UKRAINE: for three quarters of 2021 GWP of INGO increased by 22% y-o-y

8 November 2021 — Marina MAGNAVAL
According to the results of January-September 2021, the volume of INGO's premiums earned increased by 22% to UAH 1.4 billion (~EUR 45.42 million*), Forinsurer reports.

The insurer's paid claims for the period exceeded UAH 659 million, which is 18% more than a year earlier for the same period. Insurance reserves were formed in the amount of UAH 1.26 billion, which is 19% more y-o-y.

It is noted that the company adheres to the standards and criteria of liquidity, capital adequacy, asset quality and riskiness of operations. The value of highly liquid assets at the end of September 2021 amounted to UAH 1.2 billion (+18%). The actual solvency margin is UAH 714 million and exceeds the normative level by UAH 406 million.

*at the following exchange rate:

1 EUR = 30.8231 UAH (01.10.2021)

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