Business news from Ukraine

Insurer “Express Insurance” in January-May collected insurance premiums in the amount of UAH 350 mln

13 June , 2024  

IC “Express Insurance” (Kiev) in January-May this year collected insurance premiums in the amount of UAH 350 mln, which is 35,6% more than in the same period of 2023.

As it is specified on the website of the insurer, during this period 2,5 times more contracts were concluded than in five months of 2023.

Premiums on CASCO amounted to UAH 277,6 mln (+20,9% to 5 months of 2023), on MTPL – UAH 61,1 mln (2,9 times more), VHI – UAH 4,9 mln (+13,4%), on other types of insurance – UAH 6,4 mln (+2,1 times).

In May 2024, the company attracted UAH 82.3mn of premiums, which is 28% more than in May last year. Among them, CASCO premiums amounted to UAH 64.8mn (+13.8%), MTPL premiums – UAH 15.8mn (+149.5%).

As reported, during this period the company paid UAH 200 mln, which is by 64.3% or by UAH 78.1 mln more than the same indicator of 2023.

Including payments on CASCO amounted to UAH 170.3 million, or 61.7% of all payments, and payments on MTPL – UAH 24.7 million (+116.7%), on voluntary health insurance – UAH 2.4 million (-14.4%), payments on other insurance contracts – UAH 2.1 million (+12.08%).

Express Insurance” ALC was founded in 2008 and is a part of “UkrAvto” group of companies. The company specializes in car insurance. Since April 2012 it is an associate member of the Motor Transport Insurance Bureau of Ukraine.

 

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