The Netherlands intends to allocate EUR 122 million in military aid to Ukraine, which will be spent on ammunition, weapons and cybersecurity, the press service of the country’s government reported.
In particular, EUR 87 million will be allocated to Ukraine for the purchase of artillery shells. The Netherlands will also transfer EUR 25 million to the International Fund for Ukraine (IFU) for the purchase of weapons.
In addition, the Dutch government will allocate another EUR 10 million to improve Ukraine’s cybersecurity.
“The donations are the result of consultations of the Ukraine Defense Contact Group (UDCG), which includes 50 partner countries. They help Ukraine purchase equipment and resources to defend itself against Russia,” the government said in a statement.
According to Dutch Defense Minister Keesa Ollongren, “it is important to support Ukraine in the long term.”
“Now it is important to show that we are helping Ukraine. They are fighting for their country and for the values we share: self-determination, freedom, equality, human rights,” she said.
The amount of premiums collected by ARX (risk insurance) and ARX Life (life insurance) insurance companies in 2023 totaled UAH 4 billion, which is 32% more than in 2022, according to a press release from the insurer.
At the end of 2023, the amount of premiums collected by ARX Insurance Company for hull insurance amounted to about UAH 2 billion, which is 29% more than a year earlier, for MTPL – UAH 300 million (+27%), voluntary health insurance – more than UAH 500 million (+22%), and property insurance – more than UAH 400 million (+38%).
The net profit of ARX and ARX Life for 2023 amounted to UAH 504.555 million.
The press release also states that the financial statements have been prepared in accordance with IFRS 4.
Earlier it was reported that ARX and ARX Life insurance companies paid UAH 1.4 billion to customers in 2023, which is 33% more than a year earlier. Payments for hull insurance amounted to UAH 837 million, which is 20% more than in 2022; MTPL – UAH 117 million (+42%); voluntary health insurance – UAH 265 million (+50%); property insurance – UAH 57 million (+17%); life insurance – UAH 69 million (+37%).
In 2023, new products and services were introduced: “Minicasco is an economical hull insurance that covers the main risk on the roads: Road accidents both through the fault of the driver and without. The price of the policy starts from UAH 1,175 thousand. It operates on the territory of Ukraine.
Iron Dome motor hull insurance is a product that protects cars from military risks. It covers damage and complete destruction from missiles, UAVs, and debris.
The policy “CASCO without a visit to the office” – from now on, to purchase a CASCO policy, if the car is subject to inspection, you can independently carry out its photo and video recording in the MyARX smartphone application.
The “Step-by-step settlement of the case” product was also introduced – another update to the MyARX insurance application, which allows you to see the registration, consideration of the case, determination of the amount of damage, the decision in the case, and the amount of compensation.
ARX Life, like ARX, is part of the international insurance holding Fairfax Financial Holdings Ltd.
Benchmark oil prices are moderately rising on Tuesday morning after a marked decline a day earlier.
The price of March futures for Brent on the London ICE Futures exchange by 7:14 a.m. was $82.64 per barrel, which is $0.24 (0.29%) higher than at the close of the previous session. On Monday, these contracts fell by $1.15 (1.4%) to $82.4 per barrel.
Quotations for March futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) by this time increased by $0.28 (0.36%) to $77.06 per barrel. At the end of the previous session, they fell by $1.23 (1.6%) to $76.78 per barrel.
At the beginning of the last session, oil was actively rising in price on the news of the deaths of three American soldiers as a result of a drone attack on a US base in Jordan. U.S. President Joe Biden claimed that paramilitary groups linked to Iran were involved in the attack. Tehran denied such accusations.
Some market participants fear a direct military clash between the United States and Iran, but Washington may try to “contain the escalation and give a limited, local response amid the electoral cycle,” said XS.com analyst Samer Hasn.
At the same time, oil quotations are under pressure from fears of a slowdown in the economy of China, the world’s largest oil importer, and global demand in general, MarketWatch writes.
In 2023, PZU Ukraine Insurance Company (Kyiv) collected UAH 1.563 billion in net premiums, which is 40.8% more than in 2022, according to the insurer’s interim data posted in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
At the same time, written premiums for the reporting period increased by 46.1% to UAH 1.869 billion. UAH 53.215 million was ceded for reinsurance, which is half as much as a year earlier.
In 2023, the company paid claims in the amount of UAH 713.490 million, which is 78.2% more than in 2022.
Gross profit increased by 19.7% to UAH 848.982 million, administrative expenses by 26.4% to UAH 277.7 million, and sales expenses by 24.1% to UAH 491 million.
The financial result before taxation for the past year amounted to UAH 103.752 million, while a year earlier it was UAH 205.406 million.
The company also reports that it ended 2022 with a net profit of UAH 46.479 million, which is 2.4 times less than in 2022.
PZU Ukraine is supported by one of the largest insurance groups in Central and Eastern Europe – PZU Group (which includes the parent company of PZU Ukraine – PZU S.A.).
Quotes of interbank currency market of Ukraine (UAH for €1, in 01.10.2023-31.10.2023)
Source: Open4Business.com.ua and experts.news
The National Bank of Ukraine (NBU) has included Insurance Broker ROLL LLC in the State Register of Insurance and Reinsurance Brokers, the regulator’s website reports.
Such a decision was made by the Committee on supervision and regulation of non-banking financial services markets on January 29, 2024.
Insurance Broker ROLL LLC was registered in Kiev in 2000
