OREANDA-NEWS  On 13 November was announced, that Allianz Ukraine Ins.Co. summarized results of its operation within 9 months 2008.

As at October 01, 2008, the Company collected insurance premiums in the amount of UAH 136,261.90 thousand. Thus, the rate of growth of this indicator compared to the results for the analogous period in 2007 was 171.4%. In total scope of premiums, 54.5% are premiums under motor insurance agreements (motor hull insurance), 23.0% are premiums under property insurance agreements, and 15.1% are premiums under personal insurance agreements (excluding life insurance). 7.4% are premiums collected under other types of insurance agreements.

The Company’s insurance reserves according as at the reporting date was UAH 97.164.90 thousand, which demonstrates growth of reserves of Allianz Ukraine Ins.Co. by 38.7% compared to data for the 9 months 2007.

For the 9 months 2008, Allianz Ukraine Ins.Co. paid out UAH 84,456.00 thousand. Compared to the results for the analogous period in 2007, this indicator increased 2.3-fold. In the general structure, the share of indemnities under motor insurance agreements is 69.3%, under property insurance agreements – 3.4%, and 15.9% are under personal insurance agreements (excluding life insurance).

At the same time, the authorized capital of Allianz Ukraine Ins.Co. compared to the indicator as at October 01, 2007 increased by 172.2% and was UAH 165,621.50 thousand.

“One of the main tasks determined for our Company for the year 2008 is formation of a balanced risk portfolio. 9-month results show that we are coping with this task. Allianz Ukraine keeps a check on the company’s stability along with rapid growth of insurance agreements. We are planning not to rest on our laurels, but to continue our development in the same direction”, - Joachim Wessling, Director General of Allianz Ukraine Ins.Co., commented on results of the 3 quarters 2008.