strakhova kompaniya ukrainska strakhova grupa, pryvatne at

What strakhova kompaniya ukrainska strakhova grupa, pryvatne at does

PAT SK USG ("Ukrainian Insurance Group") is a private joint-stock insurance company headquartered in Kyiv, Ukraine, founded in 2000 (as SK Napars) and operating as a full member of Vienna Insurance Group (VIG) since 2008. The company offers a full-spectrum non-life insurance portfolio to both individual and corporate customers, including vehicle insurance (CASCO, mandatory third-party liability/MTPL, and Green Card international coverage), property insurance (residential, mortgage-collateral, owner liability, and the inspection-free "Miskyi ekspres" express program), personal accident insurance, weapon liability insurance, travel insurance, and B2B lines covering transport, real estate, personnel, and liability.

The underlying technology is a digital insurance platform built around fully online policy purchase, electronic document management with qualified electronic signatures and seals (KEP regulation approved 12 January 2026), online claim status checking, and a branded mobile application ("My USG") on iOS and Android, supported by a Portmone payment integration. The company distributes through this digital layer alongside a physical network of more than 80 branches and sales departments across Ukraine, plus contact-center and dedicated B2B sales channels. Capital and risk capacity are reinforced by a core reinsurance partnership with VIG Re (S&P A+), enabling large single-object coverage limits (property up to UAH 1.45 billion, liability up to EUR 8 million, CASCO up to UAH 17 million per vehicle).

USG's revenue model is subscription/recurring insurance premiums collected across these product lines, with economics driven by the spread between premiums and claims paid. The company has over 40% market share in Ukraine's Green Card segment, sits in the top 10 of Ukrainian insurers by key financial indicators, employs approximately 450 people, and runs operations under wartime restrictions with remote work options across multiple offices.

Name

strakhova kompaniya ukrainska strakhova grupa, pryvatne at

Legal name

Pryvatne aktsionerne tovarystvo "Strakhova kompaniya "USG" (Private Joint-Stock Company "Insurance Company "USG")

Website

https://ukringroup.ua

Company type

Private

Founded year

2000

Operating status

Operating

Short description

PAT SK USG is a Kyiv-based private joint-stock insurer and full member of Vienna Insurance Group, offering auto, property, accident, travel, weapon liability, and B2B insurance products to individuals and businesses across Ukraine through an 80+ branch network and digital channels.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Package / Business Owners Policies (BOP) (FSAJAMAG)

akta.pro secondary industry

Motor / Auto Reinsurance (FSAOABAF)

Keywords

• Property and casualty insurance
• Motor insurance
• Travel insurance
• Liability insurance
• Personal accident insurance

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices20 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property and Casualty Insurance Premiums: The company collects insurance premiums from individuals and businesses in exchange for coverage across auto, property, liability, accident, travel, and weapon insurance lines. Premiums are collected at policy purchase, with revenue recognized over the coverage period.
2. Insurance Processing and Claims Management: USG handles insurance claim assessment and settlement across all product lines including auto (CASCO, Green Card, MTPL), property, accident, and travel insurance, generating income from the spread between premiums collected and claims paid.
3. Reinsurance Ceded Premiums: USG cedes portions of its insurance portfolio to VIG Re and other international reinsurers, earning reinsurance commissions while reducing net risk exposure.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

PAT SK USG is a Ukrainian insurance company (part of Vienna Insurance Group) that underwrites and distributes property, casualty, motor, travel, personal accident, weapon liability, and business insurance products to both individuals and corporate clients. Policies are sold through online channels (website, mobile app) and a nationwide network of 80+ branches, with claims handled in-house and supported by VIG Re reinsurance.

Product overview

USG (Ukrainian Insurance Group) is a private joint-stock insurance company operating as part of Vienna Insurance Group. The company offers a comprehensive portfolio of insurance products organized into two main segments: individual (retail) and business (corporate) customers. The retail segment includes vehicle insurance (КАСКО, Автоцивілка, Зелена картка), property insurance (including the express Міський експрес program, mortgage property, and owner liability), accident insurance (personal and transport), weapon insurance, and travel insurance. The business segment provides transport, real estate, personnel, and liability insurance solutions. Products are available through online channels (website, mobile app), an offline branch network of over 80 divisions across Ukraine, and agents.

Differentiator

Problem solved

Functional benefit

Brands

• Miskyi ekspres (Міський експрес): Express property insurance program for apartments and residential or dacha buildings that does not require property inspection.

Products and services

• CASCO (Voluntary Motor Hull Insurance) Voluntary vehicle insurance covering damage, theft, or loss of the insured vehicle due to accidents, natural disasters, or other insured events. Available for vehicles up to 13 years old. Sold to vehicle owners in Ukraine via web, mobile app, and branch network.
• MTPL / Autotsivilka (Mandatory Third-Party Liability) Mandatory third-party liability insurance for vehicle owners. Coverage: up to UAH 500,000 per victim for health damage and up to UAH 1,250,000 for property damage. Required for all vehicle owners in Ukraine.
• Green Card (International Motor Insurance) International civil liability insurance for vehicles traveling abroad, valid in 44 countries. Coverage: up to EUR 5.6 million per victim for health damage, up to EUR 1.2 million for property damage; valid 15 days to 12 months; no deductible.
• Property Insurance (Realty Basic) Property insurance for residential apartments, houses, dachas, garages, and summer kitchens against fire, explosions, natural disasters, water damage, theft, and glass breakage. Sold to individual property owners in Ukraine.
• Mortgage Property Insurance (Ipotechna) Insurance for property serving as collateral for mortgages, pledges, or rentals. Covers walls, renovations, movable property, and neighbor liability. Property age must not exceed 20 years.
• Property Owner Liability Insurance Liability insurance for residential property owners covering compensation to neighbors for damage caused by fire, gas explosions, or utility system failures.
• City Express Property Insurance (Miskyi ekspres) Express property insurance program for apartments and houses without property inspection. Six packages: AutoEconom (from UAH 770/yr, total UAH 200k), Standard (UAH 1,260/yr, UAH 310k), Elite (UAH 1,499/yr, UAH 400k), VIP (UAH 1,999/yr, UAH 550k), VIP+ (UAH 4,300/yr, UAH 1.75M), Premium (UAH 5,610/yr, UAH 2.37M). Covers building, interior, movable property, neighbor liability.
• Personal Accident Insurance (Basic) Personal accident insurance compensating medical expenses and treatment costs for injuries resulting from accidents. Coverage from UAH 1,000 to UAH 30,000. Available to adults, children, and professional athletes.
• Personal Accident Insurance for Transport (Drivers and Passengers) Accident insurance for drivers and passengers covering temporary or permanent disability due to road accidents. Per-seat or lump-sum system. Driver coverage UAH 10,000-150,000; passenger up to UAH 200,000.
• Weapon Liability and Accident Insurance Insurance covering weapon owner liability and accidents. Three packages: Standard (UAH 300 / 3 years, coverage up to UAH 82k), Optimum (UAH 600 / 3 years, UAH 290k with accident benefits), Premium (UAH 1,200 / 3 years, UAH 580k with full accident and additional expense coverage). Required for weapon registration/renewal in Ukraine.
• Travel Insurance (Abroad) Travel insurance for outbound trips covering medical expenses (up to EUR/USD 75k), accident insurance, and baggage coverage (up to EUR/USD 1,500). Policy term up to 30 days, 24/7 support.
• Business Transport Insurance Comprehensive business transport insurance including CASCO, civil liability, accident coverage for drivers and passengers, railway, water, and aviation transport, plus cargo insurance. Sold to corporate clients in Ukraine.
• Business Property (Realty) Insurance Business property insurance covering any type of property, civil liability of property owners, and construction and assembly risks. Sold to corporate clients.
• Business Personnel Insurance Insurance for business personnel including accident insurance, medical insurance, and travel insurance for employees traveling abroad. Sold to corporate clients.
• Business Liability Insurance Business liability coverage including professional liability (notary, broker), product quality liability, property owner liability, airport liability, carrier/forwarder liability, warehouse operator liability, and dangerous goods carrier liability. Sold to corporate clients.
• Online Personal Cabinet (Osobystyi kabinet) Online customer portal (web and mobile app) for policy management, viewing insurance status, accessing insurance case information, and contacting support. Operates as a self-service customer account portal.

Quantifiable outcome

• Over 40% of all Ukrainian Green Card policies are issued by USG, indicating dominant market position in this product category.
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core, flagship and minor.

• VIG RecoreTechnology or IntegrationVIG Re is the reinsurance company of Vienna Insurance Group, headquartered in the Czech Republic with a financial stability rating of A+ from Standard & Poor's. VIG Re serves as USG's primary reinsurance partner, providing coverage for the company's major insurance classes including property, motor, cargo, liability, and accident insurance. Reinsurance agreements with VIG Re enable USG to underwrite large single-object risks (up to UAH 1.45 billion for property, up to EUR 8 million for liability).
• Vienna Insurance Group (VIG)flagshipStrategic or Co-development PartnerUSG became a full member of Vienna Insurance Group in 2008. VIG is the #1 insurance group in Austria and Central & Eastern Europe, operating approximately 50 companies in 30 countries with over 25,000 employees and 22+ million customers. VIG's A+ S&P rating and global reinsurance standards underpin USG's financial stability and operational practices.
• Motor (Transport) Insurance Bureau of Ukraine (MTSBU)coreChannel Partner/ Reseller/ DistributorUSG is a full member of the Motor (Transport) Insurance Bureau of Ukraine, which is the professional association that manages the Green Card international insurance system and MTPL insurance in Ukraine. Membership enables USG to issue mandatory auto insurance policies (MTPL/auto civil liability) and Green Card certificates.
• National Bank of Ukraine (NBU) and European Bank for Reconstruction and Development (EBRD)minorStrategic or Co-development PartnerUSG signed the Charter on Financial Inclusion and Reintegration of Veterans, initiated by the NBU and EBRD within a joint Memorandum of Understanding, demonstrating the company's commitment to social responsibility and financial sector development in Ukraine.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ARX (formerly AXA Insurance Ukraine): One of the largest multi-line P&C insurers in Ukraine, offering auto, property, accident, and travel insurance. Direct competitor to USG in retail and corporate insurance segments with similar distribution footprint.
• INGO Ukraine: Major Ukrainian insurance group offering comprehensive P&C, life, and corporate insurance products. Competes directly with USG across auto, property, travel, and corporate lines in Ukraine.
• UNIQA Ukraine: Ukrainian arm of Austrian insurer UNIQA, offering P&C and life insurance products. Direct competitor to USG, particularly in retail auto and property insurance; also backed by an Austrian parent in the regional CEE market.
• TAS Insurance Group: Large Ukrainian insurance group offering auto, property, travel, and corporate insurance. Competes directly with USG in the domestic P&C market with a comparable product portfolio.
• Alfa Insurance Ukraine (Alfa Strakhuvannya): Ukrainian insurer providing KASKO, MTPL, Green Card, property, and travel insurance. Direct competitor in the same retail and corporate P&C segments as USG.

Broad incumbents

• Vienna Insurance Group (VIG): Parent company of USG and one of the largest insurance groups in Central and Eastern Europe with A+ S&P rating, 22M+ customers, and 50+ companies in 30 countries. Indirectly comparable as the broader platform shaping USG's capabilities and constraints.
• Allianz Ukraine: Ukrainian arm of global insurer Allianz, providing P&C and life coverage. Comparable as a global insurance group operating in Ukraine with overlapping product offerings including auto and property.
• Generali Ukraine: Ukrainian operations of Generali Group, a major European insurer. Offers P&C and personal insurance products comparable to USG's portfolio, with broader international backing.

Regional players

• PZU Ukraine: Ukrainian subsidiary of PZU, Poland's largest insurance group. Offers P&C and life insurance products and competes with USG in the Ukrainian market, leveraging Central European insurance expertise.
• Knauf Insurance (Kniazha-VIG): Another Ukrainian insurer operating under VIG, providing P&C and corporate insurance. Sibling company under the same VIG umbrella, providing direct comparison of regional VIG strategy in Ukraine.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/USGinsurance
• Instagraminstagram.com/usginsurance

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 strakhova kompaniya ukrainska strakhova grupa, pryvatne at