Business news from Ukraine

Business news from Ukraine

Rating of leaders of insurance market of Ukraine by collected premiums is presented

Leaders of the insurance market of Ukraine by collected premiums in January-August 2024 became insurance companies SG “TAS” (UAH 3,056 billion), “ARKS” (UAH 2,801 billion), “Unica” (UAH 2,564 billion), “INGO” (UAH 2,223 billion) and IC “VUSO” (UAH 2,197 billion), according to the website of the National Association of Insurers of Ukraine (NASU). It is noted that there have been no changes in the top 5 leading companies of Ukraine compared to 7M. 2024 did not occur.
In the top-5 in the market of compulsory motor liability insurance on collected premiums there were no changes and according to the results of eight months are leading SG “TAS” (UAH 913.6 mln), “Oranta” (UAH 874.2 mln), “Knyazha VIG” (UAH 669 mln), “ROM” (UAH 414.1 mln) and “VUSO” (UAH 286.8 mln).
The leaders in the Green Card market in terms of premiums collected during the period are TAS (UAH 891.7 mln), USG (UAH 484.2 mln), Knyazha VIG (UAH 425.6 mln), ROM (UAH 362.4 mln) and Oranta (UAH 284.8 mln) (no changes).
There are also no changes in the CASCO market: as before, it is headed by IC “ARKS” (UAH 1.517 billion), “Arsenal Insurance” (UAH 1.228 billion), “Unica” (UAH 721.6 million), “VUSO” (UAH 625.7 million) and “USG” (UAH 575.3 million).
At the same time there have been slight changes among the leaders in voluntary health insurance: the leader, as before the top-5 in this segment, is IC “Unica” (UAH 1,078 billion), followed by IC “Universalna” (UAH 594,1 million), IC “VUSO” (UAH 547,6 million) has risen from the 4th to the 3rd position, swapping with IC “INGO” (UAH 490,3 million). SG “TAS” (UAH 366,5 mln) has moved up to the fifth position instead of IC “ARKS”.
In September 2024 there were no changes in the leaders in the life insurance market. As before, the first position is occupied by IC “MetLife” (UAH 1.730 billion), IC “TAS” (UAH 447.9 million), “Grave Life” (UAH 364.3 million), “Unica Life” (UAH 284.5 million) and “ROM Life” (UAH 247.4 million).
As reported, as of the end of August 2024, 66 risk insurers operate in the insurance market of Ukraine, 11 specialize in life insurance, one – with a special status (“Export Credit Agency”, ECA).

 

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