amount of 22.3 billiard hryvnas for the Company’s development.
On the special meeting of stock-holders of the Company that took place in September, 16, 2005 they made a decision about further increase of authorized capital stock from 44,65 million hryvnas to 79,67 million hryvnas.
In December, 2005 a group of Kazakhstan investors bought 45,3% of the "Oranta" Incorporated shares which contributed to a further improvement of the Company’s asset profile structure and increase of its paying capacity.
The Company is guided by the strategy of increasing its share in the classical market segments and at the same time it is constantly increasing the number of insurance products to satisfy the needs of potential clients maximally.
In 2006 the following insurance programs were introduced and implemented into the Ukrainian market:
inhabitants’ insurance: voluntary insurance of the apartments, movable property and liability;
buildings’ insurance (including summer houses and houses without permanent residents);
personal property insurance which is a mortgage item;
voluntary insurance of the financial risk of the property owner which is connected with the property loss as a result of possession right termination (insurance product “Titul”);
motor policy as a part of the voluntary insurance program of mortgaged vehicles “Bank KASKO” and “Bank KASKO Economy”);
corporate property insurance: voluntary animal insurance of animals belonging to juridical persons;
package (multiple-risk) insurance of the further yield of agricultural crops for the spring – summer season, complex insurance of winter crops.
Within a year the insurance products on voluntary insurance of corporate property has been modernized, including corporate mortgaged property insurance and corporate rented property insurance, freights insurance; voluntary insurance of civil-legal liability of owner (lessee) of the uninhabited premise before the third party; voluntary building and assembling insurance; voluntary civil liability insurance of the owner or operator of small water transport, voluntary self-insurance of people taking the credit; voluntary medical insurance and voluntary personal insurance etc.
Today "Oranta" Incorporated is a strong company. It has the largest agency and representation toils in the country. The Company has available more than 7 thousand insurance agents, 676 representative offices and 28 managements in particular, 503 balance departments, 141 off-balance departments and 4 agencies.
It provides exclusive availability of insurance services to the broadest layers of population. "Oranta" Incorporated offers the market more than 50 insurance types which satisfy needs practically of all categories of clients.
