Development of tourist insurance is closely connected with the general situation on the tourist market. Therefore the events occurring in travel business because of negative macroeconomic conditions of last years are bound to be reflected in volumes of the market of travelling insurance. Gradual stabilization of the economy has led to growth of the market of touristic insurance in 2010 averagely by 20 %.
Over a long period of time IC "NOVA" successfully sales insurance policies both for travelling in Ukraine and leaving abroad. Achievements of IC "NOVA" in the given area are confirmed by authoritative ratings. According to version of the magazine "Ukrainian tourism", it is recognised as the leading insurance company in the field of touristic insurance. Following the results of 2010, summarized by the magazine “Insurance TOP”, IC "NOVA" entered the TOP-15 of leading Ukrainian insurance companies in this type of insurance. For the accounting year, the positive trend of growth of the basic financial indicators in touristic insurance was noticed. So, the amount of insurance premium increased by 35.5% in comparison with 2009 and made UAH 3,412.6 thousand. The total amount of payments increased by 25.9%. As statistics shows, in 2010 clients more often bought policies when departure from Ukraine into countries of mass tourism. Traditionally most active demand for policies of touristic insurance was observed during holiday summer months. For travelling in Ukraine the company offers the policy which covers expenses for emergency medical care, and also provides the opportunity to take out insurance against accident. Operating in IC "NOVA" programs for insurance of leaving abroad cover almost whole focus of interest of tourists, provide flexible system of discounts and are capable to satisfy the most exacting client. Travellers can choose from proposed wide list of insurance risks the required and create an insurance coverage. IC "NOVA" is accredited in embassies of all countries of the Schengen zone that allows to issue policies of insurance to leaving abroad citizens wishing to receive Schengen visas. Among partners of IC "NOVA" - tourist operators with unblemished reputation. Having investigated the European touristic market of insurance and, in particular, features of the Ukrainian market, and also requirements of citizens, the company have developed two types of policies. The package of the type "A" policy covers acute care: medical, dental, transportation and repatriation of insurant, and also repatriation of insurant remains. In addition, the policy gives the opportunity to take out insurance against accident consequences. Besides risks covered with the policy of type "A", the policy of type "B" includes compensation of expenses for visit of close relative, evacuation of children, insurance of financial risks during travel, substitution of insurant and pre-term return of insurant. Together with the basic program the opportunity to get additional options is given to client. For example, in case of choice of additional health insurance client can continue treatment in Ukraine. For insurance against risk of foreign tour impossibility the company will cover the losses incurred by the tourist because of travel which has not taken place by virtue of certain reasons. The program of insurance against accident provides compensation of medical expenses in case of accident. Therefore complex programs of touristic insurance of IC "NOVA" - is a reliable coverage in travel from its beginning to end.
