Location map
author: OCHA/ ReliefWeb

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

- 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
Pop. density*:69.7people/km2
GDP*:106.9EUR billion

Currency: Hryvnia
Code: UAH
Since: 1996

Insurance market portfolio
* 2018 estimates
Overall Property*:22%
Overall Motor*:27%

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: UKRAINE, 3Q2022: the insurance market shrank by 25%

Insurance companies of Ukraine in January-September 2022 collected UAH 28.57 billion (EUR 803.51 million) of insurance premiums and paid out UAH 9.50 billion (EUR 267.21 million), which is respectively 25% and 29% less y-o-y in local currency, according to data from the National Bank.

STATISTICS: UKRAINE, 1H2022: the market contracted by almost 31% y-o-y in UAH

The Ukrainian insurance market amounted to UAH 17.60 billion (EUR 571.84 million), at the end of 1H2022, which is almost 31% less y-o-y in local currency. The decline was recorded in both life and non-life insurance. At the same time, the decline was in all classes, except for MTPL and Green Card segment, as data from the National Bank of Ukraine show.

STATISTICS: UKRAINE, 1Q2022: the market contracted by 19% y-o-y (in local currency)

The insurance sector of Ukraine ended the first quarter of 2022 with a decrease of 19% y-o-y, total GWP amounted to UAH 9.52 billion (EUR 292.15 million). The decline was recorded by both non-life insurance (more than 21%) and life insurance (by almost 3%), as shown by data published by the National Bank of Ukraine.

UKRAINE: in the first half of 2022, the number of Green Card policies more than doubled

In the first half of 2022, the number of Green Card policies concluded in Ukraine more than doubled (+119%), exceeding the corresponding period in 2021, amounting to 720,000 units. This figure has almost reached the level of the first half of the "pre-COVID" 2019, according to a press release from the MTIBU (Motor Transport Insurance Bureau of Ukraine).