UKRAINE: GWP of INGO Ukraine went up by 13.7% and paid claims - by 10.9%

INGO Ukraine generated GWP in the amount of UAH 876.8 million, in the first nine months of 2018, 13.7% more y-o-y. At the same time, the insurer's paid claims reached UAH 378.8 million (+10.9%), informed Forinsurer.

The company's premiums in motor insurance amounted to UAH 468 million (+19% y-o-y), in property and liability insurance - UAH 238 million. The most dynamic growth was recorded by personal insurance classes, by 56.6% (UAH 108 million).

At 30.09.2018 the actual solvency margin of INGO Ukraine was UAH 603.9 million, which exceeded the standard level by 320.6%. Based on 1H2018 results the company occupied the 7th place in the market general ranking in terms of GWP, and the insurer's premium growth rate represented 14%.

*EUR 1 = UAH 33.128775 (as of 30.09.2018)

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