According to Motor Insurers Bureau of Ukraine (MTIBU), during January-September 2011, the MTPL insurance market in Ukraine recorded gross written premiums of EUR 150 million, up by 44.7% compared to the same period of the previous year. Claims paid by insurers on MTPL, in the reporting period, increased by 21%, up to EUR 57 million.

Despite the adverse economic conditions, the Ukrainian agricultural insurance market shows a continuous development, slowly recovering after the 2009 market shock determined by the cease of the state subsidies for insurance. According to the International Finance Corporation (IFC) figures, the amount of collected payments reached UAH 133.5 million, of which during the autumn-winter 2010/2011 season -106.3 million UAH, and in the Spring-Summer 2011 season the remaining UAH 27.2 million. The total number of contract was of about 2.700. In terms of insurance coverage for the cultivated lands, the 769.55 ha insured represent about 5% of the total cultivated surface of the country. The original, pre-crisis, expectations, for a 10 -12% coverage in 2011, remained unfulfilled, while the market is still striving to get back, to the 2008 level.

Population have USD 60 billion on hand, which makes up 45% of GDP of Ukraine, deputy head of the League of Insurance Organizations of Ukraine Oleksandr Zaletov told the international conference "Pension Reform: Efficiency and Justice".

The European Bank for Reconstruction and Development (EBRD) has become a shareholder in the Ukrainian insurance company UNIVERSALNA with an equity investment of UAH 85 million (approximately USD 10.6 million), announced the insurer. Also, with a 23% stake, the EBRD is now the second largest shareholder in the company. Besides the founders and EBRD, UNIVERSALNA's existing shareholders include GOLDMAN SACHS, Emerging Europe Growth Fund (managed by HORIZON CAPITAL), GENESIS, and others.

Motor Insurance Bureau of Ukraine (MTIBU) decided to start the procedure of issuing of new MTPL policies for MTIBU members.

This September, the paid claims on Motor hull busines line of ALLIANZ Ukraine, were UAH209.587 for legal persons and UAH27.526 fin case of natural persons.

Agricultural insurance market in Ukraine has seen a positive growth in 2011, 1,978 insurance contracts being concluded in the spring-summer season, according to the analysis presented in the seminar dedicated to this field at the International Financial Forum in Yalta.

115 insurance companies with foreign capital are operating on the insurance market in Ukraine, holding a share of 60% of total underwritings from 2010, stated, during the International Financial Forum in Yalta, Alexandr FILONIUK, Chairman of the Board of LIOU.

The amicable report of damages due to road accidents can be used in Ukraine starting September the 19th, current year. "This corresponds with European standards in the field and provides that road accidents which resulted only in material damage and in which only two vehicles were involved will be solved without the Police finding documents, by using the amicable report", stated for XPRIMM News Vladimir ROMANISHIN, the Director of Motor Insurers Bureau in Ukraine, during the International Financial Forum in Yalta.

In 1H/2011, insurance companies in Ukraine have increased their underwritings by 14.6% compared with 1H/2010, totaling UAH 11 billion (EUR 1 billion), said on the 20th of September Alexandr FILONIUK, President of the LIOU Council, in the opening of the works of the 11th Edition of the International Financial Forum in Yalta, held during September 19th-23rd. PRIMM Insurance & Pensions Magazine, traditional Media Partner of the event, is represented at the reunion by Oleg DORONCEANU, International Markets Coordinator.

Starting 2012, non-resident insurance companies will be able to open direct branches in Ukraine, said, in the opening of the International Forum in Yalta, Alexandr KLIMENKO, Chairman of the Subcommittee on Non-Bank Financial Institutions of the Ukraine Parliament.

The EUREKO Executive Board has appointed Piotr KOWALCZEWSKI as President at ORANTA, the Russian insurance company controlled by the Dutch group.

The Ukrainian insurance companies have written in the first six months of 2011 over UAH 13 billion (EUR 1.12 billion) in premiums, according to the preliminary figures. "In this regard, the market recorded a 30% increase compared with the same period of the previous year", stated Natalia GUDIMA, President of the Ukrainian Insurance Companies League.

Gross written premiums in the first three months of 2011 by the Ukrainian insurance companies rose to UAH 6.09 billion (EUR 529.81 million), 29.8% higher than Q1/2010 (UAH 4.69 billion - EUR 408.50 million), according to the data published by the Financial Markets Supervisory Committee from Ukraine, according to forinsurer.com.

The volume of gross written premiums for 2010 by the insurance companies in Ukraine totaled EUR 2.13 billion, 12.9% more than in 2009 (EUR 1.78 billion). At the same time, the paid claims volume decreased by 9%, down to EUR 576.9 million (from EUR 585.2 million in 2009), according to the results published in INSURANCE TOP Magazine.

INGO Ukraine totaled EUR 8.73 million in gross underwritten premiums in the first trimester of 2010, on the non life segment, 4.2% higher when comparing to the similar time of the former year. At the same time, solved claims reached EUR 3.32 million, according to the data presented by the insurance company.

25 years since the disaster in Chernobyl, the threat of a radioactive contamination has not vanished. The huge concrete shelter, 29,000 tones and 110 meters high that covered the damaged nuclear reactor and the 200 tone of radioactive fuel, has started to crack and is currently in danger of collapsing. Hence, the Ukrainian government used the 25th anniversary to renew calls for the international community to raise money up to EUR 1.5 billion for building a new shelter.

In 2010, insurance companies in Ukraine have underwriten premiums of over UAH 22.6 billion - EUR 1.97 billion, up by 10.7% compared to 2009. At the same time, the claims paid by the active players on the Ukrainian market stood at UAH 6.1 billion - EUR 531.8 million. This figure represents a decrease of 9.4% compared to the results registered in 2009, according to data presented by Alexander FILONIUK, President of the Council, Ukrainian Insurers League, during the Fourth Edition of the International Insurance Forum, held in Tashkent, Uzbekistan.

The Dutch insurer AEGON plans to enter the insurance market in Ukraine by acquiring the majority stake of local society NADYA, announced company representatives of the investment company ARCA Capital, which represents the interests of NADYA.

Insurance companies in Ukraine registered in the first half underwritings worth EUR 954 million, up only 1.3% compared with 1H/2009. Meanwhile, "the volume of net premiums underwritten by Ukrainian insurers fell by 11.5%", said the representative of the insurance supervisory authority of Ukraine at the conference of the International Yalta Forum.