League of Insurance Organizations of Ukraine (LIOU) has accepted IC “ROM Ukraine” and IC “ROM Ukraine Life Insurance” (both – Kiev) into the association on July 13.
According to the Chairman of the Board of ROM Ukraine Jacek Matusiak, the group “ROM Ukraine” takes an active position in the market and never remains indifferent to the problems arising both in the insurance industry and in the economy of the country as a whole. This is what prompted the group to join LSOU in order to work together with like-minded companies to improve insurance legislation, to implement the best European business practices, especially in terms of transparency, ethics and responsibility for obligations to customers.
“Our group is interested in remaining an important and active player in the Ukrainian insurance market in the long term. Therefore, within a unified structure we count on effective partnership cooperation with the achievement of all strategic goals,” – he said.
As noted, the president of LSOU Victor Berlin, among its main priorities of the League – business protection, search for new opportunities for the development of insurers, as well as the unification of the insurance market of Ukraine for the sake of sustainable development.
“I am sure that such synergy of experience of Ukrainian and Polish colleagues will significantly expand our opportunities and will help us together with the recovery of Ukraine to start more intensive development of the national insurance market”, – emphasized the head of LSOU.
As “Interfax-Ukraine” was informed in the press service of “ROM Ukraine”, it was also decided to withdraw the companies from the National Association of Insurers of Ukraine, of which they are members since January 2021.
PJSC Insurance Company “ROM Ukraine” in 2022 collected UAH 1.280 billion of gross premiums, net premiums of the company increased last year by 6.76% – to UAH 1.172 billion, and earned premiums – by 13.38%, to UAH 1.110 billion. The volume of payments and compensations made by the insurer for the specified reporting period has amounted to UAH 575,537 mln.
Assets of the company on December 31, 2022 have decreased by 14,93% – to UAH 2,425 billion, shareholders’ equity has increased by 3,43% – to UAH 853,817 million, liabilities have decreased by 22,41% – to UAH 1,571 billion, cash and cash equivalents have increased in 3,34 times – to UAH 364,458 million.
IC “ROM Ukraine Life Insurance” has finished 2022 with net premiums in the amount of UAH 396,5 mln. Payouts amounted to UAH 45,4 mln, assets – UAH 1,872 bln, reserves – UAH 1,419 bln, net loss – UAH 17,4 mln.
PJSC IC PZU Ukraine and IC PZU Ukraine Life Insurance are subsidiaries of PZU S.A., part of the largest insurance group of Central and Eastern Europe – PZU Group (Poland).
Insurance company “ROM Ukraine” (Kiev) in January-March 2023. drew 310.7 million UAH of insurance premiums, which exceeds by 10 million UAH the corresponding figure for the first three months of 2022, according to a press release the insurer.
Also noted that the largest increase in payments during the reporting period was recorded in hull insurance by 36% to UAH 75.1 million, which amounted to 24% of the total payments, and “Green Card” by 45% to UAH 60.9 million (20%).
At the same time, the share of MTPL insurance in the company’s portfolio was 24% or UAH 74,3 mln of payments (+24%), of voluntary health insurance – 16% or UAH 48,5 mln of payments (+17%).
The collections of IC “ROM Ukraine” under other insurance agreements in January-March amounted to UAH 51,9 mln.
PJSC IC “PZU Ukraine” is a subsidiary company of PZU S.A. belonging to the largest insurance group of Central and Eastern Europe – PZU Group (Poland).
