Business news from Ukraine

ALFA INSURANCE COLLECTS UAH 1 BLN OF PREMIUMS

10 December , 2020  

Alfa Insurance (Kyiv) in January-November 2020 collected UAH 1 billion, this is the first such indicator for the period of its work.
According to the insurer’s website, during the specified period, the bulk of premiums from the total insurance portfolio was received from the sale of products for personal insurance and KASKO insurance – 78%, while 22% accounted for insurance of property, cargo, liability, etc.
“Achievement of insurance premiums in the amount of UAH 1 billion in such a difficult year gives confidence in the correctness of the company’s development strategy and customer confidence. As for the product range, the key focus will be on medical insurance. Already, the company’s clients on voluntary medical insurance are more than 110,000 insured. In 2021, it is planned to invest in the digital transformation of current processes and the launch of innovative online solutions,” Viktor Grek, a member of the company’s board, said.
Alfa Insurance was founded in June 2000 and is among the top ten leaders of the Ukrainian insurance market. It offers a versatile portfolio of services, including comprehensive business protection programs and a wide range of insurance products for individuals.
The company has 25 licenses, including 18 for voluntary and seven for compulsory types of insurance. The company’s services are used by about one million customers.

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