In Ukraine from February to June this year local insurers have sold around 15.7 thousand of electronic MTPL policies, according to the data of the Motor Insurance Bureau of Ukraine.
Q1 2018 shows that 100 local insurers accumulate 98.3% of the total market GWP. Total number of Ukrainian insurance companies as of the end of the 1st quarter - 292, at that 32 of them are life insurers and 260 - risk insurers.
TAS insurance group, included in TOP-10 of Ukraine, for 5 months this year generated premiums in the amount of UAH 524.82 million, which is 36.9% more than for the same period last year, says the group's report.
In Q1 2018 Ukrainian insurers with foreign capital generated GWP in the amount of UAH 6,783 billion (+35%), according to the member of the National Financial Services Committee Aleksandr ZALETOV.
National Financial Services Committee revoked all insurance licenses of insurer DOMINANTA, member of the committee Denis YASTREB said.
National Financial Services Committee of Ukraine in Q1 received 1,955 complaints from citizens (378 more than in the previous quarter). At that 77.7% of complaints were about insurance legislation non-compliance, as informed by the insurance news portal Forinsurer.
Bulgaria-based EUROINS Insurance Group (EIG) announced is acquiring ERV Ukraine, the travel insurance business of Germany-based ERGO, part of German global reinsurer MUNICH Re. "The two companies have signed purchase agreements. The deal is expected to be finalized after obtaining regulatory approvals".
Ukrainian insurance market in 2017 grew overall by 23.49%, while the non-life sector saw an above average performance, with GWP increasing by 25% in local currency, data published by the National Financial Services Commission of Ukraine show.
PZU Ukraine insurance company (Kyiv) in 2017 posted a net profit of UAH 24.701 million, which is 2.4 times less than in 2016, according to materials for the agenda of a general shareholders' meeting scheduled for April 26. Uncovered loss of the company for the year decreased by 14%, to UAH 215.220 million. Cash and cash equivalents increased by 3.8 times, to UAH 88.717 million.
The shareholders of PJSC European Insurance Alliance (Kyiv) at a meeting on April 24 will consider the issue of closing 11 regional units that are practically not functioning.
20 insurers were delisted from the national register of financial organizations of Ukraine in 2017 (14 - risk insurers and 6 - life insurers), as it appears from the report of the National financial services commission of Ukraine.
AXA Insurance in 2017 collected UAH 1.679 billion of insurance premiums, which is 20% more than a year earlier, while the company's net profit under international standards increased by 2.3 times, to UAH 57 million, according to a press release from the insurer.
European Travel Insurance (ERV, Kyiv) in 2017 increased the number of insured tourists by 31.27% compared to 2016, to 749,100 tourists traveling abroad and 86,600 tourists traveling in Ukraine.