Market review · 2025
Premiums, claims paid and insurer rankings in non-life and life, based on NBU data and the PDMA information exchange.
NASU · Published 06.04.2026 · NBU and PDMA data
Non-life premiums
65.6
UAH bn
+41 % vs 2024
Non-life claims paid
24.7
UAH bn
+30 % vs 2024
Life premiums
6.2
UAH bn
+9.9 % vs 2024
Life claims paid
1.8
UAH bn
+28 % vs 2024
MTPL claims paid
+47.7
%
fastest growth
The results for 2025 highlight a remarkable surge in the Ukrainian non-life insurance market. Total gross written premiums (GWP) reached UAH 65.6 billion, representing a 41% increase compared to the previous year.
Motor Insurance: Remains the cornerstone of the market, accounting for 67.5% of the total volume. The MTPL (Motor Third-Party Liability) segment is particularly noteworthy, showing an extraordinary growth of +123%, with its share in the total portfolio reaching 35.1%.
Health Insurance: Firmly holds the second position with a market share of approximately 15.5%.
Market Concentration: The sector is characterized by high levels of consolidation. The TOP-10 insurers accumulate over 74% of all premiums. Notably, 9 out of the 10 leading companies are members of the National Association of Insurers of Ukraine (NASU).
The primary drivers of the market remain the NASU member companies, whose growth rates consistently outpace the market average. By collecting UAH 52 billion in premiums (+45.5%), the Association secured a 79.2% share of the entire non-life segment. An even higher concentration is observed within the PDMA project, which accounts for 86.3% of the market.
In 2025, the insurance sector demonstrated high social efficiency by significantly expanding the scope of real financial protection. Total insurance claims paid to clients reached UAH 24.7 billion, a 30% increase over the previous year.
Segment Driver: MTPL (Motor Third-Party Liability) showed the highest growth dynamics in payouts, increasing by +47.7%.
Payout Portfolio Structure:
Motor Insurance (CASCO, MTPL, Green Card) remains the dominant category, accounting for 67.9% of all claims paid.
Health Insurance provided payouts totaling UAH 10.2 billion.
Property Insurance holds a 5.7% share of the structure (UAH 1.4 billion).
The market core remains stable and reliable. NASU member companies accounted for 78% of all payouts in the country (UAH 19.2 billion). Notably, in 2025, all companies in the TOP-10 by payout volume (which collectively generate 75% of the market total) are members of the Association.
Furthermore, the share of PDMA project participants in total payouts reached 85%.
By the end of 2025, MTPL (Motor Third-Party Liability) has finally solidified its status as a key driver, accounting for 35% of the entire market. Premium volumes in this segment more than doubled (+122%):
The average policy cost reached UAH 3,313. This was a forced reaction to the sharp rise in repair costs – the average loss for 2025 amounted to UAH 45,050.
The upward trend in costs is only intensifying. As of the end of February 2026, the average payout increased to UAH 57,556.
The combined operating ratio decreased to 102.4%. This indicates that the market is close to an equilibrium point in the search for a “fair price” against the backdrop of a rapid increase in insurance payout amounts.
Traditional sales remain a priority – 57% of policies were sold through agency networks, while online aggregators crossed the 15% mark for MTPL.
In other lines of business, a “cautious” positive recovery is observed:
Travel Insurance. Premiums grew to UAH 1.8 billion (+67%), indicating an uptick in foreign travel; however, the combined operating ratio is still too high at 100.7%.
Health Insurance. With payouts exceeding UAH 5.6 billion, the segment demonstrates a “traditional” loss ratio of 70.6%.
Property Risks. Payouts increased by 83% (primarily due to war risk coverage). Despite the line’s unprofitability (combined operating ratio of 111%), insurers continue to provide property protection against the consequences of war. (excluding an anomalous outlier – a large loss of a single insurer)
From MTPL premiums alone, UAH 622.5 million was paid to the budget (+95% compared to 2024) in insurance income tax (3% tax) (this is more than a third of all industry tax revenues under the 3% rate).
Only 7 out of 47 non-life insurers recorded a net loss based on the 2025 results. The net profit of the non-life market amounted to UAH 4.9 billion.
The life insurance segment demonstrates a reserved but steady upward dynamic. Based on the results of 2025, companies accumulated UAH 6.2 billion in insurance premiums, which is 9.9% higher than the previous year’s figure (including health insurance).
The Life insurance market remains highly consolidated around NASU members. Members of the Association control 92% of the segment, having collected over UAH 5.7 billion, while PDMA participants account for 97%.
An important trend has been the expansion of the product line of life insurers. In particular, the health component has already generated UAH 240.4 million in premiums (3.8% of the total volume). Although this share is still small, it indicates an active market transformation and the introduction of new classes of insurance.
*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 (Key performance indicators of insurers (by institution)) 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.
Share:
Compare with the 2024 review · all market reviews
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.
Read →
Read →
Read →
Read →