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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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.

UKRAINE: Licenses of three companies suspended because of their predominantly Russian ownership; ALLIANZ Ukraine reacts

The Ukrainian National Commission for State Regulation of Financial Services Markets decided on December 31st, 2015 to revoke the license of three insurers: ALLIANZ Ukraine, GUTA-Ukraine and GARANTIA-Life. The main reason of the decision lies in the predominantly Russian ownership of the three companies. The state decision comes into force from January 30, 2016.

The structure of the insurance market in UKRAINE has changed

Gross premiums received by insurers from policyholders and reinsurers for the first 9 months of 2015 amounted to 21 718.7 million USD, of which 7 269 200 000 UAH (33.5%) - from individuals; 14 449 500 000 UAH (66.5%) - from legal entities.