UKRAINE: insurers' expenses for agents' remuneration from January to September 2019 reached almost UAH 7 billion

7 January 2020 — Marina MAGNAVAL
From January to September 2019, expenses for agents' remuneration of Ukrainian insurers increased by 72.5% y-o-y, according to the report for the mentioned period of the National Financial Services Commission.

Expenses for agents' remuneration amounted to UAH 6.95 billion (~EUR 0.26 billion*). Expenses for conducting business of insurance companies in the reporting period grew by 29%, to UAH 3.3 billion (~EUR 0.12 billion*).

The costs of settlements for insured events increased by 37% y-o-y, to UAH 252.6 million (~EUR 9.6 million*), as Forinsurer informed.

* 1 EUR = 26.334552 UAH (September 30th, 2019)

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