Ukraine

Flag



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:



 


Statistics

Ukraine 1Q2019 Insurance Companies Rankings

Ukraine 1Q2019 Market Portfolio


See all statistics

Latest news

UKRAINE: Head of Central Bank resigns

The Governor of the National Bank of Ukraine, Valeria Gontareva, has announced her resignation, effective from 10th May, 2017, after nearly three years in the post. She made the announcement during a press conference.

UKRAINE: Insurers increases the insurance payments to the population on 17% in 2016

The total amount of insurance payments on claims by individuals, paid by the insurance companies of Ukraine in 2016, amounted, according to preliminary estimates, over UAH 4.5 bn, which is 17%, or UAH 600 million more than in 2015, said the Agency "Interfax-Ukraine" member of the national Commission, carrying out state regulation of market of financial services (Natskomfinuslug), Alexander Zaletov.



UKRAINE: Insurers of Ukraine in 2016 increased taxes 17%

The total amount of profit tax paid by insurance companies of Ukraine, according to preliminary data, in 2016 amounted to about 950 million UAH, which is 17%, or 140 million UAH more than in 2015, said the Agency "Interfax-Ukraine" member of the financial services Commission Alexander Zaletov.




UKRAINE: Insurers' bankruptcy procedure not settled in consumer rights protection area

The bankruptcy procedure for insurance companies is not settled from the point of view of the proper protection of consumer rights, Director of the law and analytical department of the League of Insurance Organizations of Ukraine (LIOU) Serhiy Tarasov said at the second Restructuring and Bankruptcy Forum organized by Yurydychna Praktyka (Law Practice) newspaper on March 29.


UKRAINE: Some 55% of assets of local insurers are low liquid

The preliminary results of the Ukrainian insurance market in 2016 show that 55% of assets of insurance companies worth over UAH 30 billion are low liquid or hard to sell and generate low income, a member of the national commission for financial service markets regulation Oleksandr Zaletov has told Interfax-Ukraine.

UKRAINE: ALD Automotive moving corporate car leasing market towards outsourcing and modernity

"When I came to Ukraine almost two years ago, I found a very archaic situation in corporate car fleet management. Most of international companies operating in Ukraine were still buying cars directly and managing their own car fleets: as an evidence for that, we can look to the very tiny size of the car leasing market: only around 25000 vehicles, which also includes volumes from individuals and Ukrainian SMEs!", said Pierre-Vladimir Joliot, General Director, ALD Automotive.



UKRAINE: Zurich leads USD 120 million civil war loss

Zurich is the lead insurer on a USD 120mn political risk claim caused by the conflict in Ukraine, The Insurance Insider understands. The insured is food conglomerate Cargill, one of the world's largest privately held corporations.




Ukraine: Swiss investor VIATRANS bought 22% of local insurer PERSHA

Swiss investor VIATRANS became one of the shareholders of PERSHA Ukraine, a non-life insurer, with 22% of the shares (132,000 shares). Moreover, the Ukrainian Commission for State Regulation of the Financial Markets has approved the acquisition. VIATRANS has showed its interest for the domestic insurer since March, 2016.