Gross premiums written by Ukrainian insurers in 1H2013 amounted to UAH 14.3 billion (EUR 1.4 billion), 49.6% up as compared with 1H2012, according to the data provided by the Ukrainian League of Insurers data, presented on the occasion of the Yalta International Forum by Alexander FILONIUK, President LIOU. Out of this volume, 32.4% was written for individual clients and 67.6% for legal entities. Meanwhile, the claims paid in the same period decreased by about 15.9%, to UAH 2.3 billion (EUR 219 million).

The highest growth in GWP, of 65.1%, was recorded on the life insurance segment, while on the accident insurance line a 35.8% increase in underwritings was recorded. Last but not least, premiums written on voluntary health insurance rose by 19%.

Looking at the non-life portfolio, property insurance accounts for about 24.3% of the total GWP, with underwritings amounting to EUR 334 million, while motor insurance holds a 23% share, with GWP of EUR 318 million.

The foreign-owned insurance companies currently hold a 35% market share, while the total number of employees reached 49,000 persons, 2% up y-o-y, FILONIUC added.

The 13th International Yalta Finance Forum, which has become a tradition for leaders in insurance and reinsurance in Central and Eastern Europe, is held these days in Yalta, Ukraine. Media XPRIMM is supporting the event as Media Partner and is represented at the Forum by Adriana PANCIU, CEO and Oleg DORONCEANU, Director International Relations Department.

Access www.xprimm.com and download the 1H2013 Ukraine insurance market statistics (in EUR and UAH):

• Market indicators (GWP/Claims/Growth rates)
• Life and Non-Life market rankings (GWP/ Growth rates/Market shares)