Business news from Ukraine


20 March , 2019  

INGO Ukraine Life insurance company (Kyiv) collected UAH 30.3 million in insurance premiums in 2018, which is 19% more than in 2017, the company has said in a press release.
“The company consistently maintains the growth pace for premiums collected, retains a leading position in the corporate risk life insurance market, including through new contracts in the segment of not only foreign, but also local companies,” Director General Tetiana Ryzhova said.
The total amount of insurance payment paid by the company in claims for 2018 amounted to UAH 13.3 million, which is 12% higher compared to 2017.
Of these, UAH 4.551 million was paid in cases of death, UAH 3.048 million was paid for disability, UAH 3.178 million was paid to hospitalized and temporary incapacitated persons, and UAH 2.321 million was paid over diseases critical for life of insured persons.
In addition, in 2018, payments were also made on long term endowment insurance contracts for a total of UAH 193,000.
The indefinite life insurance license was obtained by JSC INGO Ukraine Life in November 2007. From April 26, 2013, the company represents the interests of GeneraliEmployeeBenefits (GEB) in Ukraine.