Business news from Ukraine

Business news from Ukraine

Unika Insurance Company increased premium collection in Ukraine by almost 30% in first half of year

27 August , 2023  

Unika Insurance Company (Kyiv), a member of the non-banking financial group Unika Ukraine, whose shareholder is UNIQA Group (Austria), increased its premium collection by 28% to UAH 1.607 billion in January-June 2023, the company’s website reports.

The largest increase was in hull insurance – +42%, up to UAH 440 million, and voluntary health insurance – +75%, up to UAH 614 million.

It is also noted that according to the results of the first half of the year, the share of premiums in motor insurance in the IC is 36%, property – 14% and personal – 50% of the portfolio.

The amount of insurance payments for the first two quarters of 2020 amounted to UAH 672.7 million.

The company’s insurance reserves as of June 30, 2023 amount to UAH 2.38 billion. The assets accepted to cover insurance reserves exceed the amount of insurance reserves by 83% and amount to UAH 4.34 billion.

The actual solvency margin of Uniqa Insurance Company amounts to UAH 1.462 billion and exceeds the regulatory one by 183%. The insurer’s equity capital is UAH 1.508 billion.

During the reporting period, Unika’s medical assistance department processed more than 733 thousand claims, and more than 92 thousand were processed by technical assistance.

UNIQA Group entered the Ukrainian market in 2006. Uniqa Ukraine currently includes Uniqa and Uniqa Life companies.

The Group is one of the leading insurance groups in its core markets in Austria, Central and Eastern Europe.