Ukraine
UKRAINE: NBU launches project for full Solvency II implementation in the insurance market
The National Bank of Ukraine (NBU) held its first meeting with insurers, industry associations, and the actuarial community as part of the "Solvency II Implementation in Ukraine" project. The project was launched on August 12, 2026, and the initial meeting with insurance market participants took place on September 18.
29 September 2026STATISTICS: UKRAINE, 1H2026: Paid claims rise 2.6 times faster than premiums
Ukraine's insurance market grew by 16.41% in the first half of 2026, reaching UAH 38.70 billion (EUR 756.41 million). Non-life insurance generated over 92% of the total. Paid claims increased by 43.32% to approximately UAH 17.42 billion (EUR 340.41 million), according to data from the National Bank of Ukraine (NBU).
8 September 2026UKRAINE: TAS Group ratings affirmed at uaAA+
The rating agency IBI-Rating has affirmed the TAS Group’s long-term credit rating on the national scale at uaAA+ with a stable outlook, Forinsurer reports. The agency also affirmed the Group’s financial strength rating at uaAA+ifr.
1 September 2026UKRAINE: Insurers' reserves for reported war-risk losses near UAH 1 billion in the first half of the year
In the first half of 2026, insurance companies paid out UAH 176.5 million in war-risk claims to clients, with the bulk of these payments occurring in the second quarter. Insurers paid out UAH 129.4 million during the April–June period, vs UAH 47.1 million in the first quarter, reports Forinsurer.
1 September 2026UKRAINE: From January to July, MTPL records a rise, while Green Card segment declines
In the first seven months of the year, insurers collected nearly UAH 14 billion (~EUR 0.28 billion) in MTPL, which is 10.5% more y-o-y. Worth noting that premiums from electronic contracts totaled UAH 13.97 billion, meaning the share of the electronic sales channel approached 100%, Forinsurer writes.
1 September 2026UKRAINE: GWP of the TAS Group rise 11.6% in the first half of the year
TAS Group, the leader in the Ukrainian non-life insurance market, collected UAH 3,857.1 million (~EUR 77.81 million) from January to June 2026, which is 11.6% more y-o-y, Forinsurer writes.
11 August 2026UKRAINE: Arsenal Insurance maintain its top spot in MoD market in the first half of 2026
Arsenal Insurance recorded strong growth across its key business lines and maintained high financial stability in the first half of 2026, Forinsurer reports.
11 August 2026UKRAINE: In 1H2026 MTPL market rises 7%, while Green Card market contracts by 1.52%
The Ukrainian MTPL market demonstrated positive dynamics across most key indicators in the first half of the year: GWP increased by 7% to UAH 11.74 billion (~EUR 0.24 billion), while paid claims rose by 95% to UAH 5.63 billion (~EUR 0.11 billion), Forinsurer writes, citing a report from the Motor Transport Insurance Bureau of Ukraine (MTIBU).
4 August 2026UKRAINE: After joining EU, insurance market could grow to 5-7% of GDP
According to forecasts from the National Bank of Ukraine (NBU), Ukraine's insurance market could increase its share of the economy from about 1% of GDP to 5-7% after the country's entry into the European Union, Forinsurer reports.
29 July 2026UKRAINE: TAS Group expands its business by 15% from January to May
TAS Group, the non-life leader in Ukraine, from January to May of this year collected UAH 3.15 billion (~EUR 61.45 million) in premiums, which is 15.3% more y-o-y, Forinsurer writes.
29 June 2026UKRAINE: 74% of all insurance assets are bank deposits and government securities
The structure of eligible assets of Ukrainian insurers, used to cover insurance reserves, in the first quarter of 2026 demonstrates a high concentration in the most liquid and regulatory-reliable instruments. According to Forinsurer estimation, the total volume of such assets reached UAH 84 billion (~EUR 1.67 billion).
22 June 2026UKRAINE: Positive result in life insurance comes from investment income, while the bulk of premiums in property insurance - from legal entities
According to the National Bank of Ukraine (NBU), in the first quarter of 2026, 10 life insurers increased their assets, insurance premiums, and significantly improved their financial results. At the same time, the revenue structure shows that investment activities remain the key source of profitability, while insurance activities remain less profitable, Forinsurer reports.
17 June 2026UKRAINE: Motor Hull and medical insurance among the largest and most dynamic market segments
Motor Hull in Ukraine remains one of the largest segments of the insurance market. In 1Q2026, insurers continued to expand Motor Hull, despite challenging vehicle operating conditions, rising repair costs, and a high frequency of losses. According to Insurance TOP, Motor Hull exceeded UAH 4 billion (EUR 83.39 million), Forinsurer reports.
17 June 2026Ukrainian insurers warn of broader economic impact of higher bank taxation
The Ukrainian insurance industry has voiced concerns over proposals to increase the corporate income tax on banks to 50%, warning that the measure could have negative consequences not only for the banking sector but for the country's entire financial ecosystem.
11 June 2026STATISTICS: UKRAINE, 1Q2026: Motor insurance is leading in both GWP and paid claims
Ukraine's insurance market grew by 17.56% to UAH 18.11 billion (EUR 360.04 million/+4.56%) in the first quarter of 2026. Non-life insurance generated almost 92% of this total. Total paid claims jumped by 46.02%, reaching UAH 8.47 billion (EUR 168.40 million/+29.86%), according to data from the National Bank of Ukraine (NBU).
8 June 2026UKRAINE: Number of complaints against insurers to NBU rises 40% in the first quarter
The National Bank of Ukraine (NBU) processed over 20,000 complaints from consumers of financial and insurance services in the first quarter of 2026. The regulator notes a significant increase in the number of complaints regarding performance of financial institutions, including insurers, Forinsurer writes.
2 June 2026UKRAINE: In January-April, MTPL grows by 16%, while sales of Green Card fall by 1%
In January-April 2026, insurance companies-members of the Motor Transport Insurance Bureau of Ukraine (MTIBU) increased MTPL GWP by 16% y-o-y, to UAH 7.39 billion or approximately EUR 164.3 million, Forinsurer reports.
28 May 2026UKRAINE: PZU acquires Ukrainian life insurance leader
Polish insurance company PZU SA has entered into an agreement to acquire MetLife, the Ukrainian life insurance market leader, from the American MetLife Global Holding Company. The transaction is subject to the necessary regulatory approvals and, according to the company, is expected to be completed in 2027, Forinsurer reports.
12 May 2026Ukraine seeks EUR 5 billion annual war risk cover for recovery efforts
Ukraine requires more than EUR 5 billion annually in war risk insurance to unlock private investment and support the country’s reconstruction efforts, according to Economy Minister Oleksiy Sobolev.
7 May 2026UKRAINE: TAS Group expands its business by 22.5% in 1Q2026
TAS Group, a leader in the non-life insurance market, collected UAH 1,798.63 million (~EUR 35.94 million) from January to March 2026, which is 22.5% more y-o-y, Forinsurer writes.
4 May 2026
