Ukraine
UKRAINE'S INSURERS CUT PREMIUMS COLLECTED VIA RESIDENT INTERMEDIARIES BY 27.8%
2 January 2019UKRAINE: only 20% of insurers meet the new National financial services committee of Ukraine requirements for assets quality
According to the National financial services committee of Ukraine, as the moment only 20% of the local insurers fully meet obligatory requirements to capital adequacy and solvency, liquidity and profitability, asset quality and riskiness of insurers' operations.
19 December 2018Popular Ukrainian actor insured his mustache
12 December 2018UKRAINE: 21% increase in GWP both for MTPL and Green Card for January-October
MTPL GWP of Ukrainian insurers-members of MTIBU for 10 months this year went up by 21.4% y-o-y and reached UAH 3.7 billion, according to the data of MTIBU.
12 December 2018Austrians want more business in Ukraine, but war is a worry
9 December 2018UKRAINE: for 9 months in 2018 insurance reserves went up by 15% y-o-y
Insurance reserves of Ukrainian insurers as of the end of September amounted to UAH 24.8 billion (+15% y-o-y; ~EUR 748.6 million), according to the member of the National financial services committee of Ukraine, Alexander ZALETOV.
29 November 2018UKRAINE: GWP of UNIQA group for 9 months went up by 27% y-o-y 29 November 2018
UNIQA Group's Ukrainian subsidiaries, UNIQA and UNIQA Life, generated GWP in the amount of UAH 2 billion (~EUR 60.37 million) in 3Q2018, which is 27.1% more y-o-y, as Forinsurer informed.
29 November 2018UKRAINE: GWP of UNIQA group for 9 months went up by 27% y-o-y
UNIQA Group's Ukrainian subsidiaries, UNIQA and UNIQA Life, generated GWP in the amount of UAH 2 billion (~EUR 60.37 million) in 3Q2018, which is 27.1% more y-o-y, as Forinsurer informed.
29 November 2018UKRAINE: 93.5 thousand of e-MTPL sold since e-policy launch this year
MTIBU (Motor Transport Insurance Bureau of Ukraine) announced 93,519 e-MTPL policies were sold in Ukraine since the launch of e-policies (on February 7, 2018) until November 12. Total GWP volume under e-policies amounted to UAH 66.4 million.
22 November 2018UKRAINE: GWP of TAS from January to October went up by 38.5% y-o-y
TAS insurance group reported for the first 10 months of this year GWP worth UAH 1.14 billion (+ 38.5% y-o-y) and paid claims of UAH 436.83 million (+49.8% y-o-y), Forinsurer wrote.
22 November 2018UKRAINE: from January to September MTPL premiums went up by 20.6%
For the period from January to September 2018 MTPL premiums of MTIBU members in Ukraine went up by 20.6% y-o-y and amounted to UAH 3.3 billion, said Forinsurer.
15 November 2018UKRAINE: Guardian insurer more than triples premium collection in nine months
13 November 2018UKRAINE: GWP of INGO Ukraine went up by 13.7% and paid claims - by 10.9%
INGO Ukraine generated GWP in the amount of UAH 876.8 million, in the first nine months of 2018, 13.7% more y-o-y. At the same time, the insurer's paid claims reached UAH 378.8 million (+10.9%), informed Forinsurer.
8 November 2018PROVIDNA INSURER CUTS PREMIUM COLLECTION BY 5.8%, RAISES PAYMENTS BY 4.7% IN NINE MONTHS
25 October 2018Fairfax not planning to merge Colonnade Ukraine and the newly aquired AXA Insurance units
Canadian group Fairfax Financial Holdings Limited (Fairfax), does not plan to merge the recently acquired Ukrainian AXA units with its insurance company Colonnade Ukraine, First Vice President of AXA Insurance Andriy Peretiazhko said at a press conference on Tuesday, Interfax reports.
25 October 2018AXA leaves the Ukrainian insurance market
AXA announced on 23 October it had entered into an agreement with Fairfax Financial Holdings Limited, through its subsidiary FFHL Group Ltd., ("Fairfax") to sell all its insurance operations in Ukraine and exit the Ukrainian market.
23 October 2018STATISTICS: UKRAINE, 1H 2018: 98% of risk insurance GWP accumulated by 100 insurers out of 291
According to the National Financial Services Commission, as of July 1, 2018, the total number of Ukrainian insurers amounted to 291, including 31 life insurers and 260 risk insurers. For the first half year total number of insurers decreased by 9.
27 September 2018UKRAINE: for January-July, annual growth of MTPL amounted to 20.5% and Green Card went up by 25%
For 7 months, Ukrainian insurers (members of MTIBU, the Motor Transport Insurance Bureau of Ukraine) generated UAH 2.57 billion of MTPL premiums (+20.5%). The total number of MTPL policies, according to MTIBU, increased by 4.2% and amounted to almost 4.6 million units.
24 September 2018STATISTICS: UKRAINE, 1H 2018: life insurance demonstrates significant growth by more than 39%
The Ukrainian insurance market generated GWP in the amount of UAH 23.42 billion (EUR 766.33 million) in the first half year, 10.38% more than a year ago. Likewise, GWP of life insurers increased by 39.2% from UAH 1.24 billion (EUR 41.8 million) to UAH 1.73 billion (EUR 56.69 million), according to the National Financial Services Commission.
19 September 2018VIG to make acquisitions in Ukraine
Austrian insurer VIG intends to become a Top3 insurer in the Ukrainian insurance market, and "is mulling the possibility of acquiring another risk insurance company", wrote the local business portal open4business.com.ua.
18 September 2018
