The insurance companies of Ukraine in January-September 2019 collected net premiums in the amount of UAH 30.149 billion, which is 18.8% more than for the same period in 2018, the National Commission for the State Regulation of the Financial Services Market has said. According to the regulator, the volume of gross insurance premiums collected by insurers for the specified period amounted to UAH 40.562 billion (16.3% more).
The commission notes that an increase in gross insurance premiums was recorded for almost all types of insurance. In particular, premiums in car insurance KASKO, OSAGO, Green Card rose by UAH 1.7 billion (18%), in medical insurance by UAH 1.028 billion (40.3%), insurance against fire risks and risks of natural disasters by UAH 776.6 million (25.4%), property insurance by UAH 618.1 million (13.7%), life insurance by UAH 552.6 million (20.2%), insurance of medical expenses by UAH 546.7 million (58.5%), cargo and luggage by UAH 133.4 million (6.5%).
The share of net insurance premiums in gross insurance premiums for the nine months of 2019 amounted to 74.3%, which is 1.5 percentage points more than in the first half of 2018.
In January-September, insurers paid UAH 9.624 billion in net insurance claim fees (13.7% more). The level of net payments decreased from 33.3% to 31.9%
According to the regulator, gross insurance payments increased by 12.5%, to UAH 9.846 billion. The level of gross payments decreased from 25.1% to 24.3%.
A high level of gross insurance payments is observed in car insurance (an increase of 14%), medical insurance (by 28.4%), financial risks (by 5.3%), and medical expenses (by 18.8%).
