Business news from Ukraine


5 November , 2019  

European Travel Insurance (Kyiv) in January-September 2019 increased the number of insured tourists by 45% compared to the same period in 2018, to 1.375 million people, the insurer said in a press release.
According to its data, the total amount of premiums collected for this period in 2019 increased by 47% compared to the same period in 2018, and amounted to UAH 248 million, while over the nine months of 2018 the company collected premiums in the amount of UAH 169 million.
The company’s net profit for this period after paying taxes under the IFRS system amounted to UAH 48.740 million.
According to the press release, for the nine months of 2019 the company registered 13,306 insurance cases in the amount of UAH 79 million with tourists abroad and 141 insurance events for UAH 269,000 in Ukraine. In total, during this period of the year, 16 major insurance events worth more than UAH 300,000 each were recorded, and the total amount of payments on them exceeded UAH 8.2 million.
According to the company, for the nine months of 2019, the majority of appeals were received from Turkey (35%, or 4,640 cases), Egypt (21%, or 2,823 cases), and Bulgaria (6%, or 833 cases).

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