In 3Q2015, the Kyiv-based insurer GLOBUS VIG reported GWP of UAH 129.6 million (about EUR 5.3 million) up by 50% y-o-y. At the same time, the value of paid claims totaled UAH 34.4 million, while the net profit was UAH 3.7 million.
GLOBUS was founded in 1994 and is one of the leading financial institutions of Ukraine. The insurer became a part of Austrian Vienna Insurance Group in 2006.
Vienna Insurance Group operates through four insurance companies in the Ukraine, the three non-life insurers UIG, KNIAZHA and GLOBUS and the life insurance company JUPITER.
In the first three quarters of 2015, the aggregate GWP volume of the four mentioned insurers increased by about 32% y-o-y (in Ukrainian currency), while the profit before taxes increased significantly by 52.5% to EUR 4.5 million.
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