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Ukraine 1H2019 Market Portfolio
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UKRAINE: TAS and ORANTA are leading in terms of MTPL contracts and GWP in 3Q2019
According to the data published by MTIBU (Motor Transport Insurance Bureau of Ukraine), the total number of MTPL contracts amounted to 2 million units, while the GWP on MTPL reached UAH 1.27 billion (~EUR 48.2 million*), reports Forinsurer.
5 December 2019UKRAINE: a new financial development strategy for the next 5 years to be presented in January 2020
In January 2020, the National Bank and the National Commission for Securities and Stock Market will report on the program for 2020, presenting a new strategy for the financial sector's development until 2025. From July 1st, 2020 both entities will become the legal successors of the National Financial Services Commission, Forinsurer informs.
26 November 2019UKRAINE: GUARDIAN gets the right to insure under the Green Card system
Insurers - full members of MTIBU (Motor (Transport) Insurance Bureau of Ukraine) have now been joined by GUARDIAN, which got the right to sell Green Card policies, Forinsurer reports.
20 November 2019UKRAINE: motor classes take leading positions in GWP and paid claims portfolio of TAS
From January to September 2019, GWP of the TAS Insurance Group increased by 31.4% y-o-y, Forinsurer reports.
13 November 2019UKRAINE: largest number of accidents under Ukrainian Green Card registered in Poland
From January to June 2019, international Green Card bureaus paid EUR 783 thousand for losses in Ukraine, caused by drivers with foreign Green Card policies, Forinsurer reports.
7 November 2019UKRAINE: January-August total number of MTPL complaints about insurers' decreased by almost 20% y-o-y
For the first eight months of 2019, the total number of MTPL contracts increased by 3.5% y-o-y, exceeding 5.4 million units. MTPL GWP increased as well, by 11%, Forinsurer reports.
30 October 2019UKRAINE: the supervision "separation" law, to be transferred to the National Bank, was signed
The law for the separation of functions of the National Commission for Financial Services Market (regulator) between the National Bank and the National Commission for Securities and Stock Market, was signed on October 16, as Forinsurer reports with reference to the official website of Verkhovna Rada of Ukraine.
23 October 2019UKRAINE: Fairfax to acquire an additional 29% stake in UNIVERSALNA
Canadian Fairfax Financial Holdings announced its intention to acquire about 29% of the shares of UNIVERSALNA, as Forinsurer reports with reference to the stock market information.
17 October 2019UKRAINE: 2020 Green Card policies will be electronic
Starting July 1st, 2020, a new Green Card electronic policy will be introduced in Ukraine. It will be accepted by all traffic authorities, controlling both domestic movement and movement between the countries of the system, said the General Director of MTIBU (Motor (Transport) Insurance Bureau of Ukraine), Volodimir SHEVCHENKO.
9 October 2019STATISTICS: UKRAINE, 1H2019: total GWP in local currency increased by 16.5% y-o-y with over 98% of GWP collected by TOP-100 out of 249 companies
Market GWP in 1H2019 increased by 16.5% y-o-y and amounted to UAH 27.3 billion (~EUR 918 million), according to the statistical data, published by the regulator.
26 September 2019UKRAINE: supervision and regulation of the insurance market to be transferred to the National Bank of Ukraine
On September 12, 2019 the Verkhovna Rada of Ukraine adopted a bill on "Amending certain legislative acts of Ukraine, concerning the consolidation of the state functions regulating the financial services market", which provides for separation of functions of the National Commission for the financial services market, Forinsurer reports.
18 September 2019UKRAINE: since February 2018 the number of MTPL e-policies exceeded 768 thousand
The total number of MTPL e-policies issued in Ukraine between February 7, 2018 (the date on the system introduction) and to September 1, 2019, reached 768.2 thousand, data of MTIBU (Motor (Transport) Insurance Bureau of Ukraine), quoted by Forinsurer, show.
5 September 2019UKRAINE: new development strategy for the financial market until 2025 under discussion
Regulators of the Ukrainian financial market are inviting financial market participants, experts and international partners to discuss a new development strategy until 2025, Forinsurer reports.
5 September 2019UKRAINE: MTIBU: in January-June 20 MTPL insurers got high rating
According to the quarterly assessment of the MTIBU (Motor Transport Insurance Bureau of Ukraine), in the first half of the current year, 20 MTPL insurers out of 48 bureau members received a high rating, as Forinsurer reports.
29 August 2019UKRAINE: from January-June, MTPL GWP increased by over 11% y-o-y
The total number of MTPL contracts grew by 3% and GWP by 11.2%, to UAH 2.4 billion (EUR 80.64 million) in the first half of the year, Forinsurer reports based on the MTIBU (Motor (Transport) Insurance Bureau of Ukraine) data.
22 August 2019UKRAINE: FUIB doubled sales of OSAGO insurance policies
20 August 2019UKRAINE: INGO UKRAINE SEES 35% RISE IN PREMIUMS
20 August 2019UKRAINE: net profit of ARX and ARX Life increased by 58% y-o-y in 1H
In the first half year of 2019, ARX and ARX Life (former AXA Insurance and AXA Life) recorded a total net profit of almost UAH 80 million (+58% y-o-y/~EUR 2.68 million), Forinsurer reports.
8 August 2019UKRAINE: from January to June GWP of ARSENAL Insurance increased by 15% y-o-y
For the first half of the year, GWP of ARSENAL Insurance increased by 15% y-o-y, Forinsurer reports. The key driver of the company's growth is motor insurance.
5 August 2019UKRAINE: January-May MTPL growth exceeded 12% y-o-y
From January to May 2019, Ukrainian insurers generated MTPL GWP 12.3% more y-o-y, and the total number of MTPL policies increased by 3.5%, Forinsurer reports with reference to data published by MTIBU (Motor Transport Insurance Bureau of Ukraine).
18 July 2019
