During the first 3 months of 2008 VAB Insurance received 2.1 times more insurance premium and paid 3.3 times more insurance compensations than within the similar period in 2007.
The insurance payments over the Q1st amounted up to UAH 14915.4 million and insurance compensations – up to UAH 6260.6 thou. More than 90% of the total regulation cost amount (UAH 5687.1 thou.) are insurance compensations for vehicle accidents.
“Today we see the insurance knowledge to be developed. First of all, the insurance company’s reputation depends on the quick and qualified client service. That is why, the main task of VAB Insurance is to rise the service quality and responsibility. From the beginning of the year, our company succeeded to improve significantly loss settlement and reduce the time of insurance cases examination to the market minimum” – commented VAB Insurance Chairmen of the Board Alexandr Melnik.
Reference dataVAB Insurance was established in March, 2002. Since October, 2006 it is a part of universal financial group VAB Group. The company has 23 licences on realization of 7 obligatory and 16 voluntarily insurance types. The company network is counted by a 35 regional subdividing into territories of Ukraine and 150 points of sales. As of January 1st, 2008, the company’s insurance reserves was UAH 22 212,6 thou., assets – UAH 97 773,3 thou., capital – UAH 65,5 thou.
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