Business news from Ukraine

Universalna Insurance Company increased premium collection by 42.9%

29 February , 2024  

In 2023, Universalna Insurance Company (Kyiv) collected UAH 2.005 billion in insurance premiums, which is 42.9% more than in 2022.

According to the company’s website, last year the company increased the collection of payments under hull insurance contracts by 29.2% to UAH 648.212 million, VHI – three times, to UAH 579.294 million, property insurance – by 43.9%, to UAH 104.150 million, personal insurance – by 65%, to UAH 238 million, other insurance – by 2.9 times, to UAH 133.131 million.

The company reduced the collection of payments for motor third party liability insurance to UAH 147.844 million (-0.7%), for agricultural insurance to UAH 502 thousand (down 28.4 times), for aviation insurance to UAH 119.051 million (-43.8%), and for travel insurance to UAH 34.873 million (-10.7%).

Universalna has an international shareholder base, with the European Bank for Reconstruction and Development holding 30% of the shares and Fairfax Financial Holdings Limited 70%.

Fairfax Financial Holdings Limited (Canada) is a holding company that, through its subsidiaries, is primarily engaged in accident insurance, property insurance and investment management.

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