UKRAINE: insurance of individuals in 3Q2018 increased by more than 20% y-o-y

25 January 2019 — Marina MAGNAVAL
Personal insurance lines in Ukraine are showing a rapid growth. In 3Q2018 GWP from individuals amounted to UAH 13.39 billion (+20.5% y-o-y), as Forinsurer wrote.

GWP of risk insurance amounted to UAH 10.74 billion (+17.1% y-o-y), and GWP of life insurance of individuals reached UAH 2.65 billion (+36.8% y-o-y). In particular, MTPL GWP from individuals increased by 21.8%, in Motor Hull - by 23.1%, in voluntary medical insurance - by 15.6%, and in insurance against accidents - by 37%.

Paid claims to individuals amounted to UAH 4.34 billion (49.6% of the market total paid claims) and went up by 20.2% y-o-y. The share of paid claims in GWP of individuals amounted to 32.4%. The major part of claims was paid in Moto rHull (29.5%) and MTPL (28.8%).

*EUR 1 = UAH 33.1287 (30.09.2018)

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