In the conditions in which Ukraine lives due to the criminal actions of the terrorist state, insurers continue to work, remaining an outpost in insurance protection for Ukrainians.
According to the NBU’s review of the non-banking financial sector for the third quarter of 2022, the volume of risk insurance premiums increased by more than a third during the quarter, and claims paid – by 22% compared to the second quarter. NAIU Members consistently demonstrate a high level of insurance standards, maintaining and strengthening customer confidence. In total, 29 members of NAIU collected more than 72% of insurance premiums in the market and provided about 75% of all claims paid.
According to the open data of the NBU, 13 out of 19 members of the Association are among the top 20 insurers of the non-life segment in terms of gross premiums and 12 out of 19 members in terms of claims paid. At the same time, the first positions by premiums and claims paid are headed by 12 and 11 members respectively . Motor insurance* and health insurance remain the most widespread products of the insurance market. The non-life sector accumulates about 75% of the collected premiums for these types of insurance. At the same time, NAIU Members form more than 80% of premiums on the market for the insurance product “Insurance of road vehicles”, about 70% and 80% of gross premiums on the market for MTPL and “Green Card” respectively. In health insurance, NAIU Members collected about 75% of premiums on the market. In the life segment, NAIU Members consistently provide the lion’s share of premiums in the market, accounting for 95% of the total premiums collected and form the overwhelming share of claims paid, which is about 98%.
* Insurance of road vehicles, MTPL, “Green Card”
Sources of information: official data of the NBU and indicators of the “Project disclosure. Monitoring and analysis”.
