UNIVERSALNA Insurance Company celebrates its 30th anniversary

This incredible journey in 30 years began when Ukraine was just emerging as a sovereign state. It was during this period that Ukraine began to decide on the organization of insurance activities on its own.

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At the end of February, UNIVERSALNA celebrated its thirtieth anniversary. This incredible journey in 30 years began when Ukraine was just emerging as a sovereign state. It was during this period that Ukraine began to decide on the organization of insurance activities on its own.

Then, back in 1991, the first UKRAINIAN PRIVATE INSURANCE COMPANY «TEREN» was established, which became one of the main in the united insurance group called UNIVERSALNA.

«During this time, the company has experienced a lot, but the main priority has always been the well-being of our customers. After all, they are our main value, - says Oleksiy Muzychko, Chairman of the Board of the insurance company UNIVERSALNA. - I am sure that 30 years is just the beginning of history. New peaks and achievements await us. It can't be otherwise, because UNIVERSALNA has a team of real professionals, with whom I feel confident in the future. Currently, the company is consistently in the TOP 10 best market insurers in Ukraine».

In 2019, UNIVERSALNA became part of the Canadian financial holding Fairfax Financial Holdings Limited (Canada, Toronto), which strengthened its position for further development. One of the main priorities of the company is to work in the segment of small and medium business, and the company pays special attention to the development of new InsurTech-projects for the insurance market.

Last year, the company launched a completely unique insurance application «UNIVERSALNA BY KASKO2GO», which takes the CASCO insurance service to a whole new level of personalization. This InsurTech project uses Swiss technology and Big Data to analyze trends in accident-free driving behavior. Based on analytical data, users of the mobile application receive monthly discounts of up to 50% on full CASCO insurance. The benefit to the customer is obvious - attentive drivers pay less for insurance.

«In the near future we will develop this product, and further - we will transfer the most successful developments to other offers of our company.», — says Ruslana Palaida, Deputy Chairman of the Board of UNIVERSALNA Insurance Company.

UNIVERSALNA receives annual financial soundness ratings and undergoes international audits at Ernst & Young, Deloitte and PricewaterhouseCoopers. Currently, the company has a rating of uaAA +, which indicates the highest level of financial stability.

Publication date: 02.03.2021

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