UKRAINE: in 1Q GWP of ARX almost reach UAH 1 billion

4 June 2024 — Marina MAGNAVAL
In the first three months of 2024, GWP of ARX exceeded UAH 946 million (~EUR 22.36 million), which is 21% more y-o-y. At the same time the insurer's paid claims exceeded UAH 431 million (~EUR 10.18 million), Forinsurer reports.

It is noted that for 15 years ARX has been the leader in the Motor Hull market of Ukraine. In 1Q2024, the company collected more than UAH 462 million in the segment, which is 28% more y-o-y. The company also received the "Best Motor Hull Product" award at the annual Finawards 2024 competition. In MTPL the company's GWP exceeded UAH 65 million (+23%).

ARX’s GWP in health insurance exceeded UAH 172 million (+10%), property insurance – UAH 116 million (+12%).

ARX has been operating in the Ukrainian market for 30 years, and every day pays out about UAH 5 million to its clients, the report says.

*EUR 1 = UAH 42.31 (31.03.2024)