Business news from Ukraine

Business news from Ukraine

IC “PZU Ukraine” increased collection of payments by 25%

18 November , 2024  

In January-September 2024, PZU Ukraine Insurance Company (Kyiv) collected UAH 1.645 billion in insurance premiums, which is UAH 331 million, or 25.2%, more than in 2023.
According to the insurer’s information, the largest increase in payments for the period under review occurred in the VHI (+41%), MTPL (+39%), Green Card (+19%) and hull insurance (+18%) segments.
In the first nine months of the year, UAH 307 million of premiums were collected under motor hull insurance contracts, which is 19% of the insurer’s total payments, UAH 411 million (25%) under the Green Card, and UAH 462 million (28%) under MTPL.
In turn, the share of VHI in the company’s portfolio amounted to 15%, with UAH 165 million of premiums collected under VHI policies.
In the first half of 2024, the volume of revenues of IC “PZU Ukraine” under other insurance contracts amounted to UAH 220 million.
IC “PZU Ukraine” is a part of one of the largest insurance groups in Central and Eastern Europe – PZU Group (which includes the parent company of PZU Ukraine – PZU S.A.).

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