IC “Express Insurance” (Kiev) in January-August 2024 collected insurance premiums in the amount of UAH 596,8 mln, which is 33,9% more than the same period of 2023. According to the insurer’s website, 2,1 times more contracts were concluded during this period.
Premiums on CASCO amounted to UAH 469 mln (+20,9% to 8 months-2023), on MTPL – UAH 111,2 mln (2,5 times more), VMI – UAH 7,8 mln (+9,4%)
In August 2024, the company attracted UAH 92.1 mln of premiums, which is 44.3% more than in August last year. Including premiums on CASCO amounted to UAH 74 mln (+35,9%), on MTPL – UAH 16,6 mln (2,1 times).
Earlier it was reported that IC “Express Insurance” in January-August 2024 made payments in the amount of UAH 340,2 million, which is 64,6% or UAH 133,5 million more than the indicator for the same period of 2023.
Including payments under CASCO amounted to UAH 287,5 mln (+59,1%), under CMTPL insurance – UAH 44,4 mln (2,4 times more), under voluntary medical insurance – UAH 3,8 mln (-14,7%), payments under other insurance contracts – UAH 4,6 mln (+36,4%).
In August 2024 payments to clients amounted to UAH 53.1 mln (+94.4%) more than in August 2023. In particular, the company paid out UAH 45,3 mln (+94,2%) under CASCO contracts, and UAH 6,8 mln (2,5 times growth) under CMTPL insurance.
Express Insurance ALC was founded in 2008 and is a part of UkrAVTO group of companies. The company specializes in automobile insurance. Stable high speed of events settlement in IC is provided by optimal interaction with partner service stations.
Since April, 2012 IC Express Insurance has been an associated member of the Motor Transport Insurance Bureau of Ukraine.
On September 9, the State Protection Department of Ukraine opened a tender for voluntary motor vehicle hull insurance.
According to the electronic public procurement system Prozorro, the lowest price offer was made by Ultra Alliance Insurance Company – UAH 1.897 million against the expected cost of UAH 6.6 million. In this regard, the organizer of the tender asks the company to justify the abnormally low offer by September 11.
The tender is also attended by IC Persha with an offer of UAH 5.08 million.
As reported, the tender was announced on August 9. The complaint of Ultra Alliance Insurance Company (Kyiv) was submitted to the Antimonopoly Committee of Ukraine (AMCU) for consideration on August 13. On August 26, the AMCU ordered the State Protection Department of Ukraine to amend the tender documents.
Ultra Alliance Insurance Company was registered in 2004 and specializes in risk insurance.
Number of refugees from Ukraine in selected countries as of 30.06.2024
Open4Business.com.ua
As of September 10, farmers in all regions of Ukraine sowed 639.9 thou hectares of winter crops, compared to 484.1 thou hectares a week earlier, the press service of the Ministry of Agrarian Policy and Food reported.
According to the report, winter wheat was sown on 101.1 thousand hectares (27.7 thousand hectares a week earlier), barley – on 3.7 thousand hectares (2.2 thousand hectares), rye – on 0.4 thousand hectares (8 thousand hectares), and rapeseed – on 534.7 thousand hectares (446.2 thousand hectares).
According to the Ministry, winter crops are being sown in Vinnytsia, Lviv and Ivano-Frankivsk regions. Winter rape is being sown in 18 regions of Ukraine. Farmers in Volyn, Rivne, and Ternopil regions have finished sowing the crop.
As of the same date a year earlier, Ukraine sowed 1155 thou hectares of winter crops, including 905.9 thou hectares of rapeseed, 228.6 thou hectares of wheat, 10.8 thou hectares of barley, and 9.5 thou hectares of rye.
In January-August 2024, Ukraine increased its foreign trade in dairy products by 7.9% to $307 compared to the same period last year, the Union of Dairy Enterprises of Ukraine (UDEP) reported on its Facebook page.
According to the report, the negative balance of exports and imports of dairy products slightly increased compared to the same period last year and amounted to -$32.6 million against -$31.2 million. At the same time, imports were 1.24 times higher than exports; in January-August 2023, this excess was 1.25 times.
According to analysts, exports in January-August 2024 increased to $137.3 million, which is 8.3% higher than in the same period last year.
The growth in exports compared to the previous year was recorded for fermented milk products (+27% in physical terms and +32% in value), whey (+43% and +38%, respectively), and cheeses of all kinds (+40% and +31%, respectively).
At the same time, exports of butter and milk fats decreased significantly (-25%), while the drop in value amounted to 9%, which is explained by a significant increase in prices for these products this year.
Experts noted that import volumes in January-August 2024 increased by 7.6% compared to the same period last year – up to $170 million. At the same time, growth is observed in the categories of butter and milk fats – 2.3 times in volume terms, twice in value terms, as well as cheeses (+8% in volume terms).
Ukraine also reduced imports (in physical terms) of milk and cream not condensed (drinking) by 3.3 times, whey by 28% and fermented milk products by 16%, the UGCC summarized.
Slobozhanshchyna Agro, a subsidiary of IMC, has raised UAH 100 million under the government’s soft loan program Affordable Loans 5-7-9% from PrivatBank (Kyiv).
“Since the beginning of the war, financing agricultural production has become a priority for us. The bank systematically supports and will continue to support Ukrainian agribusinesses operating in the frontline and de-occupied regions,” Yevhen Zaigraev, Board Member for Corporate Business and SMEs, said in a press release.
It is noted that the financing will allow Slobozhanshchyna Agro to maintain its business activities in the frontline region of the country for a year.
Zaigraiev added that the company continues to operate in the Sumy region, where there are still high military risks.
“Thanks to this, the company received a more favorable interest rate under the guarantees of the CMU (Cabinet of Ministers of Ukraine – IF-U),” the release said.
“MK is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The company’s land bank is about 120 thousand hectares in Poltava, Chernihiv and Sumy regions, with storage capacity of 554 thousand tons for the 2023 harvest of 1.002 million tons.
This year, the company purchased 140 Ukrainian-made railcars, and in early August, for the first time, it shipped its products to ports in its own grain cars. According to Privat, the company ships 60-70 thousand tons of grain to ports by rail every month.
In the first half of 2024, IMC Agro Holding increased its net profit by 2.4 times year-on-year to $21.52 million, while its revenue increased by 51% to $108.32 million, while the share of exports decreased slightly to 81.3% from 81.9% a year earlier.
According to the National Bank of Ukraine, as of August 1 this year, PrivatBank ranked first in terms of total assets (UAH 895.26 billion) among 62 banks operating in the country. The financial institution’s net profit last year amounted to UAH 37.76 billion.
