OTP Capital presented promising strategies for insurance reserves management
OTP Capital asset management company participated in the first meeting of the Investment Committee organized by “Insurance TOP” magazine supported by National Commission on Financial Services and Kyiv-Mohyla Business School. Participants discussed the current state, problems and prospects of insurance reserves management, new instruments on the financial market, state regulation of the insurance market and current macroeconomic conditions. Taras Yeleyko, Head of Investment Department, represented OTP Capital and presented promising strategies of insurance reserves management.
“In current economic conditions effective asset and reserves management combined with proper risk management is critical for insurance companies. Current investment strategies should both maximize profitability and clearly regulate portfolio risks related with market value and liquidity changes, and bankruptcy of banks and bond issuers. We presented our four basic strategies using which insurance companies in current Ukrainian environment can receive profit for themselves and their clients,” says Taras Yeleyko.
At the end of 2014, OTP Capital became the first asset management company in Ukraine that acquired membership in The League of Insurance Organizations of Ukraine, the self-regulatory organization of insurance companies. Insurance companies are among the largest institutional investors and potential clients of asset management companies, which manage insurance assets and reserves. OTP Capital has assets management contracts with 4 insurance companies and manages assets of Ukraine's first unit-linked product. Company considers the cooperation with insurance companies as one of its priorities.
Asset management company OTP Capital was established in July 2007 and became the second after OTP Bank representative of OTP Group in Ukraine. The company provides a wide range of high quality investment services to both corporate clients and individuals and is one of the leaders of the collective investments market. AMC OTP Capital manages 7 public mutual funds, 3 venture funds, reserves of insurance companies and non-government pension fund. Total assets under management: UAH 192.2 mln.
Public joint stock company OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The Bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard. Its absolute owner is the largest Hungarian Bank OTP Bank Plc.