Insurers continue to offer coverage for war risks to an increasing number of businesses and individuals, although this line of business remains unprofitable with a combined ratio of 111.11%, according to the “2025 Insurance Market Review” prepared by the National Association of Insurers of Ukraine (NAIU).
In addition, the report notes that insurance against war risks, in particular, led to a 30% increase in insurance premiums in the property line of business, which is directly linked to public demand for real estate insurance against the consequences of war. At the same time, 75% of clients are legal entities. Ukrainian businesses are actively seeking protection and finding it by engaging foreign reinsurance capacity, particularly from global giants such as Lloyd’s of London.
According to the information, 304 insurance companies have left the domestic market since 2016.
“It was a painful but critically necessary cleansing process. The industry underwent a digital revolution, weathered stricter solvency requirements in 2019, survived a massive ‘Split’ in 2020, and implemented Ukraine’s new, progressive Law ‘On Insurance.’ And all of this took place against the backdrop of Russia’s full-scale invasion and unprecedented security uncertainty,” the report notes.
As of the end of 2025, 47 companies operate in the non-life insurance sector, while only 10 remain in life insurance.
“Today, this is a highly concentrated and fiercely competitive environment, where the top ten companies account for 74.3% of the entire non-life market. In the life insurance segment, the situation is even more telling, and the entire market consists of these 10 players, with a single insurer accounting for nearly 50% of the industry,” the report notes.
It is also emphasized that despite the war and extremely challenging operating conditions, companies have demonstrated impressive resilience. The net financial result for both segments totaled UAH 6.8 billion, and only nine insurers ended the year with losses. At the same time, the market as a whole remains well-capitalized, as eligible assets for meeting solvency requirements amounted to UAH 86.2 billion, which is 31% higher than the figures for 2024.
“The robust operational health of the risk sector is best evidenced by the figures, where the portfolio loss ratio stands at 49.1%, the combined loss ratio has fallen below the psychological threshold to 97%, and operational efficiency has remained at a high level of 88.6%.
We can only wholeheartedly congratulate our non-life market on these results,” the report emphasizes.
Ukrainian steelmakers increased pig iron output by 5.9% in January–March 2026 compared to the same period last year, reaching 1.802 million tons.
According to information from the Ukrmetallurgprom association on Thursday, 690,200 tons of pig iron were produced in March, compared to 561,900 tons the previous month and 549,900 tons in January.
As reported, Ukraine’s metallurgical enterprises increased pig iron production by 11.2% in 2025 compared to 2024, reaching 7.884 million tons.
In 2024, Ukraine increased pig iron production by 18.1% compared to 2023—to 7.090 million tons.
In 2023, Ukraine reduced pig iron production by 6.1% compared to 2022—to 6.003 million tons.
In 2022, the country reduced pig iron production by 69.8% compared to 2021—to 6.391 million tons.
In 2021, before the war, 21.165 million tons of pig iron were produced.
On April 8, the National Anti-Corruption Bureau of Ukraine (NABU) announced its intention to enter into a contract with Insurance Company “Ultra Alliance” (Kyiv) for the procurement of voluntary motor vehicle insurance services.
According to a notice in the Prozorro electronic public procurement system, Ultra Alliance Insurance Company offered a comprehensive insurance price of 3.812 million UAH against an expected cost of 5.824 million UAH.
Insurance Company “Kraina” also participated in the tender with a bid of 4.987 million UAH.
Insurance Company “Ultra Alliance” has been providing insurance services since 2004.
According to the NBU, the company ranks 28th among Ukraine’s non-life insurers (47) in terms of premiums collected in 2025.
The municipality of Farini in the Italian region of Emilia-Romagna has launched a program to sell homes for a symbolic price of €1 in order to encourage the restoration of abandoned properties and revitalize the town. According to a notice from the municipality, the program involves properties transferred by private owners that are planned to be repurposed for residential, tourist, commercial, and other uses. Farini’s official website also states that the municipality has a population of 1,047.
Authorities state that the initiative’s goal is to renovate dilapidated buildings, attract new residents, and boost the area’s economic appeal. Applications are open to all interested parties, even if they do not reside in Farini, as well as third-sector organizations active in the local community. In return, buyers are required to renovate the purchased property and maintain it in good condition.
The municipal website already features at least one property in the “Houses for EUR1” showcase—a four-story stone residential building in the Valle di Cogno San Bassano area. The description states that the building is not subject to any special restrictions and can be restored not only as housing but also for commercial, tourism, or craft-related activities.
The Farini program has also attracted market attention because such schemes are usually associated with southern Italy, whereas in this case, the initiative is taking place in the northern part of the country. For small municipalities, such initiatives remain one of the tools for combating depopulation, expanding the tourism base, and returning vacant properties to use.
According to Serbian Economist, more than 160,000 apartments in Montenegro are not used for permanent residence: according to the 2023 census, there were 392,909 residential units in the country, of which 89,083 were used seasonally, and 71,204 were listed as temporarily vacant or abandoned. Thus, the total volume of such housing exceeds 160,000 units.
The Montenegro Tenants’ Association pointed out this imbalance. The organization stated that with such a large volume of vacant and seasonal housing stock, tens of thousands of families remain in precarious rental situations, often without formal contracts or legal protection. The association also warned of further increases in rent and real estate prices as long as a large “gray area” persists in the market.
For Montenegro’s economy, this means that the housing market is increasingly moving away from serving permanent residents and is increasingly catering to seasonal demand, tourism, and investment-based real estate models.
This problem is compounded by the continuing influx of foreigners. According to data previously cited by the Montenegrin Ministry of the Interior, as of September 10, 2025, there were 100,867 foreign citizens residing in the country, including 71,250 with temporary residence and 29,617 with permanent residence.
Among temporary residents, the largest groups were citizens of Serbia—about 24,538 people, Russia—21,153, and Turkey—13,396.
Specifically regarding the labor market in 2025, Montenegro issued 40,567 work and residence permits to foreigners from 107 countries. The largest group here was Turkish citizens—10,346 permits—followed by citizens of Serbia—8,148—and Russia—7,429. Other notable groups included citizens of Azerbaijan, Albania, Bosnia and Herzegovina, and Kosovo.
Ukrainians remain one of the largest foreign groups in the country, although their status is partially based on temporary protection rather than a standard residence permit. According to the Montenegrin government, temporary protection for individuals from Ukraine has been extended until March 4, 2027. Earlier reports citing the Montenegrin Ministry of the Interior indicated that as of June 1, 2024, 5,000 Ukrainian citizens were under temporary protection.
According to Fixygen, Radomyshl Brewery intends to hold its annual general meeting of shareholders on April 29, 2026, via remote participation.
According to the published information, shareholders are invited to review the company’s performance for 2025, hear reports from the supervisory board and the director, and approve the new version of the company’s charter. It is proposed that the work of the supervisory board and the director be deemed satisfactory.
Key agenda items also include covering losses from previous periods and confirming significant transactions preliminarily approved at last year’s meeting. Additionally, the meeting will consider granting preliminary consent for new significant transactions with JSC “Ukreximbank,” including loan agreements and security agreements.
According to public registries, in 2025, PJSC “PBK ”Radomyshl” reported revenue of UAH 4.704 billion and a workforce of 869 employees. According to a publication based on the issuer’s disclosures and Opendatabot data, the company’s net profit for 2025 amounted to UAH 65.06 million, compared to a loss of UAH 368.33 million a year earlier; assets grew to UAH 2.36 billion, and liabilities to UAH 2.49 billion.
PBC “Radomyshl” PJSC was registered in 2003; its registered address is 71 Mikgorod St., Radomyshl, Zhytomyr Oblast; its director is Serhiy Gavrylenko; and its authorized capital is UAH 681.327 million. The company’s primary business activity is beer production. Andriy Matsola and Maria Matsola appear in public records as the company’s beneficiaries.
