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




 

UKRAINE: GWP of ARX grew by 14% in 1H

ARX, which is one of the TOP-3 in Ukraine and has been operating on the market for 30 years, generated more than UAH 1.9 billion (~EUR 43.86 million) in non-life insurance in the first half of 2024 (+14% y-o-y). The insurer's paid claims exceeded UAH 856 million (~EUR 19.76 million), Forinsurer reports.




UKRAINE: in January-May 2024, MTPL market rises 25.8%

In January-May 2024, Ukrainian insurance companies increased MTPL GWP by 25.8% to UAH 3.8 billion (~EUR 86.36 million), while at the same time, premiums on e-policies increased by 39.6% to UAH 3 billion, Forinsurer reports with reference to the МTIBU (Motor (Transport) Insurance Bureau of Ukraine).













UKRAINE: A war risk insurance system to be created in Ukraine

The Financial Stability Board has agreed on a concept note for creation of a fully functional war risk insurance system in Ukraine. The concept was developed with the participation of specialists from the World Bank, the National Bank (NBU), the Ministry of Finance, and the Ministry of Economy, Forinsurer reports.