UKRAINE: GWP growth of the Ukrainian insurance group exceeded 24% y-o-y

2 December 2020 — Marina MAGNAVAL
According to the Ukrainian Insurance Group, for the first 9 months of 2020, the company's GWP grew by 24.2% y-o-y, Forinshurer reports.

The volume of the company's GWP for three quarters of 2020 amounted to about UAH 1.37 billion (~EUR 41.25 million*), out of which UAH 968.9 million the group generated under voluntary insurance, while UAH 399.1 million came from compulsory types.

As of September 30, 2020, the company's actual solvency margin exceeds the regulatory margin by 2.2 times, which allows the company to timely fulfill all its obligations.

In the first half of 2020, the Ukrainian Insurance Group ranked 5th in the non-life insurance market of Ukraine, increasing its market share from 3.66% to 4.76%.

*at the following exchange rate:
1 EUR = 33.1643 UAH (as of October 1st, 2020)

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