Premiums of Euroins Ukraine increased by 29% in 5 months of 2023

Euroins Ukraine, a subsidiary of the international insurance group Euroins Insurance Group (EIG), has summed up its results for January-May 2023. The company maintains high financial stability and fulfils all obligations to its customers, fully complying with the requirements of the market regulator.

For 5 months of 2023, Euroins Ukraine collected UAH 225.8 million in insurance premiums, which is 29% more than in the same period last year.

The most dynamic growth was shown in the segments of MTPL (+81%), accident insurance (+64%) and voluntary health insurance (VHI, +61%).

The total amount of claims paid to Euroins Ukraine clients for 5 months of 2023 amounted to UAH 103.3 million (+54% increase compared to the same period last year). On average, the company paid out about UAH 1 million per day during the reporting period.

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

According to the Insurance TOP industry rating for 3 months of 2023, Euroins Ukraine is among the TOP 5 companies in the MTPL market in terms of premiums collected.