Eastern Europe, bordering the Black Sea, between Poland, Romania, and Moldova in the west and Russia in the east

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

Natural hazards:

Currency: Hryvnia (UAH)
1 EUR = 28.422604 Hryvnia - UAH (December 31st, 2016)
1 EUR = 26.223129 Hryvnia - UAH (December 31st, 2015)
1 EUR = 19.232908 Hryvnia - UAH (December 31st, 2014)
1 EUR = 11.041530 Hryvnia - UAH (December 31st, 2013)
1 EUR = 10.537172 Hryvnia - UAH (December 31st, 2012)
1 EUR = 10.298053 Hryvnia - UAH (December 31st, 2011)
1 EUR = 10.573138 Hryvnia - UAH (December 31st, 2010)

State Commission for Regulation of Financial Services of Ukraine
National Bank of Ukraine
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Ukraine FY2017 Market Rankings

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UKRAINE: INGO sees 17% rise in premiums in H1 2016

INGO Ukraine insurance company (Kyiv) saw a 16.9% rise in collection of insurance premiums, to UAH 424.2 million, the insurer has said in a press release. The company said that the share of voluntary car insurance (KASKO) was 31.9% of the total insurance portfolio (UAH 135.5 million), household insurance - 22.8% (UAH 97.1 million), voluntary medical insurance - 14.7% (UAH 62.6 million) and Green Card - 13.9% (UAH 59.4 million).

GLOBUS VIG reported growth of 13% in 1Q2016

According to the preliminary data published by the Kyiv-based insurer GLOBUS Vienna Insurance Group (VIG), in 1Q2016 the company has earned UAH 43.3 million (about EUR 1.45 million) of insurance premiums, 13.4% more y-o-y, while the number of concluded contracts was about 78,000.

UKRAINIAN insurers are switching to direct settlement of losses

Ukraine Starting with the II quarter of 2016 begins to introduce new model of insurance "avtograzhdanki" - Direct claims settlement. This means that in case of an accident for damages do not need to go to the insurance company the originator of incident, and in the company in which the injured party has acquired policy. "This is an innovation that has already been tried in Europe, progressively. To date, I do not know the direct alternative, which would improve the quality of customer service ", - says CEO MTIBU Vladimir Shevchenko.
Insurance company «BROKBUSINESS» paid indemnification amounted UAH 1 235 000 due to the Motor vehicle policy (CASCO) on the theft risk. The insured event happened in Kiev on 14th of January 2016. The insured Lexus was parked near one of the city supermarkets at night. While the owner was going shopping the vehicle was stolen.

Aegon Life Ukraine's Financial Results in 2015

In 2015, Aegon Life Ukraine continued to implement its strategy to increase sales and market share in the retail life insurance segment. Despite the unfavorable political and economic conditions, both our retail channels - Brokerage and Agency network - signed insurance premiums amounting to more than UAH 133 million. Number of insured persons in this segment increased to 44 204 (which is 8% more than in 2014). Overall, last year our company signed insurance premiums in the amount of USD 143.1 million, and the size of the customer portfolio reached 65 596 persons.

UKRAINIAN drivers have become much less to insure their cars

Ukrainian drivers are much less steel to insure their cars: the number of sold policies Casco declined by more than 2 times. According Natsfinuslug if Ukrainian company realized 540.2 thousand in 2013. of car insurance, then in 2015 - already only 254 thousand. pcs.

UKRAINE: The compensation limits on MTPL will be increased

Starting on February, 1st, 2016, the compensation limits paid under compulsory MTPL in Ukraine will double, according to legislative changes about to be approved by the Ministry of Justice, said Alexander ZALETOV, member of the National Commission for State Regulation of Financial Services Markets, Ukraine in an interview for MinFin.

UniCredit to sell UKRAINE unit to ABH Holdings

UniCredit, Italy's largest bank by assets, has announced a binding agreement to take new shares worth 9.9 per cent in ABH Holdings, part of Russian billionaire Mikhail Fridman's Alfa-Bank, as part of a deal to dispose of its unprofitable Ukrainian banking business Ukrsotsbank.