Business news from Ukraine


INGO Ukraine insurance company (Kyiv) in January-June 2019 collected UAH 750 million in insurance premiums, which is 35% more than a year ago, the company’s press service has reported.
According to the company, premiums for vehicle insurance amounted to UAH 388 million, for property and liability – more than UAH 157 million, for personal types of insurance – more than UAH 165 million, and for special types – more than UAH 37 million.
The company showed the highest dynamics in premiums under voluntary fire and natural disaster insurance policies (a rise of 138%), voluntary medical insurance (a rise of 85%), voluntary and compulsory motor liability insurance (a rise of 64%) and voluntary property insurance (a rise of 63%).
As of June 30, 2019, the size of acceptable assets, taking into account the criteria of liquidity, profitability and quality, amounted to UAH 1.937 million (a rise of 12%). The actual solvency margin reached UAH 593.5 million, which exceeds the standard indicator by UAH 368.7 million.
In January-June 2019, the company paid UAH 311.5 million (a rise of 18.4%) as its obligations to customers and settled more than 66,000 insurance events. Formed reserves for payments by June 30 amounted to UAH 202.4 million.
Over the period, the company concluded more than 132,000 insurance contracts, of which more than 101,000 with individuals and more than 31,000 with legal entities.
INGO Ukraine has 25 years of experience in the market. Since 2017, the Ukrainian business group DCH of Oleksandr Yaroslavsky has been the main shareholder of the company.
The company has 28 licenses for various types of compulsory and voluntary insurance, provides insurance services to corporate and retail customers.



INGO Ukraine Life insurer (Kyiv) in January-June 2018 collected UAH 20.2 million of insurance premiums, which is 5.8% more than in January-June 2017, according to a press release of the insurer.
The total amount of insurance claim fee payments was UAH 6.8 million (26.4% more). Of these, UAH 624,100 were paid for deaths, UAH 2.504 million for cases of disability establishment, UAH 1.832 million for hospitalization and temporary disability, and UAH 1.749 million in connection with critical diseases.
In addition, for the six months payments were made for long-term accumulative insurance contracts related to the surviving of the insured person by the end of the insurance period for a total of UAH 70,200.
The largest payments for this period were as follows: UAH 1.498 million in connection with the establishment of the second group of disability due to a critical illness, UAH 936,000 in connection with the diagnosis of a critical illness.
INGO Ukraine Life received an unlimited license to carry out life insurance activities in November 2007. Since April 26, 2013 it has been representing the interests of Generali Employee Benefits (GEB) in Ukraine.

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