In 2023, Express Insurance (Kyiv) paid insurance claims in the amount of UAH 331.1 million, which is 41.5% more than in 2022.
According to the company’s information, payments for hull insurance amounted to UAH 288.5 million, which is 39.4% more than in 2022, MTPL – UAH 31.5 million (+42.3%), VHI – UAH 6.5 million, which is 2.5 times more than last year.
Payments on other types of insurance amounted to UAH 4.6 million (+98.6%).
The company also reports that in December 2023, it paid UAH 33.1 million to customers, which is UAH 6.6 million more than the same period last year. In particular, payments for motor hull insurance for the past year amounted to UAH 29.8 million (+33.6%), for MTPL – UAH 2.8 million (-19.4% compared to December 2022).
Express Insurance ALC was founded in 2008 with the participation of UkrAVTO Corporation. Since April 2012, it has been an associate member of the Motor Transport Insurance Bureau of Ukraine.
In January-November 2023, Express Insurance (Kyiv) collected insurance premiums worth UAH 652 million, which is 59.8% more than in the same period a year earlier, according to the company’s website.
The number of concluded contracts increased by 91.5% compared to January-November 2022 and by 26.2% compared to the same period in 2021, before the full-scale invasion.
Payments for hull insurance for 11 months amounted to UAH 563 million, which is 54.5% more compared to January-November 2022, for VHI – UAH 9.7 million (+42.8%), for other types of insurance – UAH 7 million (+32.5%).
The company reports that in November 2023, it attracted UAH 73.5 million in payments, which is almost 40% more than in November last year.
As reported, for 11 months of 2023, the company paid insurance claims in the amount of UAH 297.9 million, which is 43.9% more than in the same period a year earlier. Motor hull insurance payments amounted to UAH 258.7 million, which is 40.1% more than in the first 11 months of 2023, MTPL – UAH 28.7 million (+53.6%), VHI – UAH 6.1 million (+169%).
Payments on other types of insurance amounted to UAH 4.4 million (+124%).
Express Insurance ALC was founded in 2008 with the participation of UkrAVTO Corporation. Since April 2012, it has been an associate member of the Motor Transport Insurance Bureau of Ukraine.
In January-July 2023, Express Insurance (Kyiv) paid out UAH 77.9 million, which is 45.5%, or UAH 55.6 million, more than in 2022 and 29.4% more than in January-July 2021, the insurer’s website reports.
In particular, motor hull insurance payments amounted to UAH 156.2 million or 87.8% of all payments, and MTPL payments amounted to UAH 15 million (8.4% of payments).
The company’s insurance payments for the period amounted to UAH 381.8 million, which is 74.6% more than in the same period a year earlier.
Including payments on motor hull insurance amounted to UAH 332.6 million (+70.9%), and on MTPL – UAH 38.3 million (2.4 times more).
The company’s assets for 7 months of 2023 increased by 11.4% and amounted to UAH 693.9 million, of which UAH 629.4 million are concentrated in cash or cash equivalents.
Shareholders’ equity increased by 11.2% to UAH 278.4 million, and the company’s actual solvency margin exceeded the regulatory indicator set by the Law of Ukraine “On Insurance” by more than 2.5 times and reached UAH 277.7 million.
Founded in 2008, Express Insurance ALC is part of the UkrAVTO group of companies. The company 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 (Kyiv) insurance company collected UAH 306.4 million in insurance premiums in January-September 2020, which is 19.4% more than in the same period a year earlier, the insurer said in a press release.
The volume of compensations paid for this period increased 13.3%, to UAH 106.5 million. Some 79% of clients continued insurance contracts for the next period.
“We pay almost UAH 600,000 every day, observing the new requirements and standards of the market regulator,” Director of Express Insurance Tetiana Schuchieva, whose words are quoted in the press release, said.
In total, in January-September 2020, the company settled 3,544 insurance events under voluntary car insurance (KASCO) policies (a rise of 25.5% year-over-year) and 613 events under mandatory insurance of civil liability of vehicle owners (OSAGO) policies (a rise of 16.1%) with the payment of compensation.
The company’s insurance reserves as of September 30, 2020 grew by 31.4%, to UAH 226.8 million (a rise of 31.4%), assets – by 20%, to UAH 405.6 million, of which highly liquid assets accounted for 75%. Equity capital amounted to UAH 154.6 million, and the actual solvency margin reached UAH 154.3 million, which exceeds the standard indicator by 2.07 times.
Net profit in the first nine months of this year amounted to UAH 32.6 million (a rise of 28.2% year-over-year).
Express Insurance double liability company was founded in 2008 with the participation of the leader of the Ukrainian automobile market – the UkrAVTO Corporation. Most of the events under KASCO and OSAGO are processed according to the “one face to the customer” approach – at the dealer’s service center, without the need to visit the insurance company’s office.
