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.
IC “Express Insurance” (Kiev) in January-September 2024 made payments in the amount of UAH 379,2 mln, that is by 61,6% or by UAH 143,8 mln more than the indicator for the same period of 2023, the insurer’s website reports.
Including payments on hull insurance amounted to UAH 319 million (+55.5%), on MTPL – UAH 49.8 million (2.3 times more), on voluntary health insurance – UAH 4.5 million (-11.1%), payments under other insurance contracts – UAH 5.9 million (+65.2%).
At the same time, the company reports that in September 2024 payments to clients amounted to UAH 39 mln (+35.9%) more than in September 2023. In particular, the company paid UAH 31.6 mln (+28.9%) under hull insurance contracts, and UAH 5.5 mln (+58.4%) under CMTPL insurance.
Express Insurance ALC 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.
Insurance company “PZU Ukraine” (Kiev) in January-June 2024 settled under contracts of voluntary insurance of motor vehicles (CASCO) 2,2 thousand events, which is 14% more than in the same period a year earlier, the company reports.
The total amount of payments under this type of insurance is UAH 100.7 mln, which is 23% more than in the first half of last year. At the same time, 105 applications have been accepted under CASCO contracts for events that occurred abroad, the amount of payments for events abroad is almost UAH 6 mln. The largest payment for this period under such contract amounted to UAH 1.313 mln. 53% of CASCO cases have been settled within 7 days.
According to the company’s data for 6 months of the current year under contracts of compulsory insurance of motor third party liability of vehicle owners (MTPL) the company settled 5,324 thousand events for the total amount of UAH 156,220 mln. At the same time, 474 insurance cases were considered under the system of direct settlement and payments in the amount of UAH 13.9 mln were made. Through Telegram-bot PZU on KASKO and MTPL contracts 4,811 appeals were accepted.
As for “Green Card” contracts in the period January-June 2024 502 insurance cases were settled for the total amount of UAH 78,7 mln. The largest payment under such contract for the specified period is UAH 2,740 mln.
PZU Ukraine is a part of one of the largest insurance groups of Central and Eastern Europe – PZU Group (which includes the parent company of PJSC IC PZU Ukraine – PZU S.A.).
Insurance company Busin (Kyiv) has collected UAH 293.238 mln of gross premiums in 2023, that is by 10.63% less than a year earlier, the rating agency Standard-Rating reported in the information on updating the credit rating/rating of financial stability of the insurer at the level of “uaAA+” on the national scale on the basis of the analysis of its statements for the specified period.
According to the report, receipts from individuals for this period have grown by 7,19% – to UAH 1,446 mln, and from reinsurers, on the contrary, have decreased by 7,39% – to UAH 43,182 mln.
Insurance payments sent to reinsurers for 2023 decreased by 10.62% compared to 2022 – to UAH 193.951 million. Despite such decrease, the ratio of reinsurers’ participation in insurance premiums remained almost unchanged – at the level of 66.14%.
Net premiums for the year decreased by 10.65% – to UAH 99.287 mln, while earned premiums increased by 30.89% – to UAH 114.479 mln.
For 2023, the company paid UAH 1,317 mln of insurance payments and indemnities to its clients, which is 91,70% more than for 2022. Thus, the level of payments has increased by 0,24 p.p. – to 0,45%.
The financial result from operating activity of IC “Busin” for 2023 has grown to UAH 65,143 mln, and net profit has amounted to UAH 55,218 mln.
Assets of the insurer on January 1, 2024 have decreased by 4,04% – to UAH 586,909 mln, shareholders’ equity has increased by 20,88% – to UAH 243,016 mln, liabilities have decreased by 16,25% – to UAH 343,893 mln, cash and cash equivalents have increased by 25,97% – to UAH 265,873 mln.
According to the information provided by RA IC “Busin”, as of January 1, 2024 has complied with the criteria of liquidity, profitability and quality of insurer assets, solvency and capital adequacy norms, riskiness norms of operations and asset quality norms.
IC Busin was registered in February, 1993. It specializes on risky types of insurance. It is a member of a number of professional and branch associations – League of Insurance Organizations of Ukraine, National Club of Insurance Payouts, International Association of Aviation Insurers (UA), Nuclear Insurance Pool, American Chamber in Ukraine, British Business Club.
In January of this year, Express Insurance (Kyiv) collected insurance premiums in the amount of UAH 59.7 million, which is 12.5% more than in the same period of 2023.
As specified on the insurer’s website, during this period, contracts were concluded 2.5 times more than in 2023, and 2.4 times more than in January 2021.
Premiums for motor hull insurance amounted to UAH 47.723 million (+0.9% compared to January 2013), for MTPL – UAH 9.667 million (2.9 times more), VHI – UAH 1.3 million (+25.8%), and for other types of insurance – UAH 1 million (+97.8%).
As reported, in January, the company paid UAH 270.9 million, which is 53.8% or UAH 10.3 million more than in the same period of 2023. In particular, payments for motor hull insurance amounted to UAH 26 million, which is 58.4% more than in January 2023, for MTPL – UAH 2.842 million (+ 24.3%), VHI – UAH 684.7 thousand (+ 21.5%), and for other types of insurance – UAH 257.2 thousand (2.8 times more).
“Express Insurance” ALC was founded in 2008 and is a part of UkrAuto group of companies. The company specializes in motor insurance. Since April 2012, it has been an associate member of the Motor Transport Insurance Bureau of Ukraine.
