KIEV, Nov. 3 – The financial crisis will lead to a redistribution of the Ukrainian insurance market, the head of the supervisory council of Kiev-based Oranta National Insurance, Oleh Spilka, told the press.

He said that in three or four months around 60% of companies that are greatly dependent on banking insurance, and dealers in this type of insurance, would be on the verge of bankruptcy.

Spilka also said that some companies that are in the top 30 have losses of over 100%.