The Ukrainian insurance market amounted to UAH 17.60 billion (EUR 571.84 million), at the end of 1H2022, which is almost 31% less y-o-y in local currency. The decline was recorded in both life and non-life insurance. At the same time, the decline was in all classes, except for MTPL and Green Card segment, as data from the National Bank of Ukraine show.

Insurers' paid claims also decreased - by 32.26% to UAH 5.88 billion. As for paid claims, there was a decrease in all classes without exception. They decreased most noticeably in cargo insurance and insurance of property risks.

Among insurers in the overall ranking in terms of premiums, USG is the leader (UAH 1.32 billion), occupying about 8% of the market, followed by UNIQA (UAH 1.25 billion) and ARX (UAH 1.19 billion).

Access xprimm.com and download the latest Ukrainian insurance market statistics for 1H2022 in EUR and UAH.