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For 9 months Life Insurance Company «Universalna» had UAH 6, 553 mln. in GWP

Financial indicators

For 9 months 2009 PJSC «Life Insurance Company «Universalna» had UAH 6 553 thous. in GWP, which is by 108% more, comparing to 9M08 — UAH 3 140 thous.

Thus, the Company’s GWP have doubled as compared to 9M 2008.

Gross claims paid for 9M09 accounted for UAH 429 thous., including the endowment insurance — UAH 337 thous.

The number of concluded contracts for 9 months 2009 totaled to 4 959, which is by 201% more comparing to 1 646 for 9 months 2008.

The volume of insurance reserves as of October 1, 2009 accounted for UAH 12 899 thous., which is by 11% more y-o-y.

Distribution channels

The biggest amount of GWP for 9M09 the company generated through the brokers channel — 46%, own network — 33%, banking channel — 14%, companies — 7%.

Life Insurance Company «Universalna» plans to actively cooperate with brokers, banks and credit unions in the future.

Network development

As of October 1, 2009 the network of PJSC «Life Insurance Company «Universalna» accounts for 23 regional directions and agencies.

The company’s strategy by 2009YE is aimed at further branch network development. Enhancement of the company’s position in regions and improvement of the quality provided to clients.

The main lines of the company’s development today are the consultancy network development, sale of individual insurance products and the group insurance.

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