Business news from Ukraine

IC “Express Insurance” increased payments by 62.7%

In January-June 2024, Express Insurance (Kyiv) made payments in the amount of UAH 243.3 million, which is 62.7%, or UAH 92.7 million, more than the same period in 2023, according to the insurer’s website.
In particular, payments for hull insurance amounted to UAH 206.2 million, or 57.8% more than in the same period a year earlier, for MTPL – UAH 31.5 million (+137.8%), for voluntary health insurance – UAH 3 million (-6%), payments under other insurance contracts – UAH 2.6 million (+7.3%).
At the same time, the company reports that in June 2024, payments to customers amounted to UAH 43.9 million, which is 55.5% more than in June 2023. In particular, the company paid out UAH 35.8 million (+41.4%) under motor hull insurance contracts and UAH 6.9 million (+266.1%) under MTPL insurance contracts.
Express Insurance ALC was founded in 2008 and 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.