Colonnade

What Colonnade does

Colonnade is a non-life insurance company operating in Ukraine and seven other Central and Eastern European jurisdictions (Czech Republic, Slovakia, Hungary, Poland, Romania, Bulgaria, and the Luxembourg holding company seat). The Ukrainian operating entity — ПрАТ "СК "Колоннейд Україна" (PrAT "Insurance Company "Colonnade Ukraine") — sells a diversified portfolio including auto insurance (КАСКО in three packages plus a VIP tier, mandatory MTPL "Автоцивілка", and enhanced "СуперЦивілка" liability), housing and property coverage, voluntary medical insurance, personal accident, directors and officers liability, professional indemnity, cargo, and machinery breakdown policies for both individual and commercial clients. Colonnade Insurance S.A., the Luxembourg-domiciled risk carrier wholly owned by Canadian-listed Fairfax Financial Holdings Limited (TSX: FFH), holds licenses for 17 of 18 statutory risk classes and operates under Freedom of Services across all EU countries. Group headcount exceeds 450 employees and consolidated insurance premium volume exceeds EUR 160 million; the parent Fairfax group reports USD 14.4B of gross premiums and USD 27.8B of total investments across 20+ insurance/reinsurance subsidiaries.

Distribution is executed through a digital-first self-serve model. Customers purchase policies via my.colonnade.com.ua, native iOS and Android applications, and online partner platforms (including a Spokk pet-insurance integration). The platform integrates Ukraine's Open Data registry for automated customer and vehicle data retrieval, BankID for authentication, and qualified electronic signatures — enabling policy issuance in roughly two minutes without physical documentation. Issued policies can be stored in Apple Wallet and Android Wallet. Reinsurance is provided by Munich Re, Swiss Re, and Scor (each AA-rated by S&P), and an AAA financial stability rating in Ukraine, uaAA+ credit rating from a domestic agency, and A.M. Best A- (Excellent) at the parent level underpin claims-paying ability, with average claim settlement of 3–5 business days and a denial rate below 1%.

Revenue is generated through recurring insurance premiums across both personal and commercial lines. Pricing is tiered and disclosed: КАСКО Economy from UAH 1,604/quarter, Full from UAH 2,406/quarter, Premium from UAH 3,008/quarter; MTPL from UAH 840/year; housing from UAH 240; and IT professional liability from UAH 7,138. Two primary customer segments — individual retail consumers and business/commercial accounts — are served via a hybrid segmentation approach, with a deliberate focus on digital-native channels rather than broker distribution or physical branches.

Name

Colonnade

Legal name

ПрАТ "Страхова компанія "Колоннейд Україна" (PrAT "Insurance Company "Colonnade Ukraine")

Website

https://colonnade.com.ua

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Colonnade is a non-life insurance company operating in Ukraine and seven CEE markets under Fairfax Financial Holdings, offering auto, property, health, and commercial coverage through a digital-first platform with BankID and Open Data integration and two-minute online policy issuance.

Ownership category

akta.pro rank

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel

Revenue model

1. Insurance Premiums: Collection of insurance premiums from policyholders across multiple insurance product lines including auto (KASKO, MTPL), property, health, and commercial insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Colonnade is a non-life insurance company operating in Ukraine as a wholly-owned subsidiary of Colonnade Insurance S.A. (Luxembourg), itself fully owned by Fairfax Financial Holdings. It sells a diversified portfolio of personal and commercial insurance products — including auto (KASKO and MTPL), property, health, personal accident, cargo, machinery breakdown, D&O, professional indemnity, and IT liability — through a fully digital, direct-to-consumer channel that allows policy purchase in approximately two minutes via BankID and electronic signature.

Product overview

Colonnade is a diversified insurance company offering a comprehensive portfolio of personal and commercial insurance products in Ukraine. The product portfolio includes: (1) Auto insurance products (КАСКО in three packages plus VIP, Автоцивілка mandatory MTPL, and СуперЦивілка enhanced MTPL); (2) Property insurance (Оселя for homes/apartments, business property coverage); (3) Health and personal insurance (ДМС corporate medical, personal accident, Оберігайко children's insurance); (4) Commercial/business insurance (D&O liability, professional indemnity, cargo, equipment breakdown, SME packages, IT liability). The company operates through its Ukrainian subsidiary ПрАТ 'СК Колоннейд Україна' and its Luxembourg parent Colonnade Insurance S.A., both under Fairfax Financial Holdings. Products are primarily distributed through the digital my.colonnade.com.ua portal enabling online purchases and management.

Differentiator

Problem solved

Functional benefit

Products and services

• КАСКО (CASCO) - Package 1 Економ Entry-level voluntary auto insurance covering road accidents (DTP), total destruction, and glass damage with two franchises (0.5% on damages, 5% on theft/total loss). Includes express payout up to 5,000 UAH.
• КАСКО (CASCO) - Package 2 Повне Comprehensive voluntary auto insurance covering all damages including theft and glass, with one 5% franchise on theft/total loss. Includes express payout up to 10,000 UAH.
• КАСКО (CASCO) - Package 3 Повне КАСКО+ Premium voluntary auto insurance with no franchises, instant payout up to 100,000 UAH, and coverage valid throughout the European Union.
• КАСКО VIP Premium auto insurance for high-value vehicles with customizable franchises (0-10%) and extended geographic coverage including CIS and EU territories. Custom pricing based on vehicle value; coverage limits from 250,000 to 3,000,000 UAH.
• Автоцивілка (MTPL) Mandatory third-party liability auto insurance covering property damage up to 130,000 UAH and life/health up to 260,000 UAH. Starting from 840 UAH annually.
• СуперЦивілка Enhanced mandatory MTPL with additional partial CASCO-type coverage. Provides up to 150,000 UAH for repairs from natural disasters, hydrostatic damage, and non-fault road accidents. Starting from 2,130 UAH annually.
• Оселя (Home Insurance) Property insurance for apartments and houses covering damage from various risks. Starting from 240 UAH annually.
• Страхування для IT (IT Liability) Professional liability insurance designed for IT companies and IT professionals. Starting from 7,138 UAH annually.
• Добровільне медичне страхування (ДМС) Voluntary corporate medical insurance covering healthcare expenses for employees of business clients.
• Страхування від нещасних випадків Personal accident insurance covering injuries and disability for individuals or employees.
• Страхування відповідальності директорів (D&O) Directors and officers liability insurance protecting company management against legal claims arising from their managerial decisions.
• Професійна відповідальність Professional indemnity insurance covering claims arising from professional services rendered by the insured.
• Страхування вантажів Cargo insurance covering goods during domestic and international transportation for business clients.
• Страхування обладнання від поломок Machinery breakdown insurance covering sudden equipment damage and consequential business interruption for corporate clients.
• Страхування малого та середнього бізнесу Tailored insurance packages for small and medium-sized enterprises covering property and operational risks.
• Оберігайко Children's insurance product providing protection and financial security for families. Priced at 490 UAH/month.

Quantifiable outcome

• Average claims settlement time of 3-5 business days
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Munich RecoreOthersInternational reinsurer with AA (S&P) rating - one of three leading reinsurers in Colonnade's reinsurance program ensuring financial stability
• Swiss RecoreOthersInternational reinsurer with AA (S&P) rating - one of three leading reinsurers in Colonnade's reinsurance program ensuring financial stability
• ScorcoreOthersInternational reinsurer with AA (S&P) rating - one of three leading reinsurers in Colonnade's reinsurance program ensuring financial stability
• Oakeshott British Insurance AgencyminorStrategic or Co-development PartnerDeveloped professional liability insurance program for designers and architects in partnership with Colonnade Ukraine
• Colonnade Insurance S.A.coreOthersLuxembourg-registered risk insurance company fully owned by Fairfax Financial Holdings, established for strategic expansion in Central and Eastern Europe. Holds licenses for 17 of 18 statutory risk classes and operates under Freedom of Services in all EU countries.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xt.me/ColonnadeUkraineSupport
• Facebookfacebook.com/ColonnadeUkraine
• LinkedInlinkedin.com/company/colonnade
• Instagraminstagram.com/colonnadeukraine

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Colonnade