Business news from Ukraine

Business news from Ukraine

In January 2025, Express Insurance collected almost UAH 62 mln in hull insurance premiums

In January 2025, Express Insurance (Kyiv) collected UAH 61.7 million in insurance premiums for voluntary motor insurance, which is UAH 14 million, or 29.2%, more than in 2024, the insurer’s website reports. In addition, according to the website, premiums for compulsory motor third-party liability insurance amounted to UAH 38.2 million, which is UAH 28.5 million, or almost four times more than in January 2024.

As for other types of insurance, the company collected UAH 2.7 million in January.

In total, in the first month of the year, the insurer collected UAH 102.6 million in premiums, which is 71.9% more than in January 2024.

In January, the company reportedly paid out more than UAH 34.4 million, which is 17% more than in the same period of 2024. In particular, payments under hull insurance amounted to UAH 27 million (+5.3%), under MTPL – UAH 6.8 million (2.4 times more), payments under other insurance contracts – UAH 660 thousand.

“The increase in MTPL payments is a direct result of customer confidence in the company and an increase in the number of contracts concluded,” the statement said.

Express Insurance ALC was founded in 2008 and is part of the UkrAVTO group of companies. The company specializes in automobile insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.

Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.

“Express Insurance” increased premiums by 72% in January

In January 2025, Express Insurance (Kyiv) collected insurance premiums in the amount of UAH 102.6 million, which is 71.9% more than in January 2024.

According to the insurer’s website, in January, it paid out more than UAH 34.4 million, which is 17% more than in the same period of 2024.

In particular, payments under hull insurance amounted to UAH 27 million (+5.3%), under MTPL – UAH 6.8 million (2.4 times more), payments under other insurance contracts – UAH 660 thousand.

“The increase in MTPL payments is a direct result of customer confidence in the company and the increase in the number of contracts concluded,” the statement said.

Express Insurance ALC was founded in 2008 and is part of the UkrAVTO group of companies. The company specializes in automobile insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.

Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.

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“Express Insurance” in January collected insurance premiums in amount of more than UAH 100 million

IC “Express Insurance” (Kiev) in January 2025 collected insurance premiums in the amount of UAH 102.6 million, which is 71.9% more than in January 2024. According to the insurer’s website, in January payments amounting to more than UAH 34,4 mln were made, which is by 17% more than in the same period of 2024.

Including payments on hull insurance amounted to UAH 27 million (+5.3%), on MTPL – UAH 6.8 million (more in 2.4 times), payments on other insurance contracts – UAH 660 thousand.

“The growth of payouts on MTPL is a direct result of clients’ confidence in the company and increase in the number of concluded contracts”, – is noted in the message.

ALC “Express Insurance” was founded in 2008 and is part of the group of companies “UkrAVTO”. The company specializes in automobile insurance. Stably high speed of events settlement in IC is provided by optimal interaction with partner service stations.

Since April, 2012 IC “Express Insurance” is an associated member of the Motor Transport Insurance Bureau of Ukraine.

 

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“Express Insurance” collected insurance premiums for almost UAH 1 bln in 2024

In 2024, Express Insurance (Kyiv) collected insurance premiums in the amount of UAH 932.5 million, which is 29.1% more than in 2023, according to the insurer’s website.

It is noted that the increase in insurance premiums was made possible due to a significant increase in new customers and a doubling of the number of contracts concluded compared to the previous year.

Thus, premiums under hull insurance contracts for 2024 amounted to UAH 723.9 million, which is UAH 101.9 million, or 16.4%, higher than the same indicator in 2023, for MTPL – UAH 184.4 million (+125.9%), for other types of insurance – UAH 24.2 million (+29.9%).

As reported, in 2024, the company made payments in the amount of UAH 512.6 million, which is 54.8%, or UAH 181.6 million, higher than in 2023.

In particular, payments under motor hull insurance amounted to UAH 426.7 million (+47.9%), under MTPL – UAH 73 million (2.3 times more), payments under other insurance contracts – UAH 12.9 million (+15.8%).

Express Insurance was founded in 2008 and is a part of UkrAVTO group of companies. It specializes in motor insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.

Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.

“Express Insurance” increased payments by 55% in 2024

In 2024, Express Insurance (Kyiv) made payments in the amount of UAH 512.6 million, which is 54.8%, or UAH 181.6 million, higher than in 2023.

According to the insurer’s website, in particular, payments for hull insurance amounted to UAH 426.7 million (+47.9%), for MTPL – UAH 73 million (2.3 times more), payments under other insurance contracts – UAH 12.9 million (+15.8%).

As reported, in January-November 2024, Express Insurance collected insurance premiums in the amount of UAH 841.1 million, which is 29.1% more than in the same period in 2023.

According to the insurer’s website, the number of contracts concluded during this period is almost twice as high as in January-November 2023. In particular, the demand for hull insurance contracts increased by 16.7%, for MTPL – by 125.1%, and for other types of insurance – by 32.5%.

Express Insurance was founded in 2008 and is part of the UkrAVTO group of companies. It specializes in motor insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.

Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.

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“Express Insurance” has increased payouts by 57.5% for 10 months of this year

IC “Express Insurance” (Kiev) in January-October 2024 made payments in the amount of UAH 427,2 mln, which is by 57,5%, or by UAH 155,9 mln more than the indicator for the same period of 2023. According to the insurer’s website, including payments on CASCO amounted to UAH 357,5 mln (+51,1%), on MTPL – UAH 58,5 mln (2,3 times more), payments under other insurance contracts – UAH 11,2 mln (+16,7%).
At the same time, the company reports that in October-2024 payments to clients amounted to UAH 48 mln (+33.7%) more than in October-2023. In particular, the company paid UAH 38.4mn (+22.4%) under hull insurance contracts, and UAH 8.7mn (+2.5 times) under CMTPL insurance contracts.
Express Insurance was founded in 2008 and is a part of UkrAVTO group of companies. The company specializes in automobile insurance. Stable high speed of events settlement in IC is provided by optimal interaction with partner service stations.
Since April, 2012 IC Express Insurance is an associated member of the Motor Transport Insurance Bureau of Ukraine.

 

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