The leaders of the Ukrainian insurance market in terms of collected premiums in January-September 2024 were the insurance companies SG TAS – UAH 3.474 billion, ARKS – UAH 3.150 billion, Unica – UAH 2.564 billion, VUSO Insurance Company – UAH 2.860 billion, INGO – UAH 2.462 billion, according to the data of the information exchange project “PRIMA” of the National Association of Insurers of Ukraine (NASU).
According to the association’s website, changes in the top 5 for the specified period compared to 8 months of 2014 affected VUSO, which rose from the fifth position to one step higher, and INGO, which took its place.
In the market of compulsory motor third party liability insurance, the top five leaders in terms of collected premiums have not changed and, following the results of nine months, the leaders are TAS IG – UAH 1.049 billion, Oranta – UAH 1.004 billion, Knyazha VIG – UAH 764.9 million, PZU – UAH 462.2 million and VUSO – UAH 328.2 million.
Similarly, the situation in the Green Card market has not changed in the comparable periods, where the top 5 companies are still TAS – UAH 1.025 billion, USG – UAH 553.7 million, Knyazha VIG – UAH 475.5 million, PZU – UAH 411 million and Oranta – UAH 328.2 million.
The situation is similar in the hull insurance market: as before, it is led by ARKS Insurance Company (UAH 1.737 billion), Arsenal Insurance (UAH 1.416 billion), Unica (UAH 826.7 million), VUSO (UAH 720.4 million) and USG (UAH 647.2 million).
The leadership in voluntary health insurance is also held by the former top five: IC “Unika” – UAH 1.193 billion, followed by IC “Universalna” – UAH 615.8 million, IC “VUSO” – UAH 603.2 million, IC “INGO” – UAH 525.4 million, SG “TAS” – UAH 405.7 million.
As reported, as of November 1, 2024, 58 risk insurers operated in the Ukrainian insurance market, 11 specializing in life insurance, and one with a special status (Export Credit Agency, ECA).
