It is noted that the segment maintains its position among the key segments in terms of GWP, along with medical insurance and property insurance. The bulk of sales are generated by new cars purchased on credit or lease, as well as corporate fleets. At the same time, more and more used car owners are considering Motor Hull as a means of protecting against military risks, which have become a major factor in the market's unprofitability over the past two years.
Motor Hull paid claims exceeded UAH 2 billion (EUR 50.51 million) in January-March 2026. The level of claims remains one of the highest in non-life insurance, exceeding 50%. Today, several companies offer special programs or additional options for combat vehicle insurance. However, such products remain expensive due to the complexity of risk assessment and limited reinsurance options. Most international reinsurers continue to be cautious about Ukrainian military risks, which directly impacts their pricing policies.
Rising repair costs remain a significant factor for Motor Hull. In recent years, spare parts, logistics, and service station fees have increased significantly. The banking sector remains another driver of Motor Hull growth. A significant portion of new cars purchased on credit are insured under Motor Hull programs.
The corporate segment also shows stable demand. Logistics companies, manufacturing enterprises, retail chains, and delivery services continue to actively insure vehicles due to the high costs of downtime and repairs. For underwriters, the main challenges remain assessing war risks, rising repair costs, shortages of certain components, and the need to revise tariffs to reflect the new risk structure.
As of the end of the first quarter of 2026, Motor Hull remains one of the most important sources of revenue for Ukrainian insurers. Recovery in car sales, development of war risk coverage, and adaptation of tariffs to the new economic and security conditions remain the key drivers of market growth.
Medical insurance in Ukraine remains one of the most dynamic segments of the insurance market, despite the war. In the first quarter of 2026, insurers continued to expand their portfolios of medical contracts due to strong demand from employers and individuals seeking to offset the rising cost of medical services and medications.
According to Insurance TOP, medical insurance exceeded UAH 3 billion (EUR 53.32 million), giving the segment one of the largest shares in the structure of non-life portfolio. Medical insurance is one of the three largest types of voluntary insurance, along with Motor Hull and property insurance.
Corporate medical insurance programs remain the main driver of growth. Most medical insurance contracts are concluded by employers for their own employees as part of an insurance package.
Paid claims in medical insurance from January to March 2026 exceeded UAH 2 billion. The payout rate traditionally remains one of the highest among all types of insurance, exceeding 60%.
High loss ratio is a specific feature of medical insurance. Unlike property or motor insurance, where an insured event may not occur for a year, clients with medical policies regularly use medical services. Medical inflation remains a significant factor in the market. The cost of medical services and medications continues to rise faster than the overall inflation rate in the economy. This forces insurers to regularly review rates and insured amounts when renewing contracts.
For underwriters, the key challenges still are rising cost of medical services, increasing frequency of client inquiries, and the need to maintain a balance between affordability of insurance programs and portfolio profitability.
As of the end of the first quarter of 2026, voluntary medical insurance remains one of the most predictable lines of insurance business in Ukraine, the source writes.
* 1 EUR = 50.3123 UAH (March 31st, 2026)
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