Business news from Ukraine


27 August , 2018  

VUSO Insurance Company (Kyiv) in January-June 2018 paid UAH 6.9 million on direct settlement of cases on compulsory insurance of motor vehicle owners’ liability (OSAGO), which is 5.75 times more than in the same period a year earlier.
According to a press release of the insurer, the company’s customers began to use the method of direct settlement of losses more often and apply for compensation of damage to their insurer but not the company where the policy of the person guilty in the accident was drawn up. In this way, VUSO settled 394 insurance cases in the first half of the year, while a year earlier the figure stood at 97.
In total for the reporting period, the company collected UAH 28.5 million of premiums on OSAGO, which is 19% more than in the same period a year earlier. Some 1,717 insurance cases were settled, which is 7% more than for the same period of 2017 (1,605).
The company notes that the average amount of compensation for material damage on road accidents for this type of insurance in the first half of the year increased by 2%, to UAH 13,900.