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Ukraine 3Q2019 Market Portfolio
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Ukraine International Airlines will fully compensate PS752 flight killed passengers' families
Ukraine International Airlines (UIA) will pay all insurance payments and compensations to the families of killed passengers of the Tehran-Kyiv PS752 flight in accordance with the international rules, UIA President Yevhen DYKHNE reported at a briefing, news agency INTERFAX reported.
13 January 2020UKRAINE: insurers' expenses for agents' remuneration from January to September 2019 reached almost UAH 7 billion
From January to September 2019, expenses for agents' remuneration of Ukrainian insurers increased by 72.5% y-o-y, according to the report for the mentioned period of the National Financial Services Commission.
7 January 2020UKRAINE: "split" law was the key market event in 2019
According to PZU Ukraine group, the key event in 2019 on the Ukrainian insurance market was the signing of the "split" law - the transfer of the regulator's functions of the non-banking financial sector to the National Bank.
6 January 2020UKRAINE: e-MTPL policies exceeded 1 million units sold
The total number of e-MTPL policies in 2019 (as of the mid-December) increased 7.6 times from 2018 level, to over 1 million e-policies (vs. 137.8 e-policies sold in 2018), Forinsurer reports.
19 December 2019STATISTICS: UKRAINE, 3Q2019: almost 61% of GWP came from legal entities
GWP of the Ukrainian insurance market at the end of 3Q2019 increased to UAH 40.56 billion (EUR 1.54 billion*), which in local currency is 16.3% more y-o-y. Net premiums increased by 18.8% (to almost UAH 30.15 billion), as the data of the regulator show.
19 December 2019UKRAINE: for 9 months total number of Green Card policies grew more than 43%
According to the Motor Transport Bureau of Ukraine (MTIBU), for the first 9 months of this year, the total number of Green Card policies increased by 43.2% y-o-y and reached almost 842 thousand units, Forinsurer reports.
12 December 2019UKRAINE: 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 2019
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