Ukraine

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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:	603,628	km²
Population*:	42.05	million
GDP*:	106.85	EUR billion
GDP/capita*:	2,541.12	EUR

Currency: Hryvnia
Code: UAH
Since: 1996

Exchange rates at December 31st:

1 EUR = 31.714138 UAH (2018)
1 EUR = 33.495424 UAH (2017)
1 EUR = 28.422604 UAH (2016)
1 EUR = 26.223129 UAH (2015)
1 EUR = 19.232908 UAH (2014)
1 EUR = 11.041530 UAH (2013)
1 EUR = 10.537172 UAH (2012)
1 EUR = 10.298053 UAH (2011)
1 EUR = 10.573138 UAH (2010)

Sources:

Statistics

Ukraine FY2018 Rankings

Ukraine FY2018 Market Portfolio

See all statistics

Latest news

UKRAINE: at the end of April, MTPL increased by more than 13% y-o-y

GWP of MTPL insurers - members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 13.57% y-o-y at the end of April 2019, amounting to UAH 1.578 billion (~EUR 53.31 million), reported Forinsurer.

2019-06-13

UKRAINE: 16 MTPL insurers got the highest evaluation rating in 1Q2019

The MTIBU (Motor Transport Insurance Bureau of Ukraine) has published the results of Bureau members' financial stability and claim settlement quality; out of 51 companies licensed for MTPL, 16 insurers got the highest evaluation rating in 1Q2019, Forinsurer reports.

2019-06-06

UKRAINE: annual MTPL growth from Jan-March reached almost 19%

For the period from January to March, insurers who are members of MTIBU (Motor Transport Insurance Bureau of Ukraine) generated MTPL GWP of 18.82% more y-o-y. Total GWP amounted to UAH 1.08 billion (~EUR 35.34 million), Forinsurer informed.

2019-05-16

NUMBER OF GREEN CARD INSURANCE CONTRACTS IN UKRAINE UP BY 48.9%

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2019-05-14

UKRAINE: InsuranceNEXT Conference - future insurance visualization to be held on June 13 in Kiev

The 3^rd international conference InsuranceNEXT will be held on June 13, 2019 in Kiev and will be dedicated to the state of the country's insurance market -which is now at the formative stage for transformation into a new digital reality-, the impact of economic development and GDP on insurance penetration in risk management structure, the future of the insurance market and availability of insurance services for citizens and enterprises.

2019-05-02

UKRAINE: net profit of AXA Insurance and AXA Life for the 1st quarter reached UAH 32 million

AXA Insurance and AXA Life, who are among the leaders of the Ukrainian market based on 2018 results, took in a net profit of UAH 32 million (~EUR 1.08 million) in the 1^st quarter of 2019, based on IFRS, Forinsurer reports.

2019-05-02

STATISTICS: UKRAINE, FY2018: Life insurance increased by 34% y-o-y

GWP of Ukrainian insurers in 2018 increased by 13.67% y-o-y, to UAH 49.36 billion (EUR 1.56 billion), as data published by the regulator show. The market growth in Euro was over 20% due to a more favorable exchange rate of the national currency at the end of 2018.

2019-04-25

"AXA Insurance" - the leader of the market of insurance of physical persons of Ukraine in 2018, according to the Insurance Top magazine

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2019-04-24

UKRAINE: S&P affirmed Ukraine at B-/B, outlook stable

On April 12, 2019 S&P Global Ratings affirmed a 'B-/B' long- and short-term foreign and local currency sovereign credit ratings for Ukraine, the outlook remains stable, stated the agency's report.

2019-04-18

UKRAINE: MTPL GWP for Jan-Feb grew by 18% y-o-y

In 2019, between January and February, the total MTPL GWP of insurance companies, members of MTIBU (Motor Transport Insurance Bureau of Ukraine), increased by 18.12% y-o-y, reaching UAH 661.44 million (~EUR 21.57 million), Forinsurer reports.

2019-04-17

UKRAINE: GWP of VUSO increased by 45% in 2018

GWP of VUSO insurance company increased by 45% to UAH 724.9 million, and paid claims rose by 24%, to UAH 197.44 million in 2018.

2019-04-04

UKRAINE: MTIBU: 2018 was a record year in terms of MTPL paid claims

According to MTIBU (Motor Transport Insurance Bureau of Ukraine), in 2018, MTPL GWP increased by 20% to UAH 4.5 billion, and the number of contracts went up by 4.2% y-o-y.

2019-04-04

UKRAINE: GWP of TAS went up by 38% y-o-y in January-February 2019

In January-February 2019, GWP of the TAS group increased by 38.2% y-o-y to UAH 262.87 million, as Forinsurer wrote.

2019-03-28

"Ukrainian insurance group" almost doubles its authorized capital

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2019-03-27

LITHUANIA: Ukrainian insurer GUARDIAN gets new shareholder from Lithuania

In March 2019, Ukrainian insurer GUARDIAN announced in a press release that Lithuania citizen, Arunas SIKSTA, was about to acquire the company as a new shareholder, the insurer said.

2019-03-21

UKRAINE: FITCH affirmed Ukraine at B- with stable outlook

In March 2019, FITCH Ratings affirmed Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a stable outlook, according to the agency's official report.

2019-03-21

UKRAINE: in January, 2019 MTPL increased by more than 12% y-o-y

GWP of Ukrainian insurers (MTIBU members) in January this year went up by 12.3% to UAH 318.8 million (~EUR 10 million) y-o-y. However, total number of agreements in January decreased by 0.05%, as Foninsurer wrote.

2019-03-07

Number of green card insurance contracts in Ukraine up by 13%

2019-03-06

In 2 years, Ukrainians have spent on insurance over UAH 50 million

2019-03-06

AXA has completed the sale of its Ukrainian units

The French insurer AXA Group announced it has successfully completed the deal with FAIRFAX Financial Holdings Limited (Canada) to sell its Ukrainian units - the non-life entity (AXA Insurance) and life entity (AXA Insurance Life) - both based in Kyiv, as the Paris-based insurer has said in a statement.