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Ukraine Insurance Report Q4 2017

Ukraine Insurance Report Q4 2017

BMI View:

The outlook for Ukraine's insurance market remains unsettled. While the market does offer substantial growth potential in light of the limited rates of coverage, particularly in the underdeveloped life sector, significant structural challenges will continue to deter investors and undermine this unrealised growth potential. Downside risks are substantial as the difficulty of maintaining a fragile economic recovery while the conflict in the east of the country escalates could derail currently positive expectations for GDP growth and average household income rates, eroding any possible increase in demand for life and non-life covers.

Key Updates And Forecasts

Some insurers are turning to new distribution partners in order to achieve growth. In August 2017 Kniazha Life VIG announced it was partnering with Free Life (Dnipro), a consultation company in the life insurance sector with an extensive client base in Ukraine.


BMI Industry View
Table: Headline Insurance Forecasts (Ukraine 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Ukraine 2014-2021)
Table: Life Claims (Ukraine 2010-2015)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Ukraine 2014-2021)
Table: Non-Life Claims (Ukraine 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Ukraine 2014-2021)
Insurance Risk/Reward Index
Emerging Europe Insurance Risk/Reward Index
Table: Emerging Europe Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Life Insurance Market Shares (USDmn), 2010-2016
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Insurance Market Shares (USDmn), 2013-2016
Company Profile
AXA Group
UNIQA Group
Vienna Insurance Group (VIG)
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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