In January-September 2024, the equity of Express Insurance (Kyiv) increased by 13.2% compared to the same period in 2023 – up to UAH 342.3 million, technical reserves – by 25.1%, up to UAH 450.5 million.
According to the insurer, as of September 30, 2024, its assets increased by UAH 133.4 million, or 18.7%, to UAH 848.4 million, while highly liquid assets amounted to 88.7%, which ensures the company’s operational ability to pay claims.
“This increase in capital and reserves confirms the company’s strategic focus on long-term financial stability and protection of clients’ interests. For consumers, this is a guarantee that the company has sufficient resources for stable and uninterrupted operation, ensuring reliable protection of their interests,” the statement said.
As reported, in January-September 2024, Express Insurance made payments of UAH 377.4 million, which is 62%, or UAH 144.5 million, more than in the same period of 2023,
In particular, payments under motor hull insurance amounted to UAH 317.2 million (+56.1%), under motor third party liability insurance – UAH 49.7 million (2.3 times more), under voluntary health insurance – UAH 4.5 million (-11.1%), payments under other insurance contracts – UAH 10.5 million (+19.4%).
The company’s insurance premiums for this period amounted to UAH 679.6 million, which is UAH 168.4 million, or 33% higher than the same indicator for 9M2023. 2023. In particular, motor hull insurance premiums increased by UAH 91.6 million (+20.6%) to UAH 535.6 million, MTPL premiums – by UAH 70.9 million (+130.5%) to UAH 125.2 million, and other types of insurance – by UAH 8.8 million (+87.8%) to UAH 18.8 million.
The total level of payments to customers in January-September 2024 amounted to 55.5% compared to 45.6% for the same period last year.
Express Insurance ALC was founded in 2008 and is part of the UkrAVTO group of companies. The company specializes in motor insurance. The company’s consistently high claims settlement rate is ensured by optimal cooperation with partner service stations.
Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.
