Ukraine Insurance Q1 2019
As with all other sectors of the Ukrainian economy, the insurance industry in the country continues to face significantdevelopmental challenges. Average income rates remain low, limiting affordability for many households, and a large shadoweconomy continues to exclude a significant proportion of the consumer base from any group based covers. While GDP has returnedto growth, average consumer price inflation rates are still high, eroding growth in real terms. Ukraine's large population and thepresence of a diverse competitive landscape in the non-life sector does however present significant growth potential, albeit on ahigh risk basis.
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