Business news from Ukraine


24 April , 2021  

Euroins Ukraine insurance company (Kyiv) in January-March 2021 attracted about UAH 165 million in insurance premiums, which is 88% more than in the same period in 2020.

According to the insurer’s press release, the main areas of the company’s work, as in 2020, remain car insurance and voluntary medical insurance – the most popular and demanded services on the conventional insurance market of Ukraine.

According to the company, premiums collected on compulsory motor third party liability insurance (OSAGO) for the first quarter amounted to UAH 47.4 million, which is 45% more than in the same period a year earlier, voluntary car insurance (KASKO) – UAH 23.2 million (a rise of 47%), and voluntary medical insurance – UAH 34 million (2.5 times more).

In addition, the company was able to ensure a high dynamics of premiums in other areas of activity. Thus, property insurance increased 4.6 times, insurance against fire risks – 2.5 times, against accidents – 2 times, third party liability insurance grew by 52%.

During the first quarter of this year, Euroins Ukraine paid out more than UAH 37 million to customers, which is 42% higher than in the first quarter of 2020. On average, the company pays its clients UAH 400,000 in compensations every day.

“In 2021, Euroins continues growing dynamically, strengthening its market positions. Our mid-term goal is to enter the top 10 of the leading insurance companies in Ukraine, and we are confidently moving towards this. To implement such ambitious plans, we are actively building up our team in all regions of Ukraine. We are developing digital insurance channels and partnership projects,” Board Chairman of Euroins Ukraine Yanko Nikolov said.

PJSC Euroins Ukraine has been operating in the Ukrainian market since 1992. It is a part of Euroins Insurance Group AD (Bulgaria).

The company has 22 licenses: 14 for voluntary and eight for compulsory types of insurance. The company specializes in motor, medical, property and cargo insurance for private and corporate clients. It has 19 offices throughout Ukraine. The company is a member of MTIBU.