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ETI results in 2019 - more than 114 million UAH insurance payments

For the insurance company ETI, 2019 was eventful. In the summer of 2019, the National Commission implementing state regulation in the field of financial services markets, by Decree No. 1329 dated 07/11/2019, recognized PJSC Insurance Company “Euroins Ukraine” and PJSC “European Travel Insurance” as a non-banking financial group “Euroins Insurance Group”. And sice October 1, 2019, in connection with the change of shareholders, and also due to the fact that the ERV brand ceases to exist in the global insurance market, the company, retaining its name “European Travel Insurance” has begun to use the new trademark.

Despite the changes and innovations that affected the company in one way or another in 2019, the ETI, without a moment's slowdown in growth, showed deserving results in the last year.

And if in 2018 the ETI insured more than 1 million tourists for the first time, in 2019 it was able to improve this indicator by 45%, the company insured 1,804,054 tourists the last year. The sum of premiums collected for 2019 amounted to 318 852 thousand UAH, which is 36% more than the total amount of premiums collected in 2018.  In 2019 the net profit of the company after taxation under the IFRS amounted to 55 375 thousand UAH.

During the last year, the company registered 16,800 insurance events with tourists, which is 15% more compared to 2018, when 14,290 cases were registered. The total amount of insurance payments in 2019 is 114 655 132 UAH, while in 2018 it was paid 92 425 825 UAH, that is, the amount of payments for insurance events increased by almost 20%.

In total, 27 major insurance events worth more than 250 thousand UAH were recorded in 2019, and the total amount of payments on them is more than 17 million 176 thousand UAH.

According to the results of 2019, 389 thousand tourists insured their financial risks in connection with the cancellation or interruption of the trip. The total amount of payments due to the cancellation / interruption of the trip in 2019 is 15 million 673 thousand UAH. In total, 498 such payments were made by the company during the year.

In 2020, European Travel Insurance continues to work actively for Ukrainian tourists to help them avoid additional costs and financial losses in unforeseen situations before, during and after travel.

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