Based on the mentioned materials, in 2020 the company's assets increased by 47% to UAH 433.2 million, equity - by 39.8% to UAH 129.7 UAH million, accounts receivable - by 71.6%, to UAH 67.2 million.
As reported, GWP of EUROINS Ukraine reached UAH 320 million in 2020, which is 25% more y-o-y. According to the Motor Transport Insurance Bureau of Ukraine (MTIBU), in 2020 EUROINS Ukraine was included into the TOP-10 insurers of Ukraine in terms of the number of MTPL policies sold as motor insurance continues to be the main LoB of EUROINS Ukraine. The company received the maximum assessment of the quality of work and claim settlement from MTIBU and total amount of its paid claims in 2020 exceeded UAH 110 million.
The key change in the work of EUROINS Ukraine in 2020 was active diversification of the portfolio. The insurer was one of the first in Ukraine to offer Ukrainian employers health insurance for their employees in the event of COVID-19. The company's voluntary health insurance in 2020 grew more than twice and now this segment is one of the key three LoBs of EUROINS Ukraine. Active growth was also achieved in property insurance, cargo, and luggage insurance.
EUROINS Ukraine has been operating on the Ukrainian insurance market since 1992, is a part of Euroins Insurance Group AD (Bulgaria).
*at the following exchange rate:
1 EUR = 34.7396 UAH (as of 01.01.2021)
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