Ukraine
"AXA Insurance" - the leader of the market of insurance of physical persons of Ukraine in 2018, according to the Insurance Top magazine
24 April 2019UKRAINE: S&P affirmed Ukraine at B-/B, outlook stable
On April 12, 2019 S&P Global Ratings affirmed a 'B-/B' long- and short-term foreign and local currency sovereign credit ratings for Ukraine, the outlook remains stable, stated the agency's report.
18 April 2019UKRAINE: MTPL GWP for Jan-Feb grew by 18% y-o-y
In 2019, between January and February, the total MTPL GWP of insurance companies, members of MTIBU (Motor Transport Insurance Bureau of Ukraine), increased by 18.12% y-o-y, reaching UAH 661.44 million (~EUR 21.57 million), Forinsurer reports.
17 April 2019UKRAINE: GWP of VUSO increased by 45% in 2018
GWP of VUSO insurance company increased by 45% to UAH 724.9 million, and paid claims rose by 24%, to UAH 197.44 million in 2018.
4 April 2019UKRAINE: MTIBU: 2018 was a record year in terms of MTPL paid claims
According to MTIBU (Motor Transport Insurance Bureau of Ukraine), in 2018, MTPL GWP increased by 20% to UAH 4.5 billion, and the number of contracts went up by 4.2% y-o-y.
4 April 2019UKRAINE: GWP of TAS went up by 38% y-o-y in January-February 2019
In January-February 2019, GWP of the TAS group increased by 38.2% y-o-y to UAH 262.87 million, as Forinsurer wrote.
28 March 2019"Ukrainian insurance group" almost doubles its authorized capital
27 March 2019UKRAINE: FITCH affirmed Ukraine at B- with stable outlook
In March 2019, FITCH Ratings affirmed Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a stable outlook, according to the agency's official report.
21 March 2019LITHUANIA: Ukrainian insurer GUARDIAN gets new shareholder from Lithuania
In March 2019, Ukrainian insurer GUARDIAN announced in a press release that Lithuania citizen, Arunas SIKSTA, was about to acquire the company as a new shareholder, the insurer said.
21 March 2019UKRAINE: in January, 2019 MTPL increased by more than 12% y-o-y
GWP of Ukrainian insurers (MTIBU members) in January this year went up by 12.3% to UAH 318.8 million (~EUR 10 million) y-o-y. However, total number of agreements in January decreased by 0.05%, as Foninsurer wrote.
7 March 2019Number of green card insurance contracts in Ukraine up by 13%
6 March 2019In 2 years, Ukrainians have spent on insurance over UAH 50 million
6 March 2019AXA has completed the sale of its Ukrainian units
The French insurer AXA Group announced it has successfully completed the deal with FAIRFAX Financial Holdings Limited (Canada) to sell its Ukrainian units - the non-life entity (AXA Insurance) and life entity (AXA Insurance Life) - both based in Kyiv, as the Paris-based insurer has said in a statement.
20 February 2019AXA XL to cut over 700 jobs in Europe
AXA XL has presented the plan for its future target operating model and organizational structure of the business, which includes the reduction of 711 positions in Europe, out of a workforce of 9500 employees globally.
20 February 2019UKRAINE: 63% of complaints in 2018 were about MTPL
According to the National Financial Services Committee, the number of complaints regarding insurance activities in 2018 remained almost unchanged (5381 vs 5389 in 2017). At that the major part (63%) of the complaints were about MTPL, as Forinsurer wrote.
14 February 2019UKRAINE: in 2019 limits of MTPL liability to be increased by 30%
By the end of the first quarter of 2019 it is planned to increase MTPL insurance limits for damage to property, life and health caused as a result accidents, as MTIBU informed.
5 February 2019UKRAINE: Number of fatal accidents at workplace in Ukraine grows
29 January 2019UKRAINE: insurance of individuals in 3Q2018 increased by more than 20% y-o-y
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.
25 January 2019UKRAINE: 13 insurers left the market in January-September2018
According to the National financial services committee of Ukraine, in order to remove unreliable players from the financial market, 126 organizations, including 13 insurance companies, were removed during January-September, as the member of the Committee, Aleksander ZALETOV informed.
10 January 2019STATISTICS: UKRAINE, 3Q2018 result: for January-September 2018 the market growth y-o-y exceeded 11% in local currency, but in euro it was less than 5%
For 9 months in 2018 Ukrainian insurers generated GWP in the amount of UAH 34.87 billion (~EUR 1 billion). At that annual growth rate in local currency amounted to 11.1%, according to the data, published by the National Financial Services Commission.
9 January 2019
