ARX and ARX Life have summed up the difficult year 2020, which has become quite successful for them - their total GWP amounted to UAH 2.94 billion (~EUR 84.63 million*) , which is 17% more y-o-y, Forinshurer said.

At the same time, GWP of the non-life insurer ARX increased by 15% to UAH 2.7 billion, while GWP of the life insurer ARX Life amounted to UAH 259.6 million (+45% y-o-y).

Despite last year's quarantine restrictions and remote work, the company maintained a high level of service quality. ARX is the only company in the Ukrainian market that uses a transparent customer feedback service (Transparent Customer Feedback, TCF), which allows customers to evaluate the quality of services immediately after settlement of insured events.

For 12 years ARX has been the leader in the Motor Hull segment, one of the most successful segments in the company's portfolio. ARX GWP in this type of insurance in 2020 increased by 17% and exceeded UAH 1.6 billion. The insurer is also one of the TOP-5 companies in Ukraine in health insurance, ARX's GWP in this segment increased by 22%. The company also noted an increase in property insurance premiums (+9%).

Andrey PERETYAZHKO, Chairman of the Management Board of ARX, emphasized: "Our company has shown a surprisingly high ability to quickly adapt to new the environment, find necessary solutions and not stop at difficulties. By the end of 2020, the best level of the combined ratio (result from insurance activities) was achieved - 92.9% (according to Fairfax international reporting)", he said.

*at the following exchange rate:

1 EUR = 34.7396 UAH (as of 01.01.2021)