OREANDA-NEWS. January 11, 2012. Since 2008, the major part of the company's insurance portfolio accounts for property insurance. As of the beginning of December 2011, its share was equal to 42%. Compared to the same period of 2010, gross written premiums collected on this type of insurance, grew by 39.8% from UAH 39,357,000 to UAH 55,021,000.

From January to November 2011, the company made a total of 891 insurance agreements, of which 80 with the insured amount of over UAH 100m each.

In total structure, the biggest amount of agreements (66%) was made on voluntary insurance of property and risks related to business interruption. The sum of premiums collected in this product reached UAH 38,052,000. The TOP 3 list also includes voluntary insurance of construction and assembly works at the time of their performance (UAH 3,453,000) and construction machinery insurance (UAH 2,223,000). UAH 11,293,000 or 20.5% of the company's property insurance portfolio account for the remaining property insurance products (including home insurance, mortgaged property insurance, land insurance etc).

"In our day to reach long-term profitable growth, we shifted the focus in the company development towards property insurance. For it is a known fact that insurer's solvency and reliability is provided primarily by property types rather than by fast-growing CMTPL or MOD insurance, – said Diana Kochenkova, Market Management Department Director at Allianz Ukraine. – In 2008, there was virtually no company in the market, in whose portfolio property insurance prevailed. There are still few. Our portfolio with a property share of over 40% is one of the most stable in the market. The selected strategy provides us a place among market leaders by this type of insurance. In the relevant rating provided by Insurance Top, based on the results of 9 months of 2011, the company is No.10. Although gross premiums on property insurance in the market for the first 3 quarters of the current year declined 15.4%, our collections are growing. That means that customers are sure that Allianz Ukraine Ins.Co. is the partner, who can provide them with reliable insurance coverage".