Insurance company “INGO” (Kiev) for 9 months of 2024 collected insurance premiums in the amount of UAH 2.46 billion, which is 23.5% more than in the same period last year, the company reports. It is noted that according to experts of the National Association of Insurers of Ukraine (NAU), this corresponds to the average growth rate of the insurance market of Ukraine for the reporting period, which is 23%.
The company also reports that during the reporting period there was an increase in demand for insurance products in the segment of hull insurance (+25.3%), MTPL (+35.5%), property insurance (+47%), health insurance traveling abroad (+51.3%), accident insurance (+25.7%). At the same time, both the number of clients and the volume of premiums increased in property and auto insurance.
It is also noted that receipts from individuals have increased by 35% to UAH 735 mln. At the same time, premiums in the segment of insurance of legal entities increased by 19% and amounted to UAH 1.73 billion. According to NASU data, INGO is the leader in this segment.
During the reporting period INGO paid more than UAH 1.08 bln of indemnities, which is 32% more than last year’s figures. The largest amounts were reimbursed under contracts of voluntary health insurance – more than UAH 419 mln, CASCO – UAH 328 mln, property insurance – UAH 273 mln. More than UAH 184 mln has been indemnified for losses of agricultural producers.
Reserves of the company as of November 1, 2024 have grown by 11%, reaching almost UAH 2 billion, shareholders’ equity has grown by 16%, up to UAH 1.34 billion. At the same time, highly liquid assets amount to UAH 3,02 bln, that is by 3% more than last year’s indicator.
During the reporting period IC INGO increased the amount of paid taxes to the budgets of all levels by 23% to UAH 185 mln.
Until the end of 2024 INGO expects further increase in insurance premiums due to market concentration and introduction of new technologies. Particular attention will be paid to digitalization of processes to improve customer service, the report says.
INGO Insurance Company JSC holds licenses for 18 classes of insurance and has been providing insurance services to both individuals and companies for 30 years. Its network includes 25 branches, 5 outlets and 9 customer service centers operating in all regions of the country. The company is among the largest insurance companies in Ukraine in terms of premiums, the size of its own assets and the amount of insurance claims paid. Since 2017, the main shareholder is the Ukrainian business group DCH.
In the second quarter of 2023 there is a noticeable recovery in the number of provided medicines after a decline in the winter period, which indicates a continuing trend of their increase compared to previous years, according to the press release of the insurance company “INGO” (Kiev).
It is also noted that the analysis of the popularity of services showed a continued increased demand for diagnostics since September 2022. At the same time consultations of doctors remain at a stable level without significant changes.
The other groups of services, although accounting for less than 20% of the total, do not show pronounced changes, with the exception of medical examinations, the demand for which has doubled in recent months compared to the preliminary figures.
According to the report, for the provision of medical services to its clients in the second quarter of 2023 paid UAH 110 million. The amount of payments for accident insurance programs has also increased.
According to the information of the Department of personal types of insurance, the average number of customer contacts is kept at a fairly high level – about 1.5 thousand contacts daily, but a little less than in the winter-spring period.
JSC INGO Insurance Company has more than 25 years of experience in the market. Since 2017, the main shareholder of the company is the Ukrainian business group DCH of Oleksandr Iaroslavskyi.
The company has 29 licenses for various types of compulsory and voluntary insurance, provides insurance services to corporate and retail clients.
