UKRAINE: ARX and ARX Life increased paid claims by 33% in 2023

29 January 2024 — Marina MAGNAVAL
During 2023, ARX and ARX Life paid their clients UAH 1.4 billion (+33% y-o-y)/~EUR 33.23 million, which the company considers a new record, Forinsurer writes.

ARX is consistently in the TOP 3 in terms of paid claims, according to Insurance Top magazine. Every day the company pays out an average of UAH 5 million to clients.

One of the most successful LoB is Motor Hull - the company has been a leader in this segment for 13 years. The company’s Motor Hull paid claims in 2023 amounted to UAH 837 million, which is 20% more than in 2022. This is the best result in the Ukrainian insurance market: ARX paid claims in the Motor Hull segment are the highest for 2023 compared to other insurers.

Also, the key LoBs for paid claims are: voluntary health insurance – UAH 265 million (+50%), MTPL – UAH 117 million (+42%), life insurance – UAH 69 million (+37%), property insurance – UAH 57 million (+17%).

*EUR 1 = UAH 42.12 (31.12.2023)