Business news from Ukraine

Business news from Ukraine

OMEGA INSURER SEES 7% RISE IN PREMIUM COLLECTION THROUGH 6 MONTHS

Kyiv-based Omega insurance company in January-June 2019 saw its premium collection rise by 6.9% compared the same period last year, to UAH 49.082 million, the insurer reported on its website.
According to the company, a share of the policies on compulsory motor liability insurance shrank from 61% to 36% year-over-year.
The company paid UAH 14.723 million in claims to its clients under OSAGO policies, which were sold for a total cost of UAH 17.708 million. Thus this indicator shows 83%.
The company showed high dynamics in premiums under medical and other types of personal insurance (from 18% to 26%) and property insurance (from 7% to 23%).
Omega was set up in 1994. It has 24 licenses for providing services under 7 compulsory and 17 voluntary types of insurance.