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Eng
21 April 2015

Raiffeisen Bank Aval and FlyRe launched an online insurance exchange for borrowers

Kiev. April 21. — Raiffeisen Bank Aval in cooperation with Ukrainian software developer in the insurance industry — LLC «FLY RENSURANCE” launched April 20, unique for the Ukrainian banking system the solution to online insurance of collateral (bank.fly-insurance.com).

This decision will help the small and Mcroberts Bank to simplify the process of choosing an insurer, make search more transparent, and most importantly — will give customers the ability to quickly and conveniently get the cost of insurance in different insurance companies that meet the requirements of the Bank, without visiting offices of insurers.

the project “flay insurance — the Ukrainian market of insurance” that the client online is simultaneous and immediate access to the entire market or a segment of it, namely — in the number of insurance companies, bypassing the various “filters” on the way to determining the cost of insurance. This guarantees the speed of obtaining rates, the opportunity to compare and choose the best deal, so and then promptly issue the insurance contract.

“We expect this solution will greatly enhance customer satisfaction in the process of collateral security, will give confidence about the fair and fair prices», — says Paul Loznevoy, founder of the project Run.

“every year about 3 thousand of our customers, small and micro business want to comfortable and independent from staff services to determine their insurance costs of collateral and choice of insurer — said Robert Kossmann, Deputy Chairman of the Board of Raiffeisen Bank Aval. — And we are glad that we can now offer them that opportunity”.

OOO «FLY RENSURANCE” founded in 2013. The company is a developer and administrator of the international online platform in the field of reinsurance (fly-re.com), which was started over a year ago, and today’brings together insurance and reinsurance companies from more than 25 countries in Western and Eastern Europe, Central Asia, and South and North America. The founder of the company was Ukrainian businessman Paul Loznevoy.

Raiffeisen Bank Aval was founded in March 1992 (before 25 September 2006 — JSPPB "Aval"), for many years ranked among the leading banks on a number of key indicators. Since 2005, the Bank became a part of Austrian banking group Raiffeisen Bank international AG (since October 2010-Raiffeisen international Bank-holding AG).

Raiffeisen Bank Aval — a universal Bank providing a wide range of standard and innovative services about 3 million customers through its network of 671 branches throughout Ukraine.