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STATISTICS: UKRAINE, 1H2021: insurers' business grew by almost 18% y-o-y
The insurance market in Ukraine in 1H2021 grew by 17.9% to UAH 24.8 billion (EUR 767.13 million). At the same time, net premiums increased by 25.6% to UAH 23.5 billion, according to the data published by the National Bank of Ukraine (NBU).
7 September 2021UKRAINE: in 2Q MTPL GWP grew by almost 15%, and paid claims - by 46% y-o-y
In 2Q2021, the number of MTPL contracts concluded reached 2.4 million units, which is 8.5% more y-o-y. GWP on them amounted to UAH 1.9 billion/EUR 58.74 million* (+14.9% in UAH). Paid claims amounted to UAH 862 million - the number of settled claims increased by 40%, and the volume of paid claims - by 46%, according to a press release from MTIBU.
1 September 2021UKRAINE: in 1H MTPL grew by 14% y-o-y, while Green Card increased by 38%
In January-June 2021, the Ukrainian MTPL market grew by 14% to UAH 3.3 billion/~EUR 0.1 billion*, Forinsurer reports with reference to the MTIBU (Motor (Transport) Insurance Bureau of Ukraine). GWP under electronic MTPL contracts increased by 56% to UAH 1.7 billion.
16 August 2021UKRAINE: in 1H GWP of ARX and ARX Life increased 26% y-o-y
According to the results of the first half of 2021, the non-life insurance company ARX is the leader in the Ukrainian market, with GWP over UAH 1.6 billion/~EUR 49.5 million* (26% more y-o-y in UAH).
16 August 2021UKRAINE: Agroinsurance with state support may start working in November-December 2021
Financing of the program of state support for agroinsurance, which means providing funds from the state budget to agricultural producers in the form of reimbursement of up to 60% of the cost of insurance policies, has been allocated at the level of UAH 240 million (~EUR 7.58 million), Forinshurer said.
13 August 2021UKRAINE: at the beginning of August, total number of insurers decreased by 4 to 177
As of July 31, 2021, 160 non-life insurers (vs 162 as of June 30) and 17 life insurers (vs 19) operate in the Ukrainian market, i.e. in a month, the number of insurance companies decreased by 4, Forinsurer reports.
13 August 2021UKRAINE: in 1H2021 GWP of TAS group increased by almost 26% y-o-y
For the first half of 2021, GWP of the TAS Group (included in the TOP-3 leaders in life and non-life insurance in Ukraine) amounted to UAH 1,152.65 million (EUR 35.63 million*), which is 25.7% more y-o-y, Forinshurer said.
3 August 2021UKRAINE: in 1H2021 MTIBU paid to victims of road accidents over UAH 141 million, which is 36% more y-o-y
Payments of MTIBU (Motor (Transport) Insurance Bureau of Ukraine) for January-June 2021 from the Victim Protection Fund of the Bureau amounted to UAH 141.7 million (~EUR 32.34 million*). Compared to the same period in 2020, the number of payments increased by 18.6%, while the amount increased by 36%, the Bureau reports.
27 July 2021UKRAINE: MTIBU approached NBU with a proposal to increase insurance amounts for MTPL
MTIBU (Motor (Transport) Insurance Bureau of Ukraine) appealed to the National Bank of Ukraine with a proposal to increase MTPL insured amounts (maximum payment): up to UAH 160 thousand for property damage of victims, and UAH 320 thousand for harm to life and health, as well as to increase the limit of payments under the European Accident Statement to UAH 80 thousand, MTIBU reported.
19 July 2021UKRAINE: in Jan-May, MTPL market went up by 14.6%, and the number of contracts increased by 9%
From January to May 2021, the MTPL market in Ukraine grew by 14.6% to UAH 2.7 billion (~EUR 80.57 million*), Forinshurer reports according to the Motor (Transport) Insurance Bureau of Ukraine. At that MTPL GWP under e-policies increased by 59% to UAH 1.4 billion.
15 July 2021STATISTICS: UKRAINE, 1Q2021: voluntary insurance saw practically no growth, while mandatory lines grew by almost 12% y-o-y
At the end of 1Q2021, the Ukrainian insurance market grew by 4.26% y-o-y (in local currency) and amounted to UAH 12.04 billion (EUR 367.95 million), according to the data published by the National Bank of Ukraine.
30 June 2021UKRAINE: GWP of TAS insurance group for January-May increased by more than 25% y-o-y
The TAS Insurance Group, one of the leaders in the Ukrainian insurance market, increased its GWP by 25.4% y-o-y in the first five months of 2021 to UAH 967.74 million (~EUR 28.87 million*), Forinshurer said.
22 June 2021UKRAINE: The new version of the Law "On Insurance" adopted in the first reading
The Verkhovaya Rada of Ukraine adopted in the first reading the Law of Ukraine "On Insurance" No. 5315, which contains norms on the activities of insurers, insurance contracts, intermediaries, and interaction with consumers of insurance services, Forinsurer wrote.
22 June 2021UKRAINE: the number of complaints against insurers received by MTIBU in the first quarter increased by 57% compared to the previous quarter
According to the MTIBU (Motor (Transport) Insurance Bureau of Ukraine), in the first quarter of 2021, the number of complaints against actions of insurance companies received by the Bureau was 570, which is 57% more than in the previous quarter.
9 June 2021UKRAINE: MTIBU: in the first quarter, the number of settled MTPL claims increased by 10% y-o-y, and the volume of paid clams - by 21%
MTPL insurers of Ukraine in the first quarter of 2021 settled over 40 thousand insurance claims. The number of MTPL contracts concluded during this period reached 1.9 million units, which is 7.7% more y-o-y, according to the MTIBU's press release (Motor (Transport) Insurance Bureau of Ukraine).
3 June 2021UKRAINE: MetLife paid claims in the first quarter grew by almost a third y-o-y
In 1Q2021, paid claims of the largest life insurer MetLife amounted to UAH 62.2 million (EUR 1.90 million*), which is almost a third more y-o-y. The largest share in the structure of the company's paid claims fell on survivor life insurance payments (32% of the total), Forinsurer reports.
31 May 2021UKRAINE: in Jan-March ARX recorded an increase by 10% y-o-y
ARX, the leader of the Ukrainian non-life insurance market in 2020, summed up the results of the first quarter of 2021 - GWP amounted to UAH 689.7 million (~EUR 21.13 million*), which is 10% more than in the same period in 2020, Forinsurer said.
26 May 2021STATISTICS: UKRAINE, FY2020: insurers earned a record profit of UAH 2.2 billion
The Ukrainian insurance market ended 2020 with a GWP drop by almost 15%, to UAH 45.18 billion (EUR 1.3 billion), primarily due to the exit from the market of several insurers and a decrease in risk insurance in the crisis second quarter.
20 May 2021UKRAINE: the law on improving legal regulation of agroinsurance adopted in the first reading
In Ukraine, the Verkhovna Rada adopted in the first reading draft of law No. 5104 "On amendments to the Tax Code of Ukraine and other Laws of Ukraine concerning improving legal regulation of insurance of agricultural products with state support", Forinsurer reported.
20 May 2021UKRAINE: in 2020 MetLife collected a record amount of GWP
In the life insurance market of Ukraine, MetLife was again the leader in 2020 in terms of key indicators and ended 2020 with a record GWP amount of UAH 1.555 billion (EUR 44.76 million*), which is 26% more y-o-y, Forinshurer informed.
11 May 2021
