Insurance company Quorum (Kyiv) in 2023 collected insurance premiums in the amount of UAH 49.5 mln, which is 35.2% more than in the same period a year earlier, said the rating agency (RA) Standard-Rating in the information on updating the credit rating / financial strength rating of the company on the national scale at the level of “uaAA”.
It is specified that the rating was updated on the basis of the analysis of the company’s results for the mentioned reporting period.
Receipts from individuals in IC for this period have grown by 36,36%, up to UAH 30,394 mln, and from reinsurers were absent. The share of individuals in gross premiums at the end of 2023 amounted to 61,42%.
Insurance payments sent to reinsurers amounted to UAH 16,067 million, which is 66,70% higher than in the same period of 2022. Thus, the ratio of reinsurers’ participation in insurance premiums has increased by 6,14 p.p., up to 32,47%.
Net premiums of the insurer have increased by 23,92%, to UAH 33,421 mln, and earned premiums – by 20,90%, to UAH 33,296 mln.
The volume of insurance payments and indemnities made by IC “Quorum”, in 2023 compared to the year before has decreased by 31,91%, to UAH 6,468 mln, and the level of indemnities has decreased by 12,88 p.p., to 13,07%.
The company’s activity in the analyzed period was profitable. Thus, the profit from operating activities increased 8.4 times, to UAH 11.348 mln compared to 2022, and net profit – almost 12 times, to UAH 10.153 mln.
Assets of the company as of January 1, 2024 have grown by 28,92% to UAH 63,969 mln, shareholders’ equity has increased by 30,37% to UAH 56,032 mln, liabilities have shown growth by 19,50% to UAH 7,937 mln, cash and cash equivalents have grown by 47,99% to UAH 44,408 mln.
IC Quorum was established in March 2014, specializing in risk insurance.
Ukraine has sent the second batch of humanitarian cargo within the framework of Ukrainian President Volodymyr Zelenskyy’s initiative Grain frоm Ukraine to Sudan with the help of the World Food Organization, the press service of the Ministry of Agrarian Policy and Food has reported.
According to the report, the MV Future ID vessel with 14.6 thousand tons of flour made of Ukrainian wheat has already arrived in Sudan. It will be distributed in the form of food packages for 2 million people in Sudan affected by the war.
“Now in Sudan, almost 18 million people are facing acute food shortages. Of these, about five million are estimated by the UN to be in an emergency level of hunger (IPC4). The harvest of the main cereal crops (sorghum, millet and wheat) is 41% below the 5-year average. Therefore, food aid under the Grain frоm Ukraine initiative is extremely important to save lives and prevent an even worse situation,” the Ministry of Agrarian Policy emphasized.
As reported, the first batch of humanitarian cargo was delivered to the port of Khartoum (Sudan) on February 22, 2024. The vessel MV Ocean Dream delivered 7665 tons of flour made of Ukrainian wheat.
The donors of the shipment of two consignments were Germany, which provided $15 million, as well as Belgium, Canada, the Czech Republic, Hungary, Ireland, the Netherlands, the Republic of Korea, Slovenia and Spain, which allocated $23.8 million for the shipment of the second consignment of flour.
Grain from Ukraine, HUMANITARIAN CARGO, UKRAINE, VOLODYMYR ZELENSKY, Судан
Real GDP in 2021-2025 (forecast)
Source: Open4Business.com.ua and experts.news
The volume of revenues of telecom operators from international roaming services in Ukraine in 2023 increased 1.3 times compared to 2022 – up to UAH 3.96 billion and 3.3 times more than in 2021, follows from the report of the National Commission carrying out state regulation in the spheres of electronic communications, radio frequency spectrum and provision of postal services (NKEC) on Thursday.
“The above is due to the forced migration of the Ukrainian population to other countries of the world, primarily to the EU member states, due to the full-scale invasion of Ukraine by the Russian Federation,” the report said.
Revenues from mobile services in 2023 increased by 9% to UAH 61.7 billion. Of this amount, UAH 41 billion (66.4% of the total_ came from data transmission. Including Internet access – UAH 7.4 billion (12%) were voice telephony services, UAH 1.1 billion (1.8%) were number portability services.
The National Securities and Stock Market Commission (NSSMC) has added brokerage platform CapitalProf, cryptocurrency exchanges Crypto Lloyds / Crypto Lloyds LTD, IncCrypto, ABNBITFX, RWB Group and seven more cases to the list of questionable investment projects.
As the Commission clarified in a statement on Wednesday, in particular, the list was supplemented by the trading platform Advanced Mining, trading platforms DotBig, ParadTrade and xChief Ltd, RoboForex, Fondexx, as well as Avalon Technologies, a platform that trades IT assets, positioning itself as “one of the fastest growing investment projects in Runet”.
The total number of positions in the list reached 268 investment projects.
Last week, as part of the work to protect the rights of investors, the SECP held an online meeting with specialists from BaFin (German Federal Financial Supervisory Authority). The Commission again reminded potential investors of the significant risks associated with investing: through persons whose activities on the territory of Ukraine are not regulated in any way, as well as persons indicating false information about licensed and allegedly official activities in countries with developed financial markets.
The final of qualification for the European Football Championship-2024 allowed to determine all 24 national teams that will fight for the Henri Delaunay trophy, the national team of Ukraine entered Group “E” together with Belgium, Slovakia and Romania, the official website of the tournament reports.
On Tuesday, March 26, after the decisive play-off matches of Euro-2024 qualification, the last three participants of the final part of the tournament were determined. They were the national teams of Ukraine, Georgia and Poland.
Georgia defeated Greece in a penalty shootout and will play for the first time in history at a big forum of national teams, Poland also defeated Wales in a series of 11-match penalty shootout, and Ukraine snatched a willful victory over Iceland.
Ukraine responded to a goal by Iceland’s Albert Gudmundsson after the break with goals by Viktor Tsygankov and Mykhailo Mudryk. The Ukrainians will meet Belgium, Slovakia and Romania at the European Championship.
The European Championship in 2024 will be hosted by Germany. It automatically got into Group A. Bundestim in the opening match of the tournament will meet Scotland in Munich.
The composition of all groups of the European Championship-2024:
Group A: Germany, Scotland, Hungary, Switzerland
Group B: Spain, Croatia, Italy, Albania
Group C: Slovenia, Denmark, Serbia, England
Group D: Poland, Netherlands, Austria, France.
Group E: Belgium, Slovakia, Romania, Ukraine
Group F: Turkey, Georgia, Portugal, Czech Republic.
The tournament will begin on June 14 and end on July 14.
