Dutch insurer AEGON announced that it will exit the Ukrainian market after less than four years, by selling 100% of AEGON Life Ukraine to local insurance firm TAS Group. The parties have agreed not to disclose the terms and conditions of the transaction.

Despite the large number of insurance companies in Ukraine (343), the major share of gross premiums, or 99.3%, is collected by 20 life insurers (44.4% of the total), and 97.3% by 100 risk insurers (33.6%).

The new prices will come into force from September 12. The cost of insurance "Green card" will rise on average by 4.7%, UNIAN reports.

The Ukrainian Commission for State Regulation of the Financial Markets has approved the acquisition of HDI Strakhuvannya by Bulgaria's EUROINS Insurance Group (EIG), a subsidiary of financial holding EUROHOLD. The deal in Ukraine comes after EIG has already acquired HDI Zastrahovane - the Bulgarian business of the Hannover based insurer TALANX International.

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has introduced new tariffs for Green Card policies for travel abroad by road from July 15, 2016.

INGO Ukraine insurance company (Kyiv) saw a 16.9% rise in collection of insurance premiums, to UAH 424.2 million, the insurer has said in a press release. The company said that the share of voluntary car insurance (KASKO) was 31.9% of the total insurance portfolio (UAH 135.5 million), household insurance - 22.8% (UAH 97.1 million), voluntary medical insurance - 14.7% (UAH 62.6 million) and Green Card - 13.9% (UAH 59.4 million).

In the first quarter of 2016, the total volume of risks ceded in reinsurance by Ukrainian insurance companies have reached to UAH 3.2 billion, comparing to UAH 1.6 billion in the similar period of 2015, according to ForInsurer.

According to the preliminary data published by the Kyiv-based insurer GLOBUS Vienna Insurance Group (VIG), in 1Q2016 the company has earned UAH 43.3 million (about EUR 1.45 million) of insurance premiums, 13.4% more y-o-y, while the number of concluded contracts was about 78,000.

According to the latest data from the Motor Insurers Bureau in Ukraine, local drivers prefer more to settle road accidents using the amicable report than to go to the police.

Motor (Transport) Insurance Bureau of Ukraine (MTIBU) from May 5, 2016 has introduced new tariffs for policies "Green Card" for traveling abroad by car.

Ukraine Starting with the II quarter of 2016 begins to introduce new model of insurance "avtograzhdanki" - Direct claims settlement. This means that in case of an accident for damages do not need to go to the insurance company the originator of incident, and in the company in which the injured party has acquired policy. "This is an innovation that has already been tried in Europe, progressively. To date, I do not know the direct alternative, which would improve the quality of customer service ", - says CEO MTIBU Vladimir Shevchenko.

Insurance company «BROKBUSINESS» paid indemnification amounted UAH 1 235 000 due to the Motor vehicle policy (CASCO) on the theft risk. The insured event happened in Kiev on 14th of January 2016. The insured Lexus was parked near one of the city supermarkets at night. While the owner was going shopping the vehicle was stolen.

In 2015, Aegon Life Ukraine continued to implement its strategy to increase sales and market share in the retail life insurance segment. Despite the unfavorable political and economic conditions, both our retail channels - Brokerage and Agency network - signed insurance premiums amounting to more than UAH 133 million. Number of insured persons in this segment increased to 44 204 (which is 8% more than in 2014). Overall, last year our company signed insurance premiums in the amount of USD 143.1 million, and the size of the customer portfolio reached 65 596 persons.

During the last five years, the Ukrainian insurance market saw a steady growth in local currency, except for the year 2014. In 2015 the volume of GWP earned by insurers has shown a double digit growth, up by 11.1%. However, denominated in European currency, the market GWP went down by 19%, making experts to appreciate that "in 2015 were not impressive dynamics".

Ukrainian drivers are much less steel to insure their cars: the number of sold policies Casco declined by more than 2 times. According Natsfinuslug if Ukrainian company realized 540.2 thousand in 2013. of car insurance, then in 2015 - already only 254 thousand. pcs.

According to the preliminary data published by the Kyiv-based insurer GLOBUS Vienna Insurance Group (VIG), in 2015 the company has earned UAH 171.6 million (about EUR 6.5 million) in insurance premiums, 43.4% more y-o-y, while the number of concluded contracts totaled 351,468.

Starting on February, 1st, 2016, the compensation limits paid under compulsory MTPL in Ukraine will double, according to legislative changes about to be approved by the Ministry of Justice, said Alexander ZALETOV, member of the National Commission for State Regulation of Financial Services Markets, Ukraine in an interview for MinFin.

UniCredit, Italy's largest bank by assets, has announced a binding agreement to take new shares worth 9.9 per cent in ABH Holdings, part of Russian billionaire Mikhail Fridman's Alfa-Bank, as part of a deal to dispose of its unprofitable Ukrainian banking business Ukrsotsbank.

In 3Q2015 year, the total volume of premiums ceded in reinsurance by the Ukrainian insurance companies reached to UAH 6.7 billion compared to UAH 4.4 billion in 3Q2014. Of the total sum, UAH 1.7 billion of reinsurance premiums were ceded to non-resident reinsurers and UAH 4.9 billion to resident reinsurers.

The Ukrainian National Commission for State Regulation of Financial Services Markets decided on December 31st, 2015 to revoke the license of three insurers: ALLIANZ Ukraine, GUTA-Ukraine and GARANTIA-Life. The main reason of the decision lies in the predominantly Russian ownership of the three companies. The state decision comes into force from January 30, 2016.