Ukraine
Ukrainian insurers warn of broader economic impact of higher bank taxation
The Ukrainian insurance industry has voiced concerns over proposals to increase the corporate income tax on banks to 50%, warning that the measure could have negative consequences not only for the banking sector but for the country's entire financial ecosystem.
11 June 2026STATISTICS: UKRAINE, 1Q2026: Motor insurance is leading in both GWP and paid claims
Ukraine's insurance market grew by 17.56% to UAH 18.11 billion (EUR 360.04 million/+4.56%) in the first quarter of 2026. Non-life insurance generated almost 92% of this total. Total paid claims jumped by 46.02%, reaching UAH 8.47 billion (EUR 168.40 million/+29.86%), according to data from the National Bank of Ukraine (NBU).
8 June 2026UKRAINE: Number of complaints against insurers to NBU rises 40% in the first quarter
The National Bank of Ukraine (NBU) processed over 20,000 complaints from consumers of financial and insurance services in the first quarter of 2026. The regulator notes a significant increase in the number of complaints regarding performance of financial institutions, including insurers, Forinsurer writes.
2 June 2026UKRAINE: In January-April, MTPL grows by 16%, while sales of Green Card fall by 1%
In January-April 2026, insurance companies-members of the Motor Transport Insurance Bureau of Ukraine (MTIBU) increased MTPL GWP by 16% y-o-y, to UAH 7.39 billion or approximately EUR 164.3 million, Forinsurer reports.
28 May 2026UKRAINE: PZU acquires Ukrainian life insurance leader
Polish insurance company PZU SA has entered into an agreement to acquire MetLife, the Ukrainian life insurance market leader, from the American MetLife Global Holding Company. The transaction is subject to the necessary regulatory approvals and, according to the company, is expected to be completed in 2027, Forinsurer reports.
12 May 2026Ukraine seeks EUR 5 billion annual war risk cover for recovery efforts
Ukraine requires more than EUR 5 billion annually in war risk insurance to unlock private investment and support the country’s reconstruction efforts, according to Economy Minister Oleksiy Sobolev.
7 May 2026UKRAINE: TAS Group expands its business by 22.5% in 1Q2026
TAS Group, a leader in the non-life insurance market, collected UAH 1,798.63 million (~EUR 35.94 million) from January to March 2026, which is 22.5% more y-o-y, Forinsurer writes.
4 May 2026UKRAINE: MetLife confirms 10-year leadership in life insurance by 2025
MetLife confirms its status as the absolute leader in the life insurance market in Ukraine. The company has topped the Insurance TOP rankings for 10 consecutive years, accumulating approximately 50% of all insurance premiums in the sector, according to Forinsurer.
4 May 2026STATISTICS: UKRAINE, FY2025: Insurance companies end the year with growth in assets and profitability
Ukraine's insurance market grew by 36.24% to UAH 74 billion (EUR 1.48 billion) in 2025, including UAH 67.98 billion in non-life insurance and UAH 6.01 billion in life insurance, according to the National Bank of Ukraine (NBU) quarterly report. Total paid claims rose by 28.19% to UAH 26.74 billion (EUR 0.53 billion).
6 April 2026UKRAINE: Andriy Pyshnyi: Ukraine’s insurance market in 2026 shows signs of qualitative transformation
In 2026, Ukraine’s insurance market is demonstrating signs of qualitative transformation. The market can be characterized as nearly transparent and profitable, as well as investment attractive and full of potential—a point highlighted by Andriy Pyshnyi, Governor of the National Bank of Ukraine (NBU), at the Ukraine National Insurance Conference, Forinsurer reports.
2 April 2026UKRAINE: MTPL paid claims in January–February 2026 rise by nearly 80%
In January and February 2026, Ukrainian insurance companies paid out over UAH 1.68 billion (~EUR 33.21 million) to victims of traffic accidents under MTPL policies, which represents a 79.6% increase y-o-y (vs UAH 935 million a year ago), Forinsurer writes, citing a report by the MTIBU (Motor Transport Insurance Bureau of Ukraine).
23 March 2026UKRAINE: MTIBU records a 37% decrease in complaints against MTPL insurers
In 2025, the MTIBU (Motor Transport Insurance Bureau of Ukraine) received 446 complaints against MTPL insurers vs 740 the previous year, representing a 37% decrease, Forinsurer writes.
10 March 2026UKRAINE: TAS Group concluded over 3.1 million insurance contracts in 2025
In 2025, TAS Insurance Group concluded 3.1 million insurance contracts. According to the insurer, TAS issued 1.5 million compulsory motor third-party liability insurance policies last year, a record high for the Ukrainian insurance market, Forinsurer reports.
10 March 2026UKRAINE: GWP collected by INGO in 2025 become a record in the company's history
INGO, a top-5 insurer, collected UAH 5.05 billion (~EUR 0.10 billion) in 2025, which is 48% more y-o-y and the highest in the company's history, Forinsurer writes.
10 March 2026UKRAINE: ORANTA ends 2025 with record premiums
ORANTA, a top 10 insurer in Ukraine, saw its GWP in 2025 increase by 58% to UAH 3.73 billion (~EUR 75.50 million), while its financial result increased by 78% to UAH 279 million. The company's assets exceeded UAH 3.5 billion for the first time, and its equity exceeded UAH 1 billion, according to Forinsurer.
3 March 2026UKRAINE: Arsenal Insurance expands its business by 60% in 2025
Arsenal Insurance celebrated its 20th anniversary in 2025 and entered the top-5 by GWP, collecting UAH 5.06 billion (~EUR 0.10 billion), which is 60% more y-o-y, Forinsurer reports.
23 February 2026Kniazha VIG and Aon announce new USD 25 million war-risk insurance facility with the U.S. International Development Finance Corporation
Kniazha VIG, one of the Ukrainian companies of Vienna Insurance Group (VIG), and Aon announce a new 25 million US dollar reinsurance facility agreement with the U.S. International Development Finance Corporation (DFC) which came into force on 1 February 2026.
12 February 2026UKRAINE: Property insurance mechanism against war risks with a limit of up to UAH 10 million has been launched
A property insurance mechanism against war risks, long awaited by businesses under conditions of martial law, has been launched in Ukraine, Forinsurer reports.
9 February 2026UKRAINE: Green Card market remained stable in 2025 despite slight decrease in contracts and premium volume
In 2025, Green Card market in Ukraine amounted to UAH 5.48 billion (~EUR 0.11 billion). Despite structural changes in the market, GWP decreased by 4% y-o-y, which may reflect both a change in the vehicle fleet structure and the effect of free pricing in a highly competitive environment, according to Forinsurer.
3 February 2026UKRAINE: In 2025, TAS Group led in terms of GWP and paid claims way ahead of the field
In 2025, according to the National Association of Insurers of Ukraine (NASU), TAS Insurance Group led in terms of GWP and paid claims, setting another sales record – the company's GWP grew by 60.2% to UAH 7.82 billion (~EUR 0.16 billion), which is UAH 2.1 billion higher than GWP collected by the company that ranked second in the market.
3 February 2026
