Ukraine Insurance Q2 2020
The overall outlook for Ukraine's insurance industry has improved this quarter. New President Volodymyr Zelenskiy hasramped up market reforms, and Ukraine continues to cooperate with the IMF to ensure short-term fiscal stability, leading to strongGDP growth over recent quarters. As a result of improving economic growth, consumer sentiment and spending power is rising, andthis is stimulating strong demand in key lines within the non-life segment. Providers face a sharper uphill climb in theunderdeveloped life insurance segment where consumer trust in formal savings and investment channels, after years of volatility,remains very low.
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