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"NOVA Insurance Co.": up to half year the volume of premiums is over UAH 35 million

29.08.2011

In the first half of 2011 the OJSC «NOVA Insurance Co. » gathered a premium income of UAH 35.1 million. The total amount of contracts concluded was 41 169 hundred. The most popular type of insurance in accounting period was motor insurance. Thus, the volume of collected premiums on CASCO programs exceeded UAH 14.3 million. Growth was recorded in property insurance (increased by 1.8 times) and mandatory kinds of insurance (increased by 1.15 times).

The insurance portfolio of «NOVA» at July 01, 2011 is represented in such way: 42% is motor insurance, 19% - personal kinds of insurance (including voluntary medical insurance), 12.8% - property insurance, 24.5% - mandatory kinds of insurance, 1.7% - other kinds of insurance.

In this concerned period company paid UAH 13.3 million. The biggest payments have been made in motor insurance. Thus, on CASCO risks there were 1182 insurance events have been compensated including 12 on which the decision on the recognition of vehicle's total loss have been made.

In general, the structure of payment portfolio is: on motor insurance - 48.2%, on mandatory insurance - 34.6%, on personal insurance - 17.2%.

The company's assets at July 01, 2011 were UAH 82 490.40 thousands, insurance reserves - UAH 43 257.10 thousand. Authorized capital stock was UAH 30 000.00 thousand.

            In the first half of 2011»NOVA» according to its development strategy expanded regional presence by opening sales centers in Poltava and Mirgorod. Presently "NOVA" insurance policies can be purchased in 8 regions of Ukraine (Kiev region, Lvov, Dnepropetrovsk, Donetsk, Zaporozhye, Poltava, Kherson, Volyn regions) and also in  Crimea (Simferopol city).

            «NOVA Insurance Co. » has successfully updated the action of obligatory reinsurance program of property risks for 2011-2012 increased to 1.5 times its capacity - up to UAH 80 million. The program effectively covers a wide range of risks of property insurance: engineering, construction risks, the responsibility for carrying out construction works, as well as equipment failure, business interruption. An additional option is the  cargo insurance.

In order to increase clients' loyalty company implemented a discount program «NOVA Friends Club», members of program can get discounted services of its partners: service and repair stations, motor shops, carwash stations, tourist agencies, medical clinics, pharmacies, etc. A series of joint actions have been held with partners: «Clear car», «Buy a policy - get a car», «Make a subscription on «Autocenter» magazine and get a chance to take a CASCO policy from «NOVA». Developing and implementing various forms of marketing communications company is guided by basic principles of its activity: focusing on strategic goals, direction for the future, economic efficiency.


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Contacts:

11, M. Raskovoy Str., Kyiv, Ukraine, 02660

Working schedule: Monday - Friday from 9.00 a.m. till 6.00 p.m.

Tel./fax: (044) 496-80-80 ,   E-mail: centre@nova-ua.com