IC “NOVA”: positive dynamics of development

At the end of the 1st half of 2015 the volume of collected IC “NOVA” insurance premiums amounted to 26 661.5 thousand. UAH., of which 55% on contracts with individuals.

31199 Total signed insurance contracts. The increase in the amount of insurance premiums compared to the same period last year was 12%. The most active customers to purchase car insurance policies (civil liability of owners of vehicles to third parties and on the risks CASCO). Second place in the portfolio of the insurance companies are entering personal insurance (voluntary medical and travel insurance).

During the reporting period, the company paid more than 9 371.5 thousand. UAH., 56% more than in the 1st half of 2014. In general, the structure of the portfolio company following benefits: 67% paid for motor risks (MTPL and CASCO), 30% – personal insurance, 2.9% – in liability insurance.

Victoria Voloshin, Chairman of the Board of IC “NOVA”, said: “In May, we celebrated the 10th anniversary of the brand’s” NOVA “. Our company operates in the insurance market of Ukraine since 2000. The basis of the business in the initial period were service companies energy industry, which is reflected in the same name – “Fuel and Energy Insurance Company.” In 2004, he expanded the shareholders and has been revised strategy – market development. The priority types of insurance have become property, automotive and medical. Therefore, it was rebranded in 2005. Work has now become more difficult, the population decreased financial capabilities. However, I would not complain only to the crisis. We must get used to the idea that we have a crisis and will, and think what to do and how to work effectively with the situation. Then when lifting the economy of the company’s results will be higher. You can be afraid of the crisis, and it is possible to look for new opportunities that we do. ”

Assets of the company on 01.07.2015, amounted to 78 779 thousand. UAH., Insurance reserves – 39 856 thousand. UAH.