Ukrainian insurance companies in January-September 2018 collected net premiums for the amount of UAH 25.389 billion, which is 22.1% more than a year ago, the national commission for financial service markets regulation has told Interfax-Ukraine.
Some UAH 8.713 billion was collected under car insurance policies (voluntary car insurance (KASKO), compulsory vehicle owners’ civil liability (OSAGO) and Green Card), which is 22% more than a year ago, UAH 2.451 billion under medical insurance policies (a rise of 21%), UAH 2.407 billion – property insurance (25.9% up), UAH 1.479 billion – fire and natural disaster risk insurance (33.2% up), UAH 1.321 billion – insurance of responsibility to third parties (25% up), UAH 1.251 billion – financial risk insurance (14% down), UAH 1.113 billion – cargo and luggage insurance (42.2% up), UAH 981 million – accident insurance (35.5% up), UAH 838.8 million – medical expenses insurance (32.2% up), UAH 371 million – loan insurance (66.3% up) and UAH 337.4 million – aviation insurance (37.7% down).
During the reporting period, insurance companies specializing in life insurance collected UAH 2.741 billion of net insurance premiums, which is 35.6% more than in January-September 2017, and paid out UAH 536.8 million of insurance claims (a rise of 29.8%).
According to the regulator, the volume of net insurance payments in January-September 2018 increased 18.3%, to UAH 8.467 billion.
Of these, the majority of payments fall on car insurance (KASKO, OSAGO, Green Card) – UAH 4.149 billion, which is 19.6% more than in the same period a year earlier, medical insurance – UAH 1.470 billion (22.9% up) financial risks insurance – UAH 1.050 billion (11.4% down), property insurance – UAH 397 million (2.1 times more), medical expenses insurance – UAH 222.8 million (a rise of 14.1%), fire and natural disasters risk insurance – UAH 170.8 million (4 times more), accident insurance – UAH 139 million (21.6% up), and loan insurance – UAH 63.5 million (a fall of 38.8%).
The regulator also said that reinsurance operations for the first nine months of the current year decreased 11.6%, to UAH 11.719 billion, including a 16.2% fall in nonresident reinsurance, to UAH 2.232 billion.
