ARX insurance company (Kyiv) in January-March collected UAH 689.7 million of insurance premiums, which is 10% more than last year, according to a press release from the insurer.
The amount of insurance claims paid to clients during this period amounted to about UAH 294 million, which is 11% more than last year. The number of contracts in this period exceeded 534,000, which is 8% more than the number for the same period in 2020.
The company reports that in the KASKO segment the amount of insurance premiums totaled about UAH 406 million, which is 32% more than in the same period last year. The share of the product in the company’s portfolio is 59%.
Under OSAGO, the amount of collected premiums exceeded UAH 51 million, which is 12% more than in 2020, in voluntary medical insurance – more than UAH 118 million, in property insurance – UAH 75 million.
As reported, AXA Group (France) in February 2019 completed the sale of its subsidiaries in Ukraine: PrJSC AXA Insurance and AXA Insurance Life.
On July 1, 2019, AXA Insurance changed its name to ARX Insurance Company. AXA Life Insurance began operating under the ARX Life brand.
ARX has been operating in the insurance market for 26 years, and has been the leader in KASKO insurance for the 12th year in a row. It ranked first among Ukrainian insurers in terms of net insurance premiums and net insurance payments for 2019. It is part of the international insurance holding Fairfax Financial Holdings Limited (Canada).
