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.
