The insurance company “Knyazha Vienna Insurance Group” (Kyiv) in January-September 2022 collected UAH 866.8 million of insurance payments, which is 10.62% more than in the same period a year earlier, according to the website of the Standard-Rating rating agency “, which confirmed the financial strength/credit rating of the company at the level of “uaAA +” for the first 9 months.
Receipts from individuals increased by 17.66% to UAH 638.029 million, and from reinsurers – by 55.13% to UAH 771 thousand. At the end of nine months of 2022, the share of individuals in the company’s gross premiums was 73.61%, and the share of reinsurers was 0.09%.
Insurance payments sent to reinsurers for 9 months of 2022 compared to the same period in 2021 increased by 39.28% to UAH 289.784 million. Thus, the coefficient of participation of reinsurance companies in insurance premiums increased by 6.88 percentage points. up to 33.43%.
Net premiums increased by 0.25% to UAH 576.970 million, while earned premiums increased by 13.50% to UAH 586.665 million.
The volume of insurance payments and indemnities for the nine months of 2022 compared to the same period in 2021 decreased by 3.46% to UAH 285.393 million. Thus, the level of payments decreased by 4.80 p.p. up to 32.93%.
The financial result from operating activities for the nine months of 2022 compared to the same period in 2021 increased by 81.15% and amounted to UAH 44.649 million, while net profit increased by 39.19% to UAH 68.087 million.
•The company’s assets as of September 30, 2022 increased by 18.40% to UAH 1.758 billion, equity increased by 17.53% to UAH 417.131 million, liabilities increased by 18.67% to UAH 1.341 billion, cash and equivalents increased 2.43 times to UAH 180.370 million.
At the same time, the RA notes that as of the reporting date, the insurer made financial investments in the amount of UAH 639.752 million, which consisted of government bonds (UAH 537.984 million), as well as deposits in banks with a high credit rating (UAH 101.768 million).
PJSC “IC “Kniazha Viena Insurance Group” is a part of the National Financial Group “Vienna Insurance Group Ukraine” (the main shareholder of which is Vienna Insurance Group AG Wiener Versicherung Gruppe (Austria). The group also includes PJSC “IC “Ukrainian Insurance Group” – 100% , PJSC “SK “Kniazha LIFE Vienna Insurance Group” – 97.8%, LLC “USG Consulting” – 50.7%, LLC “VIG Services of Ukraine” – 78.7%, LLC “Assistant Company” Ukrainian Help Service ” – 100%
At its meeting on November 2, the Swiss Federal Council adopted an action plan to mitigate the impact of the coming winter on the people of Ukraine. Switzerland is providing CHF 100 million in aid, in particular for projects financing the urgent rehabilitation of Ukraine’s energy infrastructure, the press service of the Council has reported.
“Around 18 million people in Ukraine – some 40 per cent of the population – are dependent on aid due to the war. With the onset of winter, this number may rise to 24 million. Over 30 per cent of Ukraine’s energy infrastructure has been damaged. The targeted attacks have left many places without access to drinking water, as well as disrupting power and telecommunications. Ukraine requires additional aid from the international community to deal with this emergency,” the Council said.
In this regard, the Federal Council adopted the Winter Aid Action Plan to support the people of Ukraine. In addition to its existing humanitarian undertaking in Ukraine and the region, including projects to support the urgent rehabilitation of energy infrastructure and alleviate the precarious humanitarian situation. Switzerland is helping Ukrainian energy companies purchase energy sources and spare parts, contributing to the repair of rail fastening systems (for the transport of heavy goods such as grain) and providing humanitarian support to help those worst affected by the war in Ukraine to prepare for winter (replacing windows, providing insulation and food, etc.). Efforts are also under way to determine if Switzerland can supply further relief goods such as generators, pumps or water treatment installations.
The Federal Council will submit a request to Parliament for a supplementary credit of CHF 76 million to cover these lines of action.
Following the results of the matches of the sixth round of the UEFA Champions League group stage, a complete list of teams that won tickets to the 1/8 finals of the tournament was formed.
By the second session of the matches of the reporting round, one ticket remained vacant, for which the local Milan and the Austrian Salzburg were fighting for it face-to-face in Italy. Milan won 4-0, scored 10 points and qualified for the play-offs from second place in Group E. Chelsea finished first with 13 points.
Bayern Munich (Germany), Manchester City, Tottenham, Chelsea (all England), Porto (Portugal), Napoli (Italy), Real “(Spain), “Paris Saint-Germain” (France).
From the second places, in addition to Milan, Liverpool (England), Brugge (Belgium), Inter, Milan (both Italy), Eintracht Frankfurt, RB Leipzig were selected for the 1/8 finals , “Borussia Dortmund” (all – Germany), “Benfica” (Portugal).
Consolation trips to the playoffs of the Europa League, the second-highest club tournament on the continent, were taken by the teams that became third in their Champions League groups: Ajax (Netherlands), Bayer (Germany), Sporting CP (Portugal), Salzburg (Austria), Shakhtar (Ukraine), Barcelona, Sevilla (both Spain), Juventus (Italy).
Group outsiders dropped out of European competition: Rangers (Scotland), Atletico (Spain), Victoria (Czech Republic), Marseille (France), Dynamo Zagreb (Croatia), Celtic (Scotland), ” Copenhagen (Denmark), Maccabi Haifa (Israel).
The draw for the 1/8 finals of the Champions League will take place on 7 November in Nyon.
The United States has launched a $47.6 million demining assistance project in Ukraine, the State Department said on Wednesday.
“September 30, the State Department provided $47.6 million to Tetra Tech, Inc. of Pasadena, California to provide emergency humanitarian mine clearance assistance to Ukraine,” the statement said.
Under the terms of the project, the company will “strengthen Ukraine’s ability to detect and clear landmines, unexploded and abandoned ordnance, improvised explosive devices and other explosive objects from civilian areas.”
In addition, Tetra Tech will provide Ukraine with the tools needed to carry out demining work.
This project is part of a $91.5 million demining assistance the State Department will provide over the coming year.
The opposition Likud party and its partners in Israel’s right-wing bloc may win a parliamentary majority in Israel’s parliamentary elections, The Jerusalem Post reports, citing polling results at the exit from polling stations.
Netanyahu’s bloc, which includes the Likud, the Religious Zionists, the single list of ultra-Orthodox parties Yahadut HaTorah and the ultra-religious Shas, can win 61 seats out of 120, according to exit polls. The Times of Israel predicts that the bloc Netanyahu will have 61-62 seats, Channel 12 predicts that the Netanyahu bloc will have 61 seats, Channel 13 – 62 seats, while the bloc of current Prime Minister Yair Lapid, according to the exit polls of these two channels, has 54-55 seats.
According to the Channel 12 exit poll, the Likud party, led by Netanyahu, could get 30 seats. According to the Channel 13 exit poll, Likud could win 31 seats. Lapid’s Yesh Atid party won 24 seats, according to exit polls from both channels.
However, the balance of power after the counting of all votes may still change, but the Israeli media is generally inclined to believe that, following the results of the current elections, Netanyahu may be able to regain power and become the head of government again. The final results will be known in the coming days, but by Wednesday morning, with the exception of some details, it will already be clear what the balance of power in the 25th Knesset will be, media say.
Polling stations in Israel closed at 22:00 (22:00 Kyiv time). The Israelis elected a new unicameral parliament, the Knesset.
The Ukrainian Danube Shipping Company (UDP) is launching the Danube Grain Route project due to the disruption of the “grain initiative” by Russia, UDP CEO Dmitry Moskalenko said on his Facebook page.
“Back in the summer, we assumed that Russia could at any moment try to disrupt the Grain Initiative. Therefore, we persistently and systematically developed our Danube Grain Route project,” Moskalenko explained.
According to him, UDP has invested in the creation of its own transshipment of grain and agreed with the Romanian partners – the TTS group of companies – on a faster and more efficient transshipment scheme in the port of Constanta.
Among the advantages of the new grain project at the first stage, Moskalenko noted that due to the faster loading and unloading process, the average caravan turnaround time will be reduced by about 30%. As a result, cargo owners will not have to bear financial losses due to long queues near the terminal.
In addition, the Director General of the UDP predicts that in the future the barge caravan will be able to carry out up to two trips per month due to the equipping of ships with online control systems, video surveillance and an increase in the number of navigators in the crew.
Moskalenko also said that at the second stage of the project, it is planned to build new barges, to increase the “tonnage” capabilities and modernize traction – a major overhaul of the self-propelled fleet with the replacement of engines.
As reported with reference to the data of the Ministry of Infrastructure of Ukraine, in just three months of the implementation of the Grain Initiative, 422 ships from Ukrainian seaports exported about 10 million tons of agricultural products. This volume could be 30-40% more if Russia did not block inspections in the Bosphorus.
On the afternoon of October 31, the press secretary of the Russian president, Dmitry Peskov, said that without the participation of the Russian Federation, the export of Ukrainian grain would hardly be feasible. At the same time, he noted that from now on the grain deal acquires a “risky and non-guaranteed character.”
