Kyiv-based insurance company Arsenal Insurance collected over UAH 1 billion in insurance premiums in January-June 2019, which was 15% up year-over-year, according to a press release issued by the insurer.
The number of contracts concluded over the period under review reached 440,000, which is 12.74% more than in the same period of 2018.
The company also reports that it has achieved the most significant results in its priority segment of car insurance. Sales of voluntary car insurance (KASKO) policies increased by 33.6%, to UAH 383.1 million. About 7,300 private car owners and 4,000 corporate clients used KASKO services. Compulsory vehicle owners’ civil liability (OSAGO) premiums increased by 7.4%, to UAH 80.5 million.
“Arsenal Insurance, a company with 100% Ukrainian capital, is among the TOP 3 insurers popular with Ukrainians. Our portfolio is quite diversified. Voluntary types of insurance (KASKO, property insurance, medical insurance for groups and other types) account for 91.4% of the total premiums, mandatory types account for 8.6%,” the press release quoted Chairman of the company’s Board Serhiy Avdeyev as saying.
The company also reports that it continues to actively develop digital insurance – an organic increase in online sales was 50%. Among the products that customers bought through the site are OSAGO, travel insurance and express insurance of property.
In the first half of 2019, Arsenal Insurance handled UAH 263.1 million in insurance claim payments. Of these, payments on KASKO policy events accounted for 71% (UAH 187.5 million); the share of payments on OSAGO policy events was 16% (UAH 41.9 million).
In addition, the company settled a number of large losses of property belonging to corporate clients, in particular, UAH 8.3 million in insurance compensation for a grain dryer destroyed in a fire at an agricultural enterprise’s site and UAH 32 million for a loss related to the theft of seeds and crop protection chemicals at a warehouse.
The company also notes that its daily insurance claim payments exceed UAH 2 million on the average. The share of reimbursements compensated by reinsurers in the first half of 2019 was 13.3%.
The company’s assets as of June 30, 2019, amounted to UAH 1.964 billion, which is 46.4% more than in the same period of 2018. The amount of cash and cash equivalents is UAH 468.3 million (18% up). Insurance reserves for the first half of the year increased by 48.3%, to over UAH 1.140 billion.
The company’s actual solvency margin is UAH 344.8 million (7.6% up) and exceeds the standard level by 28.3%.
IC Arsenal Insurance is the successor of IC Arsenal-Dnipro, operating in Ukraine since 2005. It has retail outlets in all regional centers and some major cities in the country.
Its partners are leading European reinsurers, namely HannoverRe, Polish Reinsurance Company, SCOR SE, Gen.
Monfarm pharmaceutical company (Cherkasy region) in January-June 2019 increased its net profit by 28.64% compared to the same period of 2018, to UAH 8.539 million.
According to the information disclosure system of the National Commission on Securities and the Stock Market, the company’s gross profit in the first half of the year increased by 8.12%, to UAH 30.084 million, and its net income decreased by 0.36%, to UAH 70.495 million.
As reported, Monfarm pharmaceutical company in 2017 reduced its net profit by 9.6% compared with 2017, to UAH 15.321 million.
PJSC Monfarm was established in 1994 through the corporatization and privatization of state enterprise Monastyrysche Pharmaceutical Plant, organized in 1986 on the basis of a distillery, as part of the Kyiv pharmaceutical association Darnitsa. At present, the range of medicines that Monfarm produces includes more than 70 types of drugs from various pharmacotherapeutic groups.
According to the state register, the ultimate beneficiary of the company is Yakiv Kuznetsov.
Wind Solar Energy LLC (Kyiv) intends to build the Lisova-2 wind power plant (Korosten district, Zhytomyr region) with a capacity of 57 MW, according to a single register of environmental impact assessment.
The project includes building 19 wind turbines with a capacity of 4.2 MW each. The height of the towers will be 130 meters. The operation life of the plant is 20 years.
As reported, Wind Solar Energy intends to build three phases of the Lisova wind plant with a total capacity of up to 190 MW in the area of the Pokaliv village (Korosten district, Zhytomyr region).
According to data posted on the company’s website, Wind Solar Energy through its subsidiary Solar Kvant has been operating solar plants of 5 MW on 10 hectares in Dnipropetrovsk region since 2013.
Ukraine and Georgia could create a medical tourism cluster to promote medical services in the markets of Eastern countries, in particular, China, Paata Ratiani, the head of the Georgian Medical Tourism Council, has said.
“Georgia, together with Ukraine, can open some directions in China, open a joint clinic, or Ukrainian and Georgian clinics can be combined into one cluster,” he said.
According to Ratiani, such a cluster can be formed together with the Ukrainian Association of Medical Tourism, as well as with individual clinics.
“We can occupy our niche in all directions. Most importantly, we should work together and develop precisely those directions that have an advantage in their region. In this case, the flow of medical tourists will be enough for both Ukraine and Georgia,” the expert said.
Commenting on the development of medical tourism in Georgia, he said that in order to attract foreign patients, six large private clinics in his country created the Medical Tourism Council.
“Georgian private clinics teamed up to make Georgia a regional hub for medical tourism,” he said.
Ascania group of companies, a diversified Ukrainian holding, in 2018-2019 invested UAH 17 million in the launch of production of cider and non-alcoholic beverages in PET bottles at the Kvass Beverages plant (Zaporizhia).
“This year we’ve presented a large number of new products in the Ukrainian market. For the first time, we bottled cider in PET under the GardenZ brand, produced the Yarylko Karamelny kvass for children, launched the Yarylo Bily Imbyrny (Yarylo White Ginger) brand. In August 2018, we started producing lemonade in PET at the Kvass Beverages plant. Investments in the enterprise to launch output of cider and new products in PET accounted for a total of about UAH 17 million,” Inna Syrchenko, the head of the marketing department at Ascania FMCG, told Interfax-Ukraine.
According to her, the products of the plant are represented in the stores ATB, Silpo, Novus, Billa and other retail outlets.
Ascania group of companies unites 12 companies. Their activities include import, production and distribution of food, honey processing and exports, logistics services, electricity supply, production of small arms, security services and training for the security personnel of private and state structures, agriculture (growing roses).
ASCANIA GROUP, CIDER, INVESTS, NON-ALCOHOLIC BEVERAGES, PRODUCTION
After the Ukrainian Central Elections Commission (CEC) has processed 99.9% of electronic protocols, the Servant of the People Party gained 43.16% of the vote, the Opposition Platform – For Life Party – 13.04%, the Batkivschyna party – 8.18%, the European Solidarity Party – 8.1%, and the Holos (Voice) Party – 5.82% and won seats on the Verkhovna Rada of the 9th convocation on the party lists.
The Radical Party with 4.01%, the Strength and Honor Party with 3.82%, the Opposition Bloc with 3.03%, Groysman’s Ukrainian Strategy with 2.41% failed to overcome a 5% electoral threshold, the CEC website published its data as of 13:00 on Thursday, July 25.
The Party of Sharij received 2.23% of the vote, Svoboda 2.15%, Civil Position 1.04%.
Parties gaining less than 1% of the vote are the Party of Greens of Ukraine (0.66%) and Samopomich (0.62%).
The snap election to the Verkhovna Rada was held on July 21.
