In January-July 2023, Express Insurance (Kyiv) paid out UAH 77.9 million, which is 45.5%, or UAH 55.6 million, more than in 2022 and 29.4% more than in January-July 2021, the insurer’s website reports.
In particular, motor hull insurance payments amounted to UAH 156.2 million or 87.8% of all payments, and MTPL payments amounted to UAH 15 million (8.4% of payments).
The company’s insurance payments for the period amounted to UAH 381.8 million, which is 74.6% more than in the same period a year earlier.
Including payments on motor hull insurance amounted to UAH 332.6 million (+70.9%), and on MTPL – UAH 38.3 million (2.4 times more).
The company’s assets for 7 months of 2023 increased by 11.4% and amounted to UAH 693.9 million, of which UAH 629.4 million are concentrated in cash or cash equivalents.
Shareholders’ equity increased by 11.2% to UAH 278.4 million, and the company’s actual solvency margin exceeded the regulatory indicator set by the Law of Ukraine “On Insurance” by more than 2.5 times and reached UAH 277.7 million.
Founded in 2008, Express Insurance ALC is part of the UkrAVTO group of companies. The company specializes in motor insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.
Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.
EXPRESS INSURANCE, IC, increased payments
