Allianz Ukraine Draws up Results on Voluntary Liability Insurance
OREANDA-NEWS. June 8, 2012. Compared to the same period last year, total premiums collected on liability insurance in January-March 2012 grew 61% and amounted to UAH 3,722,788. It's 8.2% within the portfolio structure.
For the first quarter Allianz Ukraine Ins.Co. concluded 90 liability insurance agreements with an average premium of UAH 41,364, of which 66.7% accounted for three most popular products: third party liability insurance (28 agreements), package product/service insurance and third party insurance (19) and house or apartment operation liability insurance under the Megapolis Household Insurance Program (13).
The agreement with the biggest amount insured was concluded on liability insurance in the field of energy with the limit of liability of UAH 1,278,368,000.
'Insurance liability at the time of residential property operation protects policy owner from unexpected costs in different situations. If the owner is guilty of flood, fire or other accident affecting the neighborhood and its property, the insurance company will indemnify loss instead of the owner. Most often it not only helps save the family budget of the insured, but also good relationship with your neighbors' – commented Aleksandr Yaremenko, Head of Transport Risk Underwriting, Allianz