Business news from Ukraine

Leaders of Ukrainian insurance market in terms of collected premiums in Jan-March 2022 were ARX, Uniqa and TAS

Insurance companies ARX (UAH 810.2 million), Uniqa (UAH 669.7 million) and IG TAS (568 .9 million UAH, all Kyiv).
According to the main performance indicators of Ukrainian insurance companies published on the NBU website for 1 sq. 2022, while the leaders in insurance payments for 3 months. were Uniqa (UAH 276.4 million), ARX (UAH 271.2 million) and TAS SG (UAH 244 million).

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Insurance payments of Austrian “Uniqa” in Ukraine in June amounted to UAH 74.7 mln

Insurance companies Uniqa and Uniqa Life (both from Kyiv), which are part of the non-banking financial group Uniqa Ukraine, paid UAH 74.7 million in insurance claims in June this year, according to the website of IC Uniqa.
At the same time, it is noted that under auto insurance contracts, the total amount of insurance payments amounted to UAH 39.4 million, of which UAH 30.8 million for CASCO and UAH 6 million for OSAGO and DGO.
The total amount of payments under voluntary medical insurance contracts amounted to UAH 25.2 million. The amount of life insurance payments is UAH 8.2 million.
The largest payment in June was UAH 821.6 thousand. under a CASCO insurance contract.
Medical assistance “Uniqa” for the reporting period processed more than 61.144 thousand appeals, technical assistance – more than 10.583 thousand, the report says.
UNIQA Group (Austria) entered the Ukrainian market in 2006. Its companies in Ukraine – “Uniqa” and “Uniqa Life” with headquarters in Kyiv, offer most types of risk and life insurance through a nationwide network.

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INSURANCE PAYMENTS OF UNIQA UKRAINE IN MAY REACH UAH 86.9 MLN

Insurance companies UNIQA and UNIQA Life (both – Kyiv), included in the nonbank financial group UNIQA Ukraine, in May of this year paid out UAH 86.9 million in insurance claims, according to the website of the UNIQA insurance company.
At the same time, under car insurance policies, the total amount of insurance payments reached UAH 39.4 million, of which payments under voluntary car insurance policies were UAH 33.7 million, for compulsory insurance of land vehicle owners’ civil liability and voluntary insurance of land vehicle owners’ civil liability – UAH 5.7 million.
The amount of payments under voluntary medical insurance policies totaled UAH 20.7 million. The amount of life insurance payments is UAH 4.4 million.
The largest payment was UAH 6.9 million under a property insurance policy.
Medical assistance UNIQA for the reporting period processed more than 51,322 appeals, technical assistance – more than 10,944, the group said.
UNIQA Group (Austria) entered the Ukrainian market in 2006. Its companies in Ukraine – UNIQA and UNIQA Life with headquarters in Kyiv – offer most types of risk and life insurance through a nationwide network.

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UNIQA RAISES PREMIUMS BY 24% IN UKRAINE

UNIQA insurance company (Kyiv), part of the non-banking financial group UNIQA Ukraine, whose shareholder is UNIQA Group (Austria), in January-September 2021 increased the collection of premiums by 24% – to UAH 2.345 billion, according to the company’s website.It is also noted that, according to the results of the nine months, the share of premiums in motor types of insurance is 35%, property – 21% and personal types – 44% of the portfolio.The company’s insurance reserves as of September 30, 2021 amount to UAH 1.6 billion. The assets accepted to cover insurance reserves by 63.8% exceed the amount of insurance reserves and amount to UAH 2.5 billion.The actual solvency margin of UNIQA is UAH 810.3 million and exceeds the standard by 61.8%. The insurer’s equity capital is UAH 834.5 million.The company also reports that in January-September of this year, it transferred taxes and mandatory payments to the budget in the amount of UAH 195.1 million, including income tax in the amount of UAH 84.6 million.UNIQA medical assistance for the specified period processed more than 950,000 calls, more than 180,000 were processed by technical assistance.UNIQA Group entered the Ukrainian market in 2006. UNIQA Ukraine today includes the companies UNIQA and UNIQA Life.UNIQA Group is one of the leading insurance groups in its main markets in Austria, Central and Eastern Europe.

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UNIQA INCREASE INSURANCE PAYMENTS BY 25% IN UKRAINE

UNIQA and UNIQA Life insurers (Kyiv), members of the non-bank financial group UNIQA Ukraine, paid UAH 82.1 million of insurance claim fees in July 2020, which is 25% more than the amount of payments for June this year, according to a press release from UNIQA.
It is noted that under auto insurance contracts, the total amount of insurance payments in July amounted to UAH 37.4 million (46% of the total payments), of which payments for KASKO amounted to UAH 29.5 million, on OSAGO and DSAGO some UAH 7.9 million.
The total amount of payments under voluntary medical insurance contracts in July was UAH 32.7 million. The amount of payments for life insurance totaled UAH 2.8 million.
The largest sum for July was paid for the KASKO risk in the amount of UAH 1.1 million.
In July 2020, the UNIQA medical assistance processed 85,533 requests from insured clients. In July, technical assistance was contacted by 17,544 clients insured under KASKO, OSAGO, and property risks.
UNIQA Group (Austria) entered the Ukrainian market in 2006. Today its companies, namely UNIQA and UNIQA Life, headquartered in Kyiv, offer most types of risk and life insurance through a nationwide network.

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AUSTRIAN UNIQA RAISES NET WORTH IN UKRAINE BY 23%

UNIQA Insurance Company (Kyiv) in 2019 increased its net worth by 23%, to UAH 529.741 million, according to a draft decision of the company’s shareholders for a meeting scheduled for April 23.
According to the document, the company’s assets in 2019 decreased by 22.7%, to UAH 2.432 billion.
The draft decision states that the company last year posted a net profit of UAH 89 million, which is 3.5 times more than in 2018. Retained earnings for the year amounted to UAH 326.8 million. which is 34.9% more.
The charter capital has not changed and amounted to UAH 155.48 million.
Total debtor indebtedness decreased by 3.9 times, to UAH 282.7 billion, cash and cash equivalents by 2.9 times, to UAH 30.4 million.
Long-term liabilities decreased by 10%, to UAH 1.6 billion, current liabilities by 3.8 times, to UAH 300.1 million.
UNIQA Insurance Company was founded in 1994. It joined UNIQA Group Austria in 2006.

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