Ukraine
UKRAINE: supervision and regulation of the insurance market to be transferred to the National Bank of Ukraine
On September 12, 2019 the Verkhovna Rada of Ukraine adopted a bill on "Amending certain legislative acts of Ukraine, concerning the consolidation of the state functions regulating the financial services market", which provides for separation of functions of the National Commission for the financial services market, Forinsurer reports.
18 September 2019UKRAINE: since February 2018 the number of MTPL e-policies exceeded 768 thousand
The total number of MTPL e-policies issued in Ukraine between February 7, 2018 (the date on the system introduction) and to September 1, 2019, reached 768.2 thousand, data of MTIBU (Motor (Transport) Insurance Bureau of Ukraine), quoted by Forinsurer, show.
5 September 2019UKRAINE: new development strategy for the financial market until 2025 under discussion
Regulators of the Ukrainian financial market are inviting financial market participants, experts and international partners to discuss a new development strategy until 2025, Forinsurer reports.
5 September 2019UKRAINE: MTIBU: in January-June 20 MTPL insurers got high rating
According to the quarterly assessment of the MTIBU (Motor Transport Insurance Bureau of Ukraine), in the first half of the current year, 20 MTPL insurers out of 48 bureau members received a high rating, as Forinsurer reports.
29 August 2019UKRAINE: from January-June, MTPL GWP increased by over 11% y-o-y
The total number of MTPL contracts grew by 3% and GWP by 11.2%, to UAH 2.4 billion (EUR 80.64 million) in the first half of the year, Forinsurer reports based on the MTIBU (Motor (Transport) Insurance Bureau of Ukraine) data.
22 August 2019UKRAINE: FUIB doubled sales of OSAGO insurance policies
20 August 2019UKRAINE: INGO UKRAINE SEES 35% RISE IN PREMIUMS
20 August 2019UKRAINE: net profit of ARX and ARX Life increased by 58% y-o-y in 1H
In the first half year of 2019, ARX and ARX Life (former AXA Insurance and AXA Life) recorded a total net profit of almost UAH 80 million (+58% y-o-y/~EUR 2.68 million), Forinsurer reports.
8 August 2019UKRAINE: from January to June GWP of ARSENAL Insurance increased by 15% y-o-y
For the first half of the year, GWP of ARSENAL Insurance increased by 15% y-o-y, Forinsurer reports. The key driver of the company's growth is motor insurance.
5 August 2019UKRAINE: January-May MTPL growth exceeded 12% y-o-y
From January to May 2019, Ukrainian insurers generated MTPL GWP 12.3% more y-o-y, and the total number of MTPL policies increased by 3.5%, Forinsurer reports with reference to data published by MTIBU (Motor Transport Insurance Bureau of Ukraine).
18 July 2019Ukrainian insurance market climbs in global rating
14 July 2019UKRAINE: GWP of TAS Group increased by almost 35% y-o-y from January to May
Tas Insurance Group, one of the TOP-5 insurers of Ukraine, generated GWP of UAH 707.45 million (~EUR 23.64 million) from January to May 2019, which is 34.8% more y-o-y, Forinsurer reports.
4 July 2019STATISTICS: UKRAINE, 1Q2019: the market grew by almost 15% y-o-y in local currency
In 1Q2019, total market GWP amounted to UAH 13.3 billion (EUR 436 million), which is 14.74% more y-o-y. Growth was recorded both in the non-life (+14%) and life (+23.6%) sectors, however, market shares remained almost unchanged, as data from the National Financial Services Commission show.
20 June 2019UKRAINE: at the end of April, MTPL increased by more than 13% y-o-y
GWP of MTPL insurers - members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 13.57% y-o-y at the end of April 2019, amounting to UAH 1.578 billion (~EUR 53.31 million), reported Forinsurer.
13 June 2019UKRAINE: 16 MTPL insurers got the highest evaluation rating in 1Q2019
The MTIBU (Motor Transport Insurance Bureau of Ukraine) has published the results of Bureau members' financial stability and claim settlement quality; out of 51 companies licensed for MTPL, 16 insurers got the highest evaluation rating in 1Q2019, Forinsurer reports.
6 June 2019UKRAINE: annual MTPL growth from Jan-March reached almost 19%
For the period from January to March, insurers who are members of MTIBU (Motor Transport Insurance Bureau of Ukraine) generated MTPL GWP of 18.82% more y-o-y. Total GWP amounted to UAH 1.08 billion (~EUR 35.34 million), Forinsurer informed.
16 May 2019NUMBER OF GREEN CARD INSURANCE CONTRACTS IN UKRAINE UP BY 48.9%
14 May 2019UKRAINE: InsuranceNEXT Conference - future insurance visualization to be held on June 13 in Kiev
The 3rd international conference InsuranceNEXT will be held on June 13, 2019 in Kiev and will be dedicated to the state of the country's insurance market -which is now at the formative stage for transformation into a new digital reality-, the impact of economic development and GDP on insurance penetration in risk management structure, the future of the insurance market and availability of insurance services for citizens and enterprises.
2 May 2019UKRAINE: net profit of AXA Insurance and AXA Life for the 1st quarter reached UAH 32 million
AXA Insurance and AXA Life, who are among the leaders of the Ukrainian market based on 2018 results, took in a net profit of UAH 32 million (~EUR 1.08 million) in the 1st quarter of 2019, based on IFRS, Forinsurer reports.
2 May 2019STATISTICS: UKRAINE, FY2018: Life insurance increased by 34% y-o-y
GWP of Ukrainian insurers in 2018 increased by 13.67% y-o-y, to UAH 49.36 billion (EUR 1.56 billion), as data published by the regulator show. The market growth in Euro was over 20% due to a more favorable exchange rate of the national currency at the end of 2018.
25 April 2019
