Business news from Ukraine

Business news from Ukraine

IC “Express Insurance” increased premium collection by 33%, payments by 62%

10 November , 2024  

In January-September 2024, Express Insurance (Kyiv) made payments of UAH 377.4 million, which is 62%, or UAH 144.5 million, more than in the same period of 2023, according to the insurer’s website.
In particular, payments for hull insurance amounted to UAH 317.2 million (+56.1%), for MTPL – UAH 49.7 million (2.3 times more), for 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 insurance premiums – 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 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.