Gross written premiums volume reported by the Ukrainian insurers in 1H2014 amounted to UAH 13.6 billion, 4.8% less y-o-y. Due to the 54.5 % depreciation of the local currency, Hryvnia, in relation with Euro, the figures denominated in European currency show a lower rate by 38.41%, to EUR 845.39 million.

Life insurance takes only 7.4% share of the market portfolio, with a GWP volume of UAH 1 billion (EUR 62.25 million), while the paid claims went up by 36.5%, to UAH 80 million (EUR ~5 million).

The non-life insurance sector remains the main line of business, representing 92.6% of the market. The paid claims volume increased by about 12%, to UAH 12.6 billion (EUR 783 million).

Access www.xprimm.com and download the 1H2014 Ukraine insurance market statistics.

Market portfolio (in EUR and UAH):

• GWP
• Claims
• Growth rates
• Life and Non-Life market rankings
• Market shares