Ukrainian insurance companies that are members of the League of Insurance Organizations of Ukraine (LIOU), specializing in risk insurance and participating in the Open Insurance project, in January and February 2018 collected UAH 1.7 billion of insurance premiums, according to the LIOU website. The largest share in the structure of gross insurance premiums is that of voluntary property insurance with UAH 1 billion (60%), voluntary personal insurance (excluding life insurance) with UAH 400 million (21.7%) and non-government compulsory insurance with UAH 200 million (14.3%). Gross insurance premiums for voluntary insurance in January-February 2018 amounted to UAH 100 million (4%).
Gross insurance claim fee payments over the period amounted to UAH 500 million. The largest share in the structure of gross insurance payments was that of voluntary property insurance with UAH 200 million (40.3%), voluntary personal insurance (except for life insurance) with UAH 200 million (34.7%), non-government compulsory insurance with UAH 100 million (24.2%) and voluntary responsibly insurance with UAH 40 million (0.7%).
LIOU also analyzed voluntary car insurance (KASKO), obligatory insurance of civil liability of vehicle owners (OSAGO) and voluntary medical insurance.
KASKO premiums of the Open Insurance project participants totaled UAH 289.2 million in January-February 2018. Gross payments in claims reached UAH 180.3 million. The level of settling the payments was 62.3%.
As for voluntary medical insurance, premiums amounted to UAH 272 million and gross payments in claims – UAH 162 million. The level of settling the payments was 59.6%.
OSAGO premiums reached UAH 156.4 million and payments in claims – UAH 110.6 million. The level of settling the payments was 70.7%.
The insurance companies participating in the Open Insurance project are Azinco, Alfa Insurance, Arsenal Insurance, ViDi Insurance, Globus, Euroins, Interexpress, Inter-plus, Naftogazstrakh, NIKO Insurance, PZU Ukraine, Providna, PRO100-Strakhuvannia, Raritet, Skarbnytsia, Ukrfinstrakh, UNIQA and USI.
The Open Insurance project was founded by the League of Insurance Organizations of Ukraine in 2008 with the aim of improving the standards for disclosing information on the activities of insurance market participants, publicly announcing financial indicators, observing the policy of transparent activities and access to information.
