Business news from Ukraine

Business news from Ukraine

“Euroins Ukraine” Has New CEO and Chairman of  Supervisory Board

On July 30, the Supervisory Board of Insurance Company “Euroins Ukraine” (Kyiv) terminated the powers of CEO Andriy Yakovenko based on his request to be transferred to the position of First Deputy CEO, the company reported via the NSSMC system.

It was also noted that Miroslav Boichin has been appointed CEO of the company. Previously, he served as chairman of the supervisory board of Euroins Ukraine from 2024 to 2026 and as CEO of PJSC “European Travel Insurance” (ETC Kyiv) from 2021 to 2026.

The company reports that, effective July 30, 2026, Andriy Yakovenko has been appointed first deputy chairman of the board of Euroins Ukraine Insurance Company.

By a resolution of the company’s extraordinary meeting on July 30, the powers of the entire supervisory board were terminated. Specifically, the terms of office of Supervisory Board Chair Miroslav Boichin and Supervisory Board members Todorka Georgieva and Ivan Hristov were terminated. Yanko Nikolov was appointed Chair of the Supervisory Board, and Todorka Georgieva and Ivan Hristov were appointed as members of the Supervisory Board.

Euroins Ukraine Insurance Company is a general insurance company. It has been operating in the Ukrainian market since 1992. It is part of the Bulgarian insurance group Euroins, one of the largest independent insurance groups in Central, Eastern, and Southeastern Europe.

 

Euroins Ukraine increased its net premiums by 71% and turned profit

In January-September 2025, Euroins Ukraine (Kyiv) collected UAH 635.1 million in net premiums, which is 71.1% more than in the same period of 2024.

According to the company’s interim report posted on the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its gross premiums for this period amounted to UAH 1.043 billion (more than 2.2 times). UAH 201.8 million was transferred to reinsurance (more than 2.4 times).

During the period, the company paid out UAH 204.9 million, which is 16.7% more than during the same period a year ago. At the same time, administrative expenses amounted to UAH 53.037 million, which is 49.2% higher than in January-September 2024.

The financial result from operating activities of IC Euroins Ukraine for nine months amounted to UAH 64.5 million, net profit – UAH 55.8 million, while a year earlier the loss amounted to UAH 10.060 million and UAH 24.439 million, respectively.

Euroins Ukraine is a universal non-life insurer that has been operating in the Ukrainian market since 1992. The company has 75 representative offices throughout the country and is licensed to provide insurance in 16 classes. It is actively involved in the segments of auto insurance, medical insurance, property insurance, liability insurance, and cargo insurance for private and corporate clients.

Euroins Ukraine Insurance Company is a member of the Motor (Transport) Insurance Bureau of Ukraine, the League of Insurance Organizations of Ukraine (LIOU), and the European Business Association (EBA).

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“Euroins Ukraine” reduces number in Ukraine

The Supervisory Board of IC “Euroins Ukraine” on September 1, 2025 decided to terminate the activities of fifteen separate structural subdivisions, which have not been operating for a long time, the company reported in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM).

In particular, we are talking about the sales center in Krasnoye settlement of Lviv regional directorate, a branch in Kharkiv, sales center in Kamenske of Dnipro regional directorate, sales centers № 4 and № 7 of Zaporizhzhya directorate, sales center in Skadovsk of Kherson regional directorate, a branch in Yuzhnoukrainsk of Mykolayiv region, Kherson regional directorate, sales center in Valki of Kharkiv regional directorate, sales center in Uman of Cherkassy regional directorate.

IC “Euroins Ukraine” is a universal non-life insurer, operating in the Ukrainian market since 1992. The company has 75 representative offices all over the country, has a license for insurance in 16 classes. It actively works in the segments of auto insurance, medical insurance, property, liability and cargo insurance for private and corporate clients.

IC “Euroins Ukraine” is a member of the Motor (Transport) Insurance Bureau of Ukraine, League of Insurance Organizations of Ukraine (LIOU) and EBA (European Business Association).

 

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National Bank has obliged Euroins Ukraine to eliminate certain violations

The National Bank of Ukraine (NBU) has applied to PJSC IC “Euroins Ukraine” a measure of influence in the form of a written warning for violation of certain requirements of legislation and regulatory documents, the NBU website reports.

Such a decision was made by the Committee for Supervision and Regulation of Non-Banking Financial Services Markets on July 21, 2025, based on the results of a scheduled inspection conducted by the Inspection Department of the NBU.

During the inspection was revealed, in particular, the violation of certain requirements established by the law “On Insurance”, the provisions of the NBU on the secrecy of insurance, on the peculiarities of the conclusion of insurance contracts with consumers, on the authorization of financial service providers and the conditions of their activities in the provision of financial services.

The information emphasizes that IC “Euroins Ukraine” is obliged to eliminate violations until September 22, 2025.

IC “Euroins Ukraine” is a universal insurance company. It has been working in the Ukrainian market since 1992. It is a part of Bulgarian insurance group Euroins, one of the largest independent insurance groups in the countries of Central, Eastern and South-Eastern Europe.

 

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Euroins Ukraine increased its authorized capital to UAH 123 million

Insurance company Euroins Ukraine (Kyiv) increased its authorized capital to UAH 123.065 million through an additional issue of shares worth UAH 45.125 million.

According to information provided by the insurer in the National Securities and Stock Market Commission’s disclosure system, this is stated in the report on the results of the share issue without a public offering, approved by the supervisory board on March 21, 2025.

According to the report, 4.513 billion shares with a par value of 0.01 UAH were placed during the issue.

Euroins Ukraine is a universal insurance company that has been operating in the Ukrainian market since 1992. It is part of the Bulgarian insurance group Euroins, which is one of the largest independent insurance groups operating in Central, Eastern, and Southeastern Europe.

 

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“Euroins Ukraine” will insure motor transport of airport ”Boryspil”

The state enterprise Boryspil International Airport (Kiev) on April 16 announced its intention to conclude a contract with IC “Euroins Ukraine” (Kiev) for the purchase of services of compulsory insurance of civil liability of owners of land vehicles (OSAGO), according to the system of electronic public procurement. The expected cost of the purchase of services is UAH 596,360 thousand, the company’s price offer is UAH 279,334 thousand.

In the tender participated IC “Guardian” with the offer of UAH 279,335 thousand, “Arsenal Insurance” – UAH 279,336 thousand, “Kraina”-358,2 thousand, “Universalnaya-390,4 thousand, IC ‘VUSO’-415,4 thousand, ‘Oranta’-523,5 thousand.

IC “Euroins Ukraine” is a universal insurance company, which has been working in the Ukrainian market since 1992. It is a part of the Bulgarian insurance group Euroins, one of the largest independent insurance groups in the countries of Central, Eastern and South-Eastern Europe.

 

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