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PRESTIGE insurance company summed up the results of work for the 1st quarter of 2023
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Prestige Insurance Company continues to operate despite martial law. The head office, regional directorates and points of sale provide insurance services taking into account the current security situation, curfew rules and compliance with air alarms. The company fulfills its obligations under the concluded contracts in accordance with their terms.

The company continues to fulfill its obligations under the concluded contracts in accordance with their terms. Payments for insured events are paid normally.

The volume of insurance premiums of the Prestige Insurance Company for the 1st quarter of 2023 amounted to UAH 15.50 million and through the partner channel the Company collected UAH 2.39 million, which in total for insurance payments is: UAH 17.89 million. Insurance compensation for Q1 2023 amounted to UAH 2.69 million, the level of payments is 17.34%.

According to the results of Q1 2023, the structure of the Company's insurance portfolio is as follows: property insurance accounts for 58.87%, liability insurance – 12.81%, cargo insurance – 1.07%, personal insurance – 0.61%, incoming reinsurance – 1.39%, insurance of other types 9.47%, through an intermediary channel: Compulsory MTPL insurance 9.48%, Green Card 3.68% and Casco 1.38%.

Through the partner sales channel, the Company implements policies of compulsory third party liability insurance for land vehicle owners (MTPL), land transport insurance (auto-hull insurance), policies of the International Automobile Insurance System "Green Card", as well as concludes contracts of other types of insurance. Thus, the amount of insurance premiums under policies sold by Prestige Insurance Company as an intermediary for the 1st quarter of 2023 is UAH 2.39 million, including, with MTPL - UAH 1.72 million (1.53 thousand policies), of which under electronic policies - UAH 1.40 million, more than 1100 policies, or 74.25% of the total number of concluded MTPL agreements, "Green Card" - UAH 671.15 thousand,  more than 150 policies, of which 84.67% are electronic contracts.

The company is focused on working with legal entities. According to the status of the insured, 81.54% of insurance premiums account for payments from legal entities, for reinsurers – 1.62%, the remaining 16.84% – for individuals.

The insurance reserves of the company amounted to UAH 5,623.5 thousand, the company's assets – UAH 60,408.2 thousand, equity – UAH 47,113.4 thousand. The actual solvency margin is UAH 46,639.8 thousand and exceeds the normative by 4.23 times, which allows the Company to fulfill all its obligations to customers on time and in full.

Prestige Insurance Company was established in 2012, the shareholders of the company are individuals-citizens of Ukraine, has 14 licenses for voluntary and 11 licenses for compulsory types of insurance, and offers clients a wide range of insurance services.

 

Currently, the regional network of Prestige Insurance Company consists of one directorate (in Zakarpattia region), five points of sale (in the cities of Bershad, Boyarka, Lutsk, Tyachiv and Kherson) and about 55 sales agents located in regional centers of Ukraine, providing a full range of insurance services to legal entities and individuals.

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