Business news from Ukraine

EUROPEAN TRAVEL INSURANCE POSTS 31% RISE IN NUMBER OF INSURED TOURISTS IN 2017

13 February , 2018  

European Travel Insurance (ERV, Kyiv) in 2017 increased the number of insured tourists by 31.27% compared to 2016, to 749,100 tourists traveling abroad and 86,600 tourists traveling in Ukraine.
According to a press release of the insurer, the number of tourists traveling abroad increased by 30.1%, traveling in Ukraine by 42.53%.
The most popular destinations in 2017 were Turkey, Egypt, Bulgaria, Cyprus, Spain, Greece, the United Arab Emirates, and Thailand.
During the year the company registered 10,617 insurance events for the amount of UAH 56.658 million with tourists abroad and 73 insurance events for UAH 143,000 in Ukraine. In total, in 2017 some 116 large insurance cases worth more than EUR2,000 were recorded, and the total amount of payments on them exceeded UAH 18 million.
The number of declared insurance events with tourists in 2017 rose by 31% compared to 2016. The largest number of applications came from Turkey (47% or 4,997 cases), followed by Egypt (21% or 2,252 cases).
European Travel Insurance was founded in 2006. It occupies one of the leading positions in the market of tourist insurance in Ukraine.
The charter capital of the insurer is UAH 9.473 million.