Euroins Ukraine increased premiums by 22% in 9 months of 2023

Euroins Ukraine, a subsidiary of the Euroins Insurance Group (EIG), has summed up its results for 9 months of 2023. The company provides a high level of financial protection for its customers and meets all the requirements of the market regulator.

For the three quarters of 2023, Euroins Ukraine collected UAH 408 million in insurance premiums, which is 22% higher than in January-September 2022.

The best dynamics of premiums was achieved in the segments of voluntary health insurance (VHI, +109%), motor third party liability insurance (+35%), and accident insurance (+41%).

The volume of claims paid to Euroins Ukraine customers in 9M2023 increased by 41% to UAH 188.2 million. On average, the company paid out about UAH 1 million per day.

"The main result of our work is that the company maintains high financial stability and liquidity, meets all the requirements of the regulator, timely and fully fulfils its obligations to customers and partners," says Yanko Nikolov, Chairman of the Board of Euroins Ukraine. "The increase in premiums in key business lines confirms the competitiveness of our products and high customer confidence”, he added.

About the company:

Euroins Ukraine is a universal non-life insurer operating in the Ukrainian market since 1992. It is a part of the Bulgarian Euroins Insurance Group (EIG), one of the largest independent insurance groups operating in Central, Eastern and South-Eastern Europe. EIG is a subsidiary of Eurohold Bulgaria, a leading energy and financial group operating in Central, Eastern and South-Eastern Europe.

The company has about 100 representative offices across the country, holds 25 licences, including 16 for voluntary and 9 for compulsory insurance. Euroins Ukraine is a member of the Motor (Transport) Insurance Bureau of Ukraine and the EBA (European Business Association), and is active in the segments of motor insurance, health insurance, property insurance, liability insurance and cargo insurance for private and corporate clients.