Market review · H1 2025
Premiums, claims paid and insurer rankings in non-life and life, based on NBU data and the PDMA information exchange.
NASU · Published 01.09.2025 · NBU and PDMA data
Non-life premiums
30.4
UAH bn
+42 % vs H1 2024
Non-life claims paid
11.2
UAH bn
+22 % vs H1 2024
Life premiums
2.8
UAH bn
+4 % vs H1 2024
Life claims paid
817
UAH m
+27 % vs H1 2024
MTPL premiums
+122
%
largest increase
The market demonstrates rapid growth. The total volume of insurance premiums exceeded UAH 30 billion, which is 42% more compared to the same period in 2024.
NASU members are growing faster than the market. NASU members’ premiums amounted to UAH 23.5 billion, showing a 49% increase, which significantly outpaces the market average.
The market structure remains stable. Motor insurance (MTPL, Green Card, Motor CASCO) accounts for 65.5% of the market, while medical insurance makes up about 16%.
NASU members dominate in key segments. Their share in motor insurance reached 77%, and in medical insurance — 82%.
High market concentration. The TOP-10 insurers account for over 73% of all premiums, and all companies in this top ten are NASU members.
The market demonstrates significant growth in insurance payouts. In the first half of 2025, non-life insurers paid out UAH 11.2 billion, which is 22% more than in the same period of 2024.
NASU members are key players in the payout market. Association members account for over 76% (almost UAH 9 billion) of the total payouts, with their payout growth rate (27%) outpacing the market average.
The structure of the insurance portfolio remains unchanged. The dominant segments in payouts are motor insurance (MTPL, Green Card, Motor CASCO), which accounts for UAH 7.5 billion (66.6%), and medical insurance with UAH 2.8 billion (25.3%).
High level of market concentration. The TOP-10 insurers provide nearly 75% of all payouts, indicating a significant market share concentrated in the hands of the largest companies. At the same time, 9 out of the top 10 leaders are NASU members.
MTPL remains the key market driver. This type of insurance accounts for one-third (33.3%) of the entire non-life portfolio and shows a significant premium increase of 122%.
The cost and payouts of MTPL are rising sharply. The average premium increased to UAH 3,047, while the average payout approached UAH 40,000, and in June already exceeded UAH 43,000.
Digitalization in motor insurance is accelerating. The share of sales through online aggregators continues to grow and has already reached 11%, indicating a change in consumer habits.
The travel insurance market is actively recovering. Premium growth of 87% compared to last year is a clear indicator of the revival of international tourism.
Medical insurance demonstrates rising payouts and improved efficiency. The volume of payouts exceeded UAH 2.8 billion due to the rising cost of medical services and medicines; however, the segment’s loss ratio is decreasing and currently stands at 72%.
The life insurance market demonstrates moderate growth. The total volume of premiums amounted to UAH 2.8 billion, which is almost 4% more than in the same period last year.
NASU members are the absolute market leaders. Association members account for 92% of all collected premiums, totaling UAH 2.5 billion.
The medical insurance segment within life insurance remains niche. Premiums in classes 1 and 2 (medical insurance) amounted to UAH 61.5 million, which represents only a minor share of the total volume.
Life insurers paid out UAH 817.5 million to clients in the first six months of 2025.
NASU members account for the overwhelming share of payouts. Association members represent 95% of all market payouts, totaling UAH 779 million.
Medical insurance takes a minimal share of payouts. Out of the total amount, just over UAH 18 million was paid in this segment, underlining its niche character within life products.
The market demonstrates financial stability and asset growth. Admissible assets of life insurers increased by 22.5% compared to the same period in 2024, indicating the sector’s strengthening.
The total amount of payouts in the first half of the year reached UAH 817.5 million, confirming the fulfillment of obligations to policyholders.
NASU members ensure the absolute majority of payouts. Association members account for 95% of all market payouts, totaling UAH 779 million.
The market remains highly concentrated. The share of a single largest insurer exceeds 50%, pointing to the dominance of a key player.
Medical insurance remains a narrow niche. The volume of collected premiums amounted to UAH 61.5 million (generated by only 3 companies), which is insignificant compared to the overall market figures, highlighting the early stage of development of this line among life insurers.
*Health insurance – the sum of the business lines “Health (excluding medical insurance)” and “Health (medical insurance).”
The market review has been prepared by NASU using data published by the National Bank of Ukraine and data from the PDMA information exchange.
The use of this market review or any of its parts, rankings (including their elements), and visualizations (including their elements) without reference to NASU is prohibited.
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The review reflects data as of the reporting date. Up-to-date premiums, claims paid and rankings by line of business are on the PDMA indicators page.
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