Business news from Ukraine

Business news from Ukraine

“PZU Ukraine” increased net premiums collection by 33.3%

14 August , 2023  

In January-June 2023, PZU Ukraine Insurance Company (Kyiv) increased net premiums by 33.3% to UAH 744 million compared to the same period a year earlier, according to a press release from the insurer.

It is also noted that the largest increase in payments in the reporting period was recorded in the Green Card segments – by 69.7% to UAH 177 million or 23.8% of the total, hull insurance – by 57.3% to UAH 160 million (21.5%), VHI – by 51.5% to UAH 107 million (14.4% of the portfolio).

At the same time, the share of MTPL in the company’s portfolio amounted to 24.5% or UAH 182 million of payments, which is 36.2% more than last year.

In January-June, PZU Ukraine’s revenues from other insurance contracts amounted to UAH 118 million.

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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