Non-life insurance declined by more than 16% y-o-y, facilitated by a decrease in voluntary classes, where the most significant negative dynamics was observed in property insurance, civil liability, cargo insurance and financial risks. Mandatory insurance, on the contrary, grew slightly (+4.53%), however, its market share was not that big — just over 17%.
Market total paid claims increased to UAH 3.75 billion, and their growth was recorded by almost all LoBs, with exception of only a few. It's worth noting that paid claims of life insurance remained at the level of 1Q2019 (decreasing by only 0.16%).
TOP-5 non-life insurers occupied over a quarter of the non-life market portfolio. The non-life sector leader in terms of GWP was UNIQA (UAH 646.24 million), followed by ARX and TAS. The life insurance market was led by METLife (UAH 351.47 million), UNIQA Life and PZU Ukraine Life.
1 EUR = 30.567665 Hryvnia — UAH (March 31st, 2019)
1 EUR = 30.9617 Hryvnia — UAH (March 31st, 2020)