In 2023, ARX Insurance Company (ARX Kyiv) made insurance payments in the amount of UAH 1.384 billion, which is 33.07% more than a year earlier.
According to the company’s Facebook page, in December 2023, the company paid UAH 131.025 million to its clients, including UAH 67.632 million in voluntary motor hull insurance, UAH 14.456 million in compulsory motor third-party liability insurance, UAH 36.196 million in voluntary health insurance, and UAH 2.963 million in Green Card insurance.
As reported, ARX Insurance Company has been operating in the insurance market for 26 years. It is part of the international insurance holding Fairfax Financial Holdings Limited (Canada).
Insurance company ARX in January-June 2023 collected UAH 1.7 billion of insurance premiums, which is 43% more than in the same period last year, according to the press release of the insurer.
It is also noted that the sum of gross premiums of ARX and ARX Life for 6 months of 2023 amounted to more than UAH 1,8 billion, which is 40% more than in the past. The profit of the two companies amounted to UAH 345.4 million.
ARX’s payout amounted to UAH 625 million in the first quarter, and it is 26% higher than in 2022. Every day the company pays more than UAH 4.7 mln of insurance indemnities.
Under hull insurance contracts in the reporting period was collected more than UAH 837 million, which is 43% more than last year. CASCO from ARX works abroad, allowing Ukrainians to get the necessary protection of their car outside Ukraine.
The sum of premiums on MTPL insurance is more than UAH 124 mln (+29% ), on medical insurance – UAH 332,6 mln (+16%), property insurance – more than UAH 185 mln (+46%).
ARX notes that it constantly develops new products and services. Within 6 months was launched a new product Pro_Vita – insurance for critical illnesses, which covers cancer at the initial stages (T1N0M0) and is valid in the territory of the whole world, except for Crimea and settlements where the state authorities of Ukraine temporarily do not exercise their powers.
Also an innovative service “CASCO policy without visiting the office” was introduced, which allows, when buying a CASCO policy abroad, to independently carry out photo and video fixation in the application for smartphones MyARX and send the received photos and video files to the insurance company.
IC “ARX” has been working in the insurance market for 26 years. According to its data, the company is the leader of CASCO insurance for the 12th consecutive year. It occupies the first place among insurers of Ukraine on the size of net insurance premiums and net insurance payments for 2021. It is part of the international insurance holding Fairfax Financial Holdings Limited (Canada).
The insurance company ARX (Kiev) acted as the insurance partner of the international swimming competition Oceanman Kyiv Kyiv 2023, the first international swimming tournament, which will be held in Kiev since the beginning of the full-scale invasion.
According to the press release of the insurer, the open water swimming competition Oceanman Kyiv Kyiv 2023 will take place on July 15-16, 2023.
Apart from the endurance races – 10, 5, 2 km – there will be a separate charitable 500 m swim, all proceeds from which will be used to purchase a car for the 126th TRO team. The competition program also includes a children’s 500m swim and 3x500m (relay).
It is also noted that ARX insures the participants against accidents and injuries (insurance coverage is up to 100 thousand UAH). 50% of all fees from registrations will be sent to purchase of sports equipment for children and youth sports schools in Kiev. The competitions are supported and promoted by the department of youth and sport of KSCA.
ARX insurance company is the leader of the Ukrainian insurance market, the representative of the Canadian international insurance holding Fairfax. It has been working in Ukrainian market for 27 years. It offers a wide spectrum of insurance services.
As it was informed, ARX insured OCEANMAN Odesa participants against accidents and injuries in 2021.
In January-March, 2023 ARX Insurance Company collected UAH 781,6 million of insurance premiums, that is 27% more than during the same period of the last year, increasing the number of concluded contracts in 2,2 times.
As it is said in the press release of the insurer, the amount of payments in the first quarter made UAH 303,5 million, and it is by 12% more than in 2022. Every day ARX pays out about UAH 4,7 mln.
Besides, more than 360 million UAH were collected on CASCO contracts in the first quarter, which is 17% more than last year, more than 156,7 million UAH on voluntary health insurance contracts, which is 4% more than in 2022, about 102 million UAH on property insurance contracts, which is 38% more than last year. Compulsory insurance of civil liability (CMTPL) showed an increase of 34%, the amount of premiums amounted to more than 53 million.
The Company also reports that in the first quarter of 2023 ARX paid more than 77 million UAH of taxes to the budget of Ukraine. Overall in 2022 the insurance company ARX and life insurance company ARX Life paid more than UAH 368 million of taxes to the state. In 2022 ARX transferred UAH 35 mln to VSU, the company constantly cooperates with the fund of military assistance “Come back alive”.
IC “ARX” works on the insurance market for 26 years. According to its data, the company is the leader in CASKO insurance for the 12th year in a row. It takes the first place among the insurers of Ukraine on the size of net premiums and net indemnities in 2021. It is a part of the international insurance holding Fairfax Financial Holdings Limited (Canada).
Insurance company ARX (Kyiv), according to the National Bank of Ukraine, according to the results of 2022 took a leading position in four indicators, the company said in a statement.
In particular, the company was the first in terms of net premiums earned and collected more than 2.9 billion UAH, labor costs – 373.6 million UAH, profit – more than 537 million UAH, income tax expenses – 212.6 million UAH.
Besides, the company has taken the second position on payments to customers by reimbursing about 1,04 mln UAH and written premiums – more than 2,7 bn UAH
In total the gross premiums of ARX and ARX Life insurance companies for the year 2022 amounted to more than UAH 3,03 billion. The net profit of the two companies is UAH 559 mln.
IC “ARX” has been working in the insurance market for 26 years. According to its data, the company is the leader in CASCO insurance for the 12th year in a row. It takes the first place among the insurers of Ukraine on the amount of net premiums and net indemnities for 2021. It is a part of the international insurance holding Fairfax Financial Holdings Limited (Canada).
Insurance companies ARX (UAH 810.2 million), Uniqa (UAH 669.7 million) and IG TAS (568 .9 million UAH, all Kyiv).
According to the main performance indicators of Ukrainian insurance companies published on the NBU website for 1 sq. 2022, while the leaders in insurance payments for 3 months. were Uniqa (UAH 276.4 million), ARX (UAH 271.2 million) and TAS SG (UAH 244 million).
