UKRAINE: ARX and ARX Life increase GWP and paid claims in 1H2023

16 August 2023 — Marina MAGNAVAL

In 1H2023, total GWP of ARX and ARX Life (among top 5 insurers in Ukraine) exceeded UAH 1.8 billion, (~EUR 44.91 million) which is 40% more y-o-y. At the same time, total profit of the two companies amounted to UAH 345.4 million, Forinsurer reports.

Non-life insurance company ARX collected more than UAH 1.7 billion (+43%) in the first six months of 2023, and its paid claims amounted to more than UAH 625 million (+26%).

ARX is the leader in the Motor Hull market, its premiums in this segment exceeded UAH 837 million (+43%). At the same time, the company’s MTPL premiums reached UAH 124 million (+29%), in health insurance - UAH 332.6 million (+16%), in property insurance - more than UAH 185 million (+46%).

*EUR 1 = UAH 40.08 (01.07.2023)