Business news from Ukraine

“European insurance alliance” collected 210 million premiums and paid 84 million UAH in 2022

2 March , 2023  

Private JSC “European insurance alliance” in 2022 collected 210.725 million UAH of insurance premiums and paid 84.038 million UAH, stated in a press release of the insurer.
It is noted that during the last year there were about 45 thousand insurance contracts, 75% of which were concluded with legal entities.
The largest share in the insurance portfolio of the company was voluntary health insurance (VMI) – 34.1%, compulsory and voluntary civil liability insurance for drivers (MTPL) – 23.4%, motor vehicle insurance (hull insurance) – 21.7%, property insurance and liability – 16.5%, other types of insurance – 4.3%.
In the insurance indemnity portfolio 46% accounted for VMI, 28.5% – hull insurance, 23.7% – MTPL, 1.5% – property insurance, 0.3% – other types of insurance.
“It was a very difficult year, but (…) we managed to save jobs and create the most comfortable and safe conditions for the organization of continuous work and provision of services. From the first day of the full-scale invasion, we focused on providing quality 24/7 service support and carried out a number of activities aimed at maintaining continuous communication with clients and partners. For this purpose we purchased all necessary equipment, and at the end of 2022 the central office of the company was moved to a more convenient and accessible location”, – notes the Chairman of the Board of Directors of IC “European Insurance Alliance”.
PrJSC European Insurance Alliance has been working in the insurance market of Ukraine since 1994, it is a member of the Motor (Transport) Insurance Bureau of Ukraine, a member of the agreement on direct settlement of losses on MTPL, a member of the Nuclear Insurance Pool of Ukraine.
The company provides about 30 types of voluntary and compulsory insurance.
Authorized capital – UAH 55 mln.

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