PrJSC ASKA insurer (Zaporizhia) in 2020 collected net premiums in the amount of UAH 303.918 million, which is 14.5% less than a year earlier.
According to the company’s annual report, published in the information disclosure system of the National Securities and Stock Market Commission, gross premiums collected by the company in 2020 decreased by 1.7%, to UAH 937.283 million, those transferred to reinsurers increased by 2% – to UAH 624.156 million, payments – also by 2%, to UAH 176.334 million.
Administrative expenses of the company in 2020 decreased by 22.6% – to UAH 48.189 million, sales expenses – by 11.6%, to UAH 88.102 million.
As reported, the insurance company ended 2020 with an uncovered loss of UAH 158.952 million, which is 2.3% more than a year earlier and a net loss of UAH 14.097 million, which is 2.4 times less than a year earlier.
The company’s assets in 2020 increased by 4% – to UAH 722.841 million, net worth – by 24.5%, to UAH 207.614 million.
Total debtor indebtedness increased by 17.5% – to UAH 354.175 million, cash and their equivalent decreased by 4.7% – to UAH 83.299 million.
Long-term liabilities decreased by 13.2% – to UAH 291.195 million, current liabilities increased by 16.5% – to UAH 224.032 million. The charter capital of the insurer remained at the level of UAH 187.585 million.
ASKA was founded in June 1990. It is a universal insurance company that provides insurance coverage for 19 voluntary and 20 compulsory types of insurance.
ASKA is a member of SCM Group.
ASKA insurance company (Kyiv) has paid UAH 1.635 million to an agricultural enterprise for the loss of apple harvest, the insurer has said in a press release.
According to the report, in July 2018, it rained with thunderstorms and hail in the territory of the insured gardens, a significant part of the apple harvest was damaged and lost.
“After the hail, a significant part of the apple harvest, which should be sold fresh, could only be handed over for processing. Another part of the fruit was completely destroyed. Deltafruit suffered significant losses,” Anton Ruban, the owner of the agricultural firm, said.
Three of the five insured sites were also affected. In the first two, due to hail, harvest quality deteriorated by 83-85%, and losses in both the quality and quantity were obtained in the third site.
“ASKA compensated for the loss of quality at the rate of UAH 5.6 per each kilogram of apples. The compensation cost for the lost amount is UAH 3.6 and UAH 9 per kilogram, respectively. These estimates are specified in the insurance contract and depend on the apple variety. On January 18, the client received 70% of the payment, the rest of the money was transferred in stages. We completed the settlement early February,” Corporate Insurance Director for ASKA Olena Shustur said.
ASKA said that this is the first case of such a large-scale payment in Ukraine related to damage to the harvest of fruit trees. The damage was caused by hail, secondary diseases due to hail, and most importantly, damage from the loss of commercial quality of fruits, which accounted for most of the damage, was also covered.
