Shareholders of the insurance company “Knyazha Vienna Insurance Group” (“Knyazha VIG,” Kyiv) adopted a resolution at a meeting on September 8, 2026, to increase the authorized capital from 129.964 million UAH to 162.453 million UAH (by 24.998%), through an additional share issuance, the company reported in the NSSMC’s disclosure system.
According to the report, the increase in the authorized capital will be carried out through additional contributions by issuing 2.137 million shares with a par value of 15.2 UAH each, for a total par value of 32.489 million UAH and a market value of 219.622 million UAH.
It is also noted that the increase in the authorized capital will be carried out under a simplified procedure, and the International Finance Corporation (IFC) has the preemptive right to purchase the shares.
The minutes of the general meeting also state that the company’s shareholders who made the decision were Vienna Insurance Group AG Wiener Versicherung Gruppe (90.5612%) and ATBIH GmbH (Austria) (9.4388%).
As previously reported, on June 29, 2026, the National Bank of Ukraine approved the International Finance Corporation (IFC, U.S.) to acquire a significant stake of 19.999% each in PJSC Insurance Company “Ukrainian Insurance Group” (USG) and PJSC Insurance Company “Knyazha Vienna Insurance Group” (both based in Kyiv).
Earlier, in December 2026, the IFC, a member of the World Bank Group, announced that it would acquire stakes in “Knyazha Vienna Insurance Group” and “USG,” both owned by the Vienna Insurance Group (VIG), through a capital increase.
PJSC “Insurance Company ‘Knyazha Vienna Insurance Group’” is part of the Vienna Insurance Group Ukraine financial holding company,
According to NBU data for the first six months of 2026, the company ranks seventh in terms of premiums written among Ukraine’s risk insurance companies (47).
Shareholders of Insurance Company “VUSO” (Kyiv) plan to approve a resolution at a meeting scheduled for October 2 to allocate 20.013 million UAH from the balance of net retained earnings for 2025—totaling 259.7 million UAH—toward dividend payments.
As the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the remaining portion of retained earnings for 2025, amounting to 239.7 million UAH, is planned to remain undistributed.
The meeting agenda states that dividends will be paid at a rate of 0.73 UAH per share. They will be paid in full directly to shareholders in accordance with the procedure established by law within six months from the date the relevant resolution is adopted by the general meeting of shareholders.
As previously reported, the shareholders of VUSO Insurance Company, at a meeting on June 29, 2026, adopted a resolution to allocate 20.013 million UAH from the net undistributed profit for 2025 toward dividend payments. Previously, at meetings held from December 4 to 9, 2025, as well as on March 25, 2026, they adopted a resolution to allocate UAH 20.013 million from the confirmed retained earnings for 2024 toward dividend payments.
VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine (MTIBU) and the Ukrainian Insurance Federation (UIF), as well as a member of the Nuclear Insurance Pool.
The company’s gross premiums for 2025 totaled 5.136 billion UAH, which is 48.36% more than in 2024; net premiums grew by 47.92% to 4.593 billion UAH, and net earned premiums increased by 48.74% to 4.071 billion UAH. Individuals accounted for 60.56% of gross premiums, while reinsurers accounted for 0.84%.
In 2025, VUSO Insurance Company paid out UAH 1.791 billion to its clients, which is 26.64% higher than the volume of insurance payments and reimbursements for 2024; the payout ratio decreased by 5.98 percentage points to 34.87%.
As of January 1, 2026, the insurer’s assets grew by 63.43% to 3.133 billion UAH, equity increased by 32.49% to 1.001 billion UAH, and liabilities rose by 83.57%, to 2.132 billion UAH, and cash and cash equivalents by 59.50%, to 1.210 billion UAH.
Miroslav Bojchin, Chairman of the Board of PJSC “European Travel Insurance,” was named the winner in the “Insurance Market Leader of the Year” category as part of the 30th anniversary nationwide “Person of the Year 2025” program.
Boychin has been working in the international insurance business for over 20 years. He holds three advanced degrees, including in foreign languages, finance, and management. He began his professional career in government agencies and has worked in the insurance industry since 1996.
Since 2005, Boychin has worked for the international insurance groups Generali, Munich Re, and EIG. In 2006, he became the head of “European Travel Insurance,” which specializes in travel insurance. Since 2021, he has also served as chairman of the supervisory board of the insurance company “Euroins Ukraine.”
Under Boychin’s leadership, “European Travel Insurance” has strengthened its position in the Ukrainian travel insurance market and expanded its customer base. According to the company, the number of its insured customers exceeded 1 million in 2025.
The company specializes in insurance for travelers going abroad, medical and travel insurance, as well as travel-related insurance products. “European Travel Insurance” is a member of ITIA, an international group of specialized travel insurers that brings together companies from several countries.
The company notes that in recent years, one of its key priorities has been adapting its insurance products to changes in the travel patterns of Ukrainians, growing demand for medical care abroad, and new risks associated with martial law.
In addition to its insurance activities, “European Travel Insurance” participates in social and charitable initiatives, including providing funds to support Ukrainian military personnel.
The nationwide “Person of the Year” program has been held in Ukraine since the 1990s and annually honors representatives from business, government, culture, sports, and other fields. In 2025, the program was held for the 30th time.
Open4business is the program’s information partner.
On September 10, the National Bank of Ukraine (NBU) announced its intention to enter into a contract with insurance company “VUSO” (Kyiv) for employee health insurance, according to the Prozorro electronic procurement system.
With an expected cost of the service at 144.389 million UAH, the company’s bid amounted to 129.174 million UAH.
Insurance Company “Kraina” also participated in the tender—its bid was 2 UAH lower, but it was rejected.
Other participants in the tender included Insurance Company “Universalna” (UAH 129.826 million), “Arsenal Insurance” (UAH 144.159 million), and “INGO” (UAH 144.252 million).
As previously reported, on August 11, 2025, the NBU awarded the contract for employee health insurance to VUSO Insurance Company; on June 4, 2024, Universala Insurance Company was the winner of the tender.
VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine (MTIBU) and the Ukrainian Insurance Federation (UIF), a participant in the Direct Claims Settlement Agreement, and a member of the Nuclear Insurance Pool.
According to the NBU, the company ranked third in premiums written among Ukraine’s non-life insurers as of the end of 2025.
In August 2026, the National Bank of Ukraine (NBU) fined PJSC “USG Insurance Company” 30.8 million UAH for violating legal requirements regarding the prevention and counteraction of money laundering and terrorist financing. According to the regulator, the violations concerned the improper organization and conduct of initial financial monitoring.
In particular, the NBU identified shortcomings in the company’s internal documents regarding financial monitoring, the conduct of due diligence on customers, and the application of a risk-based approach.
The regulator also pointed out shortcomings in the additional screening of politically exposed persons (PEPs), as well as in the provision of information and documents to the National Bank upon its requests.
In addition to the fine, the insurance company received a written warning for violating requirements regarding the preparation and submission of statistical reports on financial monitoring.
The enforcement actions against SK “USG” were part of a series of measures taken by the NBU in August against one bank and four non-bank financial institutions. The total fines imposed by the regulator on the five companies exceeded 50 million UAH.
Specifically, the NBU simultaneously fined the state-owned “Ukrgasbank” 17.6 million UAH, “Max Credit” LLC 1.08 million UAH, “FC Goal” LLC 391,000 UAH, and “Zaporizhsvyazservis” PJSC 255,000 UAH.
USG Insurance Company has been operating in the Ukrainian insurance market for over 20 years. The company was founded in 2000 and has been part of the international Vienna Insurance Group (VIG) since 2008. The company is 100% foreign-owned and operates in the main segments of non-life insurance, including auto insurance, property insurance, liability insurance, travel insurance, and corporate risk insurance. Pavlo Nelga serves as Chairman of the Board.
The insurance company “Knyazha Life Vienna Insurance Group” (Kyiv) collected 25.2 million UAH in insurance premiums from January through June 2026, which is 7.32% less than in the same period of 2025.
This was reported by the rating agency “Standard-Rating” on its website in an announcement confirming the company’s financial stability rating/credit rating at the “uaAA+” level based on the results of the reporting period.
It is noted that the insurer’s total insurance payments and claims settlements amounted to 23.986 million UAH, which was 57.97% higher than the amount of payments for the same period in 2025. Thus, the payout ratio rose to 95.10%.
The insurer’s acquisition costs for the first half of 2026 totaled 0.324 million UAH, which is 30.47% less than in the first half of 2025. Net profit amounted to 25.613 million UAH, whereas the insurer had reported a loss for the corresponding period in 2025.
As of July 1, 2026, the company’s assets grew by 5.92% to 1.060 billion UAH, equity by 9.48% to 324.824 million UAH, and liabilities by 4.42% to 735.353 million UAH, while cash and cash equivalents decreased by 23.05% to 6.813 million UAH, and government bonds and bank deposits—as part of current financial investments—increased by 6.88% to 1.028 billion UAH.
Thus, as of the beginning of the second half of 2026, the equity of IC “Knyazha Life Vienna Insurance Group” covered 44.17% of its liabilities, and 0.93% of liabilities were secured by cash and cash equivalents.
The RA also reports that as of the reporting date, the insurer had formed a portfolio of current financial investments totaling 1.028 billion UAH, which included bank deposits and investments in government bonds. Thus, liquid assets (cash and cash equivalents, bank deposits, and government bonds) exceeded the insurer’s liabilities by a factor of 1.41.
The RA notes that the company’s high level of external support is provided by its shareholder—the international insurance group Vienna Insurance Group Wiener Städtische Versicherung AG, headquartered in Austria, which is represented by 50 companies in 30 countries and is a leader in the insurance market of Central and Eastern Europe.
