Business news from Ukraine

Business news from Ukraine

“PZU Ukraine” increased net premiums collection by 40.8%, payments – by 78.2%

In 2023, PZU Ukraine Insurance Company (Kyiv) collected UAH 1.563 billion in net premiums, which is 40.8% more than in 2022, according to the insurer’s interim data posted in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

At the same time, written premiums for the reporting period increased by 46.1% to UAH 1.869 billion. UAH 53.215 million was ceded for reinsurance, which is half as much as a year earlier.

In 2023, the company paid claims in the amount of UAH 713.490 million, which is 78.2% more than in 2022.

Gross profit increased by 19.7% to UAH 848.982 million, administrative expenses by 26.4% to UAH 277.7 million, and sales expenses by 24.1% to UAH 491 million.

The financial result before taxation for the past year amounted to UAH 103.752 million, while a year earlier it was UAH 205.406 million.

The company also reports that it ended 2022 with a net profit of UAH 46.479 million, which is 2.4 times less than in 2022.

PZU Ukraine is supported by 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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Quotes of interbank currency market of Ukraine (UAH for €1, in 01.10.2023-31.10.2023)

Quotes of interbank currency market of Ukraine (UAH for €1, in 01.10.2023-31.10.2023)

Source: Open4Business.com.ua and experts.news

National Bank of Ukraine has included insurance broker ROLL in state register

The National Bank of Ukraine (NBU) has included Insurance Broker ROLL LLC in the State Register of Insurance and Reinsurance Brokers, the regulator’s website reports.

Such a decision was made by the Committee on supervision and regulation of non-banking financial services markets on January 29, 2024.

Insurance Broker ROLL LLC was registered in Kiev in 2000

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“Guardian” will insure vehicles “Ukrposhta”

On January 25, the Ukrainian State Postal Communications Enterprise (USPCE) Ukrposhta (Kiev) announced its intention to conclude a contract with IC Guardian for the services of compulsory insurance of civil liability of owners of motor vehicles (OSAGO).

As reported in the system of electronic public procurement “Prozorro”, with the expected cost of the purchase of services of UAH 1.399 million price offer of IC “Guardian” was UAH 557.611 thousand,

IC “Krajina” – UAH 620 th, IC “Arsenal Insurance” – UAH 628,2 th, “Inter-Policy” – UAH 690 th, “European Insurance Alliance” – UAH 697,9 th, “Euroins-Ukraine” – UAH 706,4 th participated in the tender.

IC “Guardian” has been working in the insurance market since 2007. It is a member of the presidium of the League of Insurance Organizations of Ukraine. Since January 2020 it has received the status of a full member of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU), has the right to sell “Green Card” policies.

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Leading medical clinics in Ukraine report stable demand for diagnostic services

The demand for diagnostics and endoscopic examinations has not declined critically since the start of the full-scale war, but the financial factor had a significant impact on the decline in demand, experts interviewed by Interfax-Ukraine believe.

“At the beginning of the full-scale invasion, for objective reasons, the demand for medical services, among which diagnostics plays a significant role, decreased. However, unlike in other areas, the direction of medical services to relatively safe regions of the country did not have critical consequences. Obviously, this is due to the large number of temporarily displaced persons, including many children and young people who are working,” said Yaroslav Mudry, an endoscopist at the Leleka Multidisciplinary Medical Center.

At the same time, according to him, “against the background of general inflation, the cost of endoscopic diagnostics has also increased.”

He emphasized that, just like before the full-scale war, Ukrainians’ visits to medical institutions for diagnostics are most often caused by symptoms of existing diseases or control observations after treatment, in particular, control after tumor removal or diagnosis of tumors at late stages.

“Unfortunately, the level of preventive diagnostics and research is extremely low,” said Mudryi.

In particular, he emphasized that in Ukraine, compared to other European countries, the number of patients with colorectal cancer, which often has no symptoms, remains quite high, but “there is currently a positive trend, we see an increase in the number of cases of early diagnosis (screening colonoscopy).”

“I am convinced that this situation looks optimistic,” said the endoscopist.

At the same time, Mudryi emphasized that Leleka uses “all possible factors to increase the level of effective diagnosis of masses (colon polyps), which, in turn, will reduce the level of new cases of colorectal cancer.”

The clinic’s specialists help patients at the most difficult stage – preparation for the procedure, which helps to improve the quality of diagnosis, and during the examination they use additional accessories and disposable consumables to remove the tumors.

For her part, Lyudmyla Svatko, Head of Diagnostic Service at Adonis Medical Group, also noted that since the beginning of the full-scale invasion, “we have experienced a decrease in the flow of patients, but this was more related to the evacuation, but with the return of the population, the need for diagnostics has increased, even increased due to the exacerbation of health problems due to stress and adverse conditions.”

“We have returned to the pre-war level of utilization of our diagnostic departments, and we even see an increasing demand,” she said.

According to her, MRI of the head, cervical and lumbar spine, and knee examinations are currently in the highest demand among the population.

In addition, thanks to Adonis’ active cooperation with charitable foundations, the clinic conducts a significant number of studies related to military injuries, including the effects of shell shock, trauma, shrapnel detection, and studies related to preparation for further rehabilitation at the clinic.

In addition, Adonis notes an increase in demand for mammography and breast MRI among women, which doctors attribute to the constant stress Ukrainian women are under.

At the same time, Svatko noted that studies using large medical equipment, such as CT and MRI, are key to diagnosing the wounded and continue to be in demand among the study population.

“Unfortunately, we state the fact that patients have started to undergo annual examinations untimely due to the displacement and are coming with more serious diseases that require more complex studies,” she said.

At the same time, Svatko noted that Adonis is one of the few medical networks that have not stopped working since the beginning of the war and can always provide qualified medical care.

“Our diagnostic equipment has fully autonomous power sources in case of water and electricity outages, so we can see patients without reducing turnover regardless of the circumstances,” she said.

At the same time, Svatko estimates that the cost of servicing imported large medical equipment has increased since the start of the full-scale invasion.

“Now the service takes up most of the budget, we wait longer for repairs because it is related to logistics and the situation with carriers on the border with Europe. It has become more difficult to service and maintain the equipment,” she said.

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Jeep’s dealer network has expanded to seven car centers in cities with population of over one mln

The dealer network of the Jeep SUV brand has expanded to seven car centers by opening dealerships in cities with a population of over one million people – Kharkiv, Odesa, Lviv, Dnipro, the press service of Stellantis Ukraine reports.

“After the launch of three dealerships in Kyiv, the list now includes new Jeep dealerships in other cities with a population of over one million in our country,” the press release said on Monday.

It is specified that the Jeep center in Kharkiv, Alfa Avangard, was opened almost in the central part of the city by Alfa Avangard, which has many years of experience working with Stellantis brands. The Adis-Motor center in Odesa was opened next to other company car dealerships representing various car brands.

“Ilta Lviv was opened by Ilta, a longtime partner of Stellantis, and the Aelita Jeep Center in Dnipro is part of the Aelita group of companies, which, according to its website, positions itself as the industry market leader in terms of the number of brands represented.

“All of these Jeep dealerships are ready to operate in full,” the statement said.

As reported, the Stellantis representative office in Ukraine (Peugeot, Citroёn, Opel, DS Automobiles, Jeep) sold approximately 5.1 thousand new passenger cars and light commercial vehicles in the dealer network in 2023, taking more than 7% of the market.

The comprehensive “restart” of the Jeep brand in Ukraine took place at the end of 2023, so the company noted that the sales results are not yet indicative.

Currently, Jeep Grand Cherokee, Wrangler, Compass are already on the market, and this year the lineup will be supplemented by the compact crossover Jeep Avenge.

It was planned to set up at least 10 dealerships in Ukraine.

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