Business news from Ukraine

Business news from Ukraine

“Express Insurance” Increased Payouts by 56% in June

In June 2026, “Express Insurance” paid out 64.2 million UAH in insurance claims, which is 56.3% more than during the same period in 2025, according to the company’s website.

Under comprehensive auto insurance (CASCO) policies, customers were reimbursed 48.5 million UAH, which is 50.7% higher than in June 2025. At the same time, the number of settled insurance claims under CASCO policies decreased by 13.7%.
The company notes that in June it observed a trend toward a significant increase in the average insurance payout, reflecting the continued rise in the cost of vehicle repairs. Specifically, the average cost of settling a single insurance claim under CASCO policies rose by 74.6% compared to June of last year.

Payouts under MTPL policies showed significant growth: in June 2026, they totaled 15.2 million UAH—78.6% more than during the same period last year.
Unlike CASCO, the growth in payouts in this segment was driven by a 16.7% increase in the number of settled claims, as well as a higher average cost of compensation paid to victims (+53.1%).

For other types of insurance, clients received 546.2 thousand UAH in payouts, which is 34.1% more than in June of last year.
Express Insurance was founded in 2008. It is part of the UkrAVTO group of companies. It specializes in auto insurance.

The company has over 300 insurance agents throughout Ukraine and is actively expanding its network of partner auto service centers.

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Arsenal Insurance will provide voluntary medical insurance coverage for 32 million UAH to Sens Bank employees

On June 26, Sens Bank JSC announced its intention to enter into a voluntary medical insurance contract with Arsenal Insurance Company for 3,800 employees, according to the Prozorro electronic procurement system.

It is noted that Arsenal Insurance’s bid amounted to 34.175 million UAH, while the expected cost of services was 44.893 million UAH.

Other insurance companies participating in the tender include VUSO (33.506 million UAH), Kraina (37.878 million UAH), and TAS Insurance Group (44.312 million UAH).

As previously reported, “Arsenal Insurance” was the winner of a similar tender in 2024.

 

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Insurance market collected nearly 1 bln UAH in premiums for war risks

The private insurance market collected nearly 1 billion UAH in premiums for products covering war risks in January–March 2026, said Serhiy Nikolaychuk, First Deputy Governor of the National Bank of Ukraine (NBU), at a press briefing on Monday dedicated to the presentation of the Financial Stability Report.

He emphasized that most of these premiums were for comprehensive auto insurance (CASCO), but there are also offerings for businesses, and the government has already launched a mechanism to compensate for losses in high-risk areas and to reimburse insurance premiums in other areas.

As noted in the Report, citing data from the National Association of Insurers of Ukraine, in the first quarter of 2026, premiums collected under risk insurance policies covering war risks accounted for 11% of all risk insurance premiums collected, exceeding the total for the entire previous year.

“Previously, we talked a lot about how to create a war risk insurance system almost from scratch. Now, in fact, we are talking about scaling up existing areas and projects, and in this report—and in general—we are highlighting that the range of war insurance products is constantly expanding,” explained the first chairman of the NBU.

According to him, the NBU sees significant potential in the further development of and increased cooperation with international reinsurers, as well as with international financial institutions operating in this market.

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Top five players in Ukraine’s insurance market by premiums for January–May 2026 have been determined

TAS Insurance Group once again became the leader of Ukraine’s insurance market in terms of premiums collected in January–May 2026, with a figure of 3.154 billion UAH (compared to 2.736 billion UAH for January–May 2025), according to data from the “PRIMA” information exchange project of the National Association of Insurers of Ukraine (NASU).

Compared to the same period a year earlier, ARKS Insurance Company retained second place among the market’s top five leaders with 2.546 billion UAH (2.254 billion UAH), with third and fourth places taken by ING Insurance Company—2.469 billion UAH (1.895 billion UAH) and Unica Insurance Company—2.434 billion UAH (1.977 billion UAH), which swapped positions. Meanwhile, VUSO Insurance Company dropped out of the top five, giving way to Arsenal Insurance Company with 2.391 млрд грн.

The top five companies in the mandatory motor vehicle liability insurance market, based on premiums written over the first five months of this year, included TAS Insurance Group—1.715 billion UAH (last year’s figure: 1.424 billion UAH), “Oranta”—1.308 billion UAH (1.272 billion UAH), “Knyazha VIG”—967.7 million UAH (926.5 million UAH), “Arsenal Insurance”—654.7 million UAH (previously not among the top 5 in compulsory motor third-party liability insurance), “INGO” – 510.1 million UAH (438.7 million UAH). Insurance Company ‘VUSO’ dropped out of the top 5 for MTPL.

There were minor shifts among the leaders in the “Green Card” market in terms of premiums collected during the specified period. It is led by PZU Ukraine Insurance Company – 527.4 million UAH (239.6 million UAH), which previously held third place, edging out TAS Insurance Group – 419.1 million UAH (529.5 million UAH), “USG”—278.7 million UAH (445 million UAH), which dropped from second to third place.
Insurance Company “Knyazha VIG,” with 156 million UAH (150.5 million UAH), remains in fourth place, while “VUSO” – 107.3 million UAH – has replaced Insurance Company “INGO.”

The ranking of Ukraine’s top 5 insurers for the first five months of 2026 was led by Insurance Company “Arsenal Insurance” with 1.233 billion UAH (949.2 million UAH for the first five months of 2025), swapping places with ARKS Insurance Company—1.224 billion UAH (1.074 billion UAH). Next are “Unica” Insurance Company—627.2 billion UAH (474.1 billion UAH), “VUSO” Insurance Company—617 million UAH (497.3 million UAH), which also swapped places, and “Universal” Insurance Company—557.2 million UAH (446.9 million UAH).

In the voluntary medical insurance (VMI) segment, as before, SK “UNIKA” leads with 1.017 billion UAH (934.9 million UAH), followed by SK “INGO” with 623 million UAH (465.3 million UAH), Insurance Company “Universal” – 507.6 million UAH (390 million UAH), Insurance Company “VUSO” – 492.3 million UAH (342.7 million UAH), and Insurance Company “ARKS” – 310.8 million UAH (278.8 million UAH), which have switched places.

As previously reported, as of May 1, 2026, there were 47 property and casualty insurers operating in the Ukrainian insurance market (52 as of the end of the first five months of 2025). Ten specialize in life insurance, and one has special status (“Export-Credit Agency”).

 

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TAS Insurance Group Increased Insurance Payouts by 74.1% in June

In June 2026, the TAS Insurance Group (Kyiv) paid out 343.5 thousand UAH under its insurance contracts, which is 74.1% more than during the same period in 2025.

According to the insurer’s website, 19.3% of total payouts were for comprehensive auto insurance (CASCO), or 66.4 million UAH (34.5% more than in May 2025); 49.1% were for mandatory third-party liability insurance (OSCPV), or 168.7 million UAH (2.1 times more); and “Green Card” insurance—15.9%, or 54.6 million UAH (+59.2%).

The share of voluntary medical insurance (VMI) in the company’s claims portfolio was 42.04 million UAH (+41%). Meanwhile, under property insurance policies, the company paid out 3.2 million UAH, which is 3.4 times more than the figure reported for May of last year.

Under other insurance policies, the company paid out 8.57 million UAH during the month—2.2 times more than last year.

TAS Insurance Group was registered in 1998. It is a universal insurer offering over 80 types of insurance products across various categories of voluntary and mandatory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

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“Ukrainian Fire and Insurance Company” plans to pay out 40 mln hryvnias in dividends

Shareholders of PJSC “Ukrainian Fire and Insurance Company” (Kyiv) plan to approve, at a meeting on July 13, 2026, the amount of annual dividends for common registered shares based on the company’s performance in 2025, totaling UAH 40 million.

As the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the decision to pay dividends was adopted by the annual remote general meeting of shareholders (minutes dated May 8, 2026).

The dividend payment is planned to be made in several installments (proportionally to all shareholders within a total 6-month period from the date of the decision).

The first installment (37.5% of the total amount): UAH 15 million by August 5, 2026; the second – UAH 15 million by October 13, 2026; the third installment – 25% of the total amount, or UAH 10 million, by November 7, 2026.

PJSC “UPSK” was registered in 1993. It specializes, in particular, in motor vehicle insurance, financial risk insurance, travel insurance, property insurance, cargo insurance, and baggage insurance.

According to the company, Oleksandr Mykhailov owns 99.999% of the insurer’s shares.

According to the NBU, the company ranks 16th among Ukraine’s non-life insurers in terms of premiums collected in 2025.

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