Disregarding the war, ASVIO Investment Holding will acquire the Kraina insurance company.

The ASVIO Investment Holding compay, which owns Asvio Bank, announced the acquisition of the Kraina insurance company. The deal occurs during the full-scale war, amid high competition in the insurance market. The purpose of the purchase is to create a digital flagship in the insurance sector. The holding intends to integrate IT solutions already utilized in the banking sector into this new segment. This pertains to the company’s experience in developing the Garantiya.com platform, which enables enterprises to conduct financial transactions online.

ASVIO Investment Holding invests not for short-term profit but for long-term development, looking 10-20 years ahead. However, developing the insurance company will require significant investment.

Previously, the holding also invested in food industry enterprises, notably purchasing the real estate of the former Rosynka factory, where production has already resumed. Even in wartime, ASVIO continues to invest in Ukraine, and the holding company has not ceased operations since the onset of the full-scale invasion, creating new jobs and implementing large-scale projects across several industries.