Business news from Ukraine


27 March , 2019  

The shareholders of Ukrainian Insurance Group (Kyiv) at a meeting on March 20, 2019 decided to increase the charter capital of the company by UAH 95 million, or 83%, to UAH 209.259 million, the insurer has said.
According to the report, charter capital will be increased by placing 950,000 shares with a nominal value of UAH 100 per share. The market value of the share is UAH 97.55.
As reported, in January-September 2018 the insurance company collected insurance premiums in the amount of UAH 672.9 million, which is 13.5% more than in the same period a year earlier (UAH 477.8 million).
Of this amount, UAH 609.9 million amounted to premiums for voluntary types of insurance, UAH 63.1 million for mandatory types of insurance.
As of September 30, 2018, the company’s charter capital amounted to UAH 114.3 million, assets some UAH 959.7 million. Insurance reserves are formed in the amount of UAH 581.9 million.
In the first nine months of 2018, Ukrainian Insurance Group settled more than 89,000 insurance claims, paid out UAH 355.5 million in insurance claim fees.
Ukrainian Insurance Group has been operating in the Ukrainian insurance market since 2000. It is part of Vienna Insurance Group, one of the largest insurance groups, the leader of the insurance market in Central and Eastern Europe.