UKRAINE: Euroins Ukraine expands its business by 29% in January-May

29 June 2023 — Marina MAGNAVAL
Euroins Ukraine, a subsidiary of the international insurance group Euroins Insurance Group (EIG), in January-May 2023, maintained its financial stability and fulfilled all obligations to customers, fully meeting the requirements of the market regulator, Forinsurer reports.

In the first 5 months of 2023, Euroins Ukraine collected UAH 225.8 million (~EUR 5.70 million), which is 29% more than in the same period last year.

The most dynamic growth was recorded in MTPL (+81%), accident insurance (+64%) and voluntary health insurance (+61%).

Total amount of paid claims of Euroins Ukraine for 5 months of 2023 amounted to UAH 103.3 million (+54%).

"In 2023, the company is increasing its momentum, despite the wartime and the difficult economic situation. At the same time, we maintain high financial stability, meet all the requirements of the market regulator, and fulfill our obligations to customers and partners. (...) The team will make every effort to maintain the current growth rate until the end of the year", emphasized Yanko Nikolov, CEO of Euroins Ukraine.

According to the Insurance TOP industry rating for 1Q2023, Euroins Ukraine is in the TOP-5 companies in the Ukrainian MTPL market in terms of collected GWP.

*EUR 1 = UAH 39.55 (01.06.2023)