Ukraine

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Location map
author: OCHA/ ReliefWeb


Location:
- Eastern Europe, bordering the Black Sea.
- Neighbours: Belarus, Russia, Moldova, Poland, Slovakia, Hungary, Romania.

Climate:
- temperate continental;
- Mediterranean only on the southern Crimean coast;
- precipitation disproportionately distributed, highest in west and north, lesser in east and southeast;
- winters vary from cool along the Black Sea to cold farther inland;
- summers are warm across the greater part of the country, hot in the south.

Macro indicators
* 2018 estimates
Surface:603,628km2
Population*:42.1million
Pop. density*:69.7people/km2
GDP*:106.9EUR billion
GDP/capita*:2,541.1EUR

Currency: Hryvnia
Code: UAH
Since: 1996


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:8%
TOTAL NON-LIFE*:92%
Overall Property*:22%
Overall Motor*:27%

Sources:
Starting July 1st, 2020, the National Bank of Ukraine took over all activities of financial market regulator, the State Commission for Regulation of Financial Services of Ukraine




 


Statistics

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Ukraine 3Q2021 Market Rankings

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Ukraine 3Q2021 Market Portfolio


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Latest news



SCOR's Q1 2022 results will be impacted by the conflict in Ukraine

French reinsurer SCOR announced, its Q1 2022 results will be impacted by the conflict in Ukraine. "Since the beginning of the war in Ukraine on 24th February 2022, SCOR has been closely monitoring the unfolding of events, and the resulting potential impact of the conflict and related international sanctions on its activity".



UNIQA Ukraine continues to work and indemnify its customers

Ukrainian subsidiaries of the UNIQA Group, insurance companies "UNIQA" and "UNIQA Life", continued to work despite the war situation in the country and paid their clients indemnities worth UAH 27.1 million between 24 February and 10 March, a company announcement said.










STATISTICS: UKRAINE, 3Q2021: the market expands by more than 15% y-o-y (in UAH)

The insurance market in Ukraine at the end of the third quarter of 2021 recorded an increase of 15.48% y-o-y to UAH 38.07 billion (EUR 1.22 billion). At the same time, paid claims of insurers increased by almost 21% and reached UAH 13.42 billion, as the data published by the National Bank of Ukraine show.



UKRAINE: new edition of the Law "On insurance" adopted

The Verkhovna Rada of Ukraine on November 18, 2021 adopted a new version of the Law of Ukraine "On Insurance", which changes a wide range of requirements for licensing insurers, assessing their solvency and liquidity, corporate governance and risk management, termination of companies and transfer of insurance portfolio, etc., Forinsurer said.