In 2022, Euroins Ukraine collected UAH 469.1 million in premiums and paid UAH 187.5 million to its clients

In 2022, Euroins Ukraine collected 469.1 million insurance premiums, which is 20% less than in 2021. The largest shares in the company's portfolio were taken by MTPL (61%), CASCO (12%) and voluntary health insurance (11%). Premium volumes grew in the MTPL (+8% compared to 2021), accident insurance (+27%) and financial risk insurance (+26%) segments.

Last year, the company paid UAH 187.5 million in insurance claims, which is 12% less than in 2021. In the largest segment, MTPL, the company paid UAH 117.7 million (+13% compared to the amount paid in 2021). On average, the company paid out over UAH 700 thousand to customers every day.

"This year of war has been very difficult, but we have maintained high financial stability, fulfilled our obligations to clients and partners, and met the strict requirements of the market regulator," said Yanko Nikolov, Chairman of the Board of Euroins Ukraine.

"This is the main result of our work, which the team has done with the full support of European shareholders. The increase in MTPL premiums gives us hope for maintaining business volumes in 2023. The decrease in premiums in motor hull, VHI, property and travel insurance was inevitable for the insurance market. The reasons are obvious: the occupation of large areas of the country by the aggressor, the destruction of infrastructure, the decline in income and business activity of Ukrainians, and the shutdown of entire business sectors", he added.

According to the Insurance TOP rating for 9 months of 2022, Euroins Ukraine is among the TOP 10 companies in the MTPL market and among the TOP 15 in the voluntary motor third party liability insurance (VMTPL) market in terms of premiums collected.