Business news from Ukraine

Business news from Ukraine

IC “European insurance alliance” has increased collection of net premiums by almost 50% in first half of year

PJSC “European Insurance Alliance” (Kiev) in January-June 2025 collected UAH 186.8 mln of net premiums, 48.71% more than in the same period a year earlier, as well as increased the volume of gross premiums by 35.5% – to UAH 194.05 mln.

This is evidenced by the data in the information of the rating agency “Standard-rating” on updating of the company credit rating/rating of financial stability (reliability) of the insurer at the level of “uaAA” on the national scale according to the results of the specified period.

As it is noted, receipts from individuals of the insurer for the first half of the year have grown by 75,33% – up to UAH 77,806 mln, and from reinsurers have decreased by 13,08% – up to UAH 0,412 mln. Thus, legal entities continue to prevail in the client portfolio of the company.

For six months of 2025 the company has paid out UAH 104,7 mln to clients – by 32,4% more than a year earlier.

According to RA data, as of July 2025 65,57% of the company’s liabilities were covered by liquid assets (cash, government bonds and bank deposits).

At the same time the company has formed a portfolio of financial investments, which consists of government bonds and bank deposits in the amount of UAH 124,558 mln, that positively influences its provision with liquid assets.

As of the beginning of Q3 2025, 38,91% of PJSC ‘European Insurance Alliance’ liabilities were covered by shareholders’ equity, and 4,92% of liabilities – by cash on accounts and cash equivalents.

PJSC ‘European Insurance Alliance’ has been operating in the insurance market of Ukraine since 1994. It is a member of the Auditing Commission of the MTSBU, a participant of the agreement on direct settlement of losses on compulsory insurance of civil liability of owners of land vehicles, a member of the Board of the Nuclear Insurance Pool of Ukraine.

The company provides 30 types of voluntary and compulsory insurance, including property, automobile, liability and personal insurance.

 

European Insurance Alliance paid out over UAH 104 mln to customers in first half of year

In January-June 2025, the European Insurance Alliance insurance company paid out UAH 104.7 million in compensation under insurance contracts, which is 32% more than in the same period of 2024, according to the insurer’s website. According to the information, 52% of the total amount of payments was for medical insurance, 25% for compulsory civil liability insurance for drivers (OSAGO), 20% for comprehensive car insurance, and 3% for other types of insurance.

European Insurance Alliance LLC was founded on September 22, 1994. The company is a member of the Motor (Transport) Insurance Bureau of Ukraine, the League of Insurance Organizations of Ukraine, and the Nuclear Insurance Pool of Ukraine.

The company has a license from the National Bank of Ukraine dated April 25, 2024, to conduct insurance activities in 16 classes, including property, motor vehicle, liability, and medical insurance. The authorized capital is UAH 55 million.

 

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Vitaly Miroshnichenko wants to buy 9.235% of shares in SK “European Insurance Alliance”

Ukrainian citizen Vitaly Miroshnichenko has announced his intention to independently acquire 9.2347% of shares in European Insurance Alliance (Kyiv), according to an announcement by the insurer in the information disclosure database of the National Securities and Stock Market Commission (NSSMC).

It is also reported that as of the date of this announcement, Miroshnychenko and his affiliates do not own any shares in the company.

According to the NSSMC, as of the first quarter of 2025, the shareholders of this insurance company were Marina Voronyanska (49.8697%), Yuriy Barkovskiy (22.1764%), and three other individuals, each owning 9.2311% of the company’s shares.

European Insurance Alliance PJSC was founded on September 22, 1994. The company is a member of the Motor (Transport) Insurance Bureau of Ukraine, the League of Insurance Organizations of Ukraine, and the Nuclear Insurance Pool of Ukraine.

The company has a license from the National Bank of Ukraine dated April 25, 2024, to carry out insurance activities in 16 classes, including property insurance, motor insurance, liability insurance, medical insurance, and the like.

The authorized capital is UAH 55 million.

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NBU has selected European Insurance Alliance as insurer for compulsory motor third-party liability insurance

On May 1, the National Bank of Ukraine (NBU) announced its intention to conclude an agreement with the European Insurance Alliance insurance company for compulsory motor third-party liability insurance (CMTPL) and accident insurance for drivers (AI), according to the Prozorro public procurement system.

The company’s price offer was UAH 641,587 thousand against the expected cost of purchasing the services – UAH 1.044 million.

The tender was also participated in by insurance companies VUSO, whose offer was 28 kopecks higher, and Guardian Insurance Company – UAH 899,940 thousand.

As reported, SK Guardian was the winner of a similar tender a year earlier.

European Insurance Alliance PJSC has been operating in the Ukrainian insurance market since 1994. It is a member of the MTIBU Audit Commission, a participant in the agreement on direct settlement of losses under compulsory civil liability insurance for owners of land vehicles, and a member of the Nuclear Insurance Pool of Ukraine.

The company offers 30 types of voluntary and compulsory insurance, including property, motor vehicle, liability, and personal insurance.

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“European Insurance Alliance” increased premiums by 31.7% in 2024

In 2024, PJSC “European Insurance Alliance” (Kyiv) collected UAH 309.6 million of net premiums, exceeding the volume for 2023 by 31.7%, and also increased by 20.5% the volume of gross premiums – up to UAH 362.5 million, according to the report of the

Standard Rating agency on updating the company’s financial strength rating (credit rating) at the end of the year on the national scale at the level of “uaAA”.

It is noted that revenues from individuals increased by 28.04% to UAH 113.481 million, while revenues from reinsurers, on the contrary, decreased by 31.3% to UAH 0.733 million. Thus, by the end of 2024, legal entities continue to prevail in the company’s client portfolio.

Last year, the company paid out UAH 169.7 million to its clients, which is 36.9% more than a year earlier.
According to the RA, as of the beginning of 2025, 46.8% of the company’s liabilities were covered by equity, and 3.99% by cash and cash equivalents.

At the same time, the company has formed a portfolio of financial investments, consisting of government bonds and bank deposits, in the amount of UAH 106.565 million, which has a positive impact on the insurer’s provision with liquid assets. Therefore, as of the beginning of 2025, liquid assets (cash, government bonds and bank deposits) covered 68.05% of the liabilities of “European Insurance Alliance” PrJSC.

PrJSC “European Insurance Alliance” has been operating in the insurance market of Ukraine since 1994. The company is a member of the Audit Commission of the MTIBU, a party to the agreement on direct settlement of losses for compulsory insurance of civil liability of owners of land vehicles and a member of the Council of the Nuclear Insurance Pool of Ukraine.

The company provides 30 types of voluntary and compulsory insurance, including property, motor, liability and personal insurance.

“European Insurance Alliance” and ‘Energoatom’ concluded contract on compulsory motor TPL insurance

State enterprise NAEK Energoatom (Kiev) and IC “European Insurance Alliance” on March 4 concluded a contract for compulsory motor third party liability insurance of owners of land vehicles (MTPL).

As reported in the system of electronic public procurement Prozorro, the price offer of IC “European insurance alliance” amounted to UAH 309,009 thousand at the expected cost in the tender conditions of UAH 1,029 million.

IC “VUSO” – UAH 321,4 th. and IC “Krajina” – UAH 680 th., BBS Insurance – UAH 683,6 th. also participated in the tender.

“EUA” has been working in the insurance market of Ukraine since 1994, is a member of the Motor (transport) Insurance Bureau of Ukraine, a participant of the Agreement on direct settlement of losses on compulsory civil liability insurance of owners of land vehicles and a member of the Nuclear Insurance Pool of Ukraine.

 

 

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