The Insurance Industry in Ukraine, Key Trends and Opportunities to 2020

Published: Oct, 2016 | Pages: 143 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'The Insurance Industry in Ukraine, Key Trends and Opportunities to 2020' report provides detailed analysis of Ukrainian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also gives a comprehensive overview of Ukrainian economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural and man-made hazards on the insurance industry.
Summary
Timetric's The Insurance Industry in Ukraine, Key Trends and Opportunities to 2020 report provides in-depth market analysis, information and insights into Ukrainian insurance industry, including:

• An overview of Ukrainian insurance industry.

• The Ukrainian insurance industry's growth prospects by segment and category.

• A comprehensive overview of Ukrainian economy and demographics.

• The detailed competitive landscape in the Ukrainian insurance industry.

• Overview of distribution channels in the Ukrainian insurance industry.

• Details of regulatory policy applicable to the Ukrainian insurance industry.

• An analysis of natural hazards and its impact on the Ukrainian insurance industry.
Scope
This report provides a comprehensive analysis of the insurance industry in Ukraine:

• It provides historical values for Ukrainian insurance industry for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

• It offers a detailed analysis of the key segments in Ukrainian insurance industry, with market forecasts to 2020.

• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

• It profiles the top insurance companies in Ukraine, and highlights their recent developments.

• It covers the economy and demographics structure of Ukraine.

• It analyzes the impact of natural hazards in Ukrainian insurance industry.
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to Ukrainian insurance industry and each segment and category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities.

• Assess the industry's competitive dynamics.

• Identify growth opportunities and market dynamics across key segments.

• Gain critical insights into key regulations governing the industry and their impact on insurers.
Key Highlights
• Despite a difficult operating environment, the life segment registered a double-digit premium growth during the review period.

• Most customers trusted larger insurance companies during the review period, due to their sound technical and financial capabilities.

• The Ukrainian government has worked closely with the International Finance Corporation to promote agriculture insurance in the country.

• Health insurance accounted for 81.8% of the personal accident and health gross written premium in 2015.

• As internet and mobile penetration is increasing steadily due to diminishing costs and ease of accessibility, a greater number of insurers are expected to sell insurance products via online platforms.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Regional Comparison
4.2 Industry Indicators
4.2.1 Gross written premium
4.2.2 Claims
4.2.3 Assets and investments
5 Life Insurance Outlook
6 Non-Life Insurance Outlook
6.1 Property Insurance
6.1.1 Gross written premium
6.1.2 Penetration
6.1.3 Claims
6.1.4 Profitability
6.2 Motor Insurance
6.2.1 Gross written premium
6.2.2 Penetration
6.2.3 Claims
6.2.4 Profitability
6.3 Liability Insurance
6.3.1 Gross written premium
6.3.2 Penetration
6.3.3 Claims
6.3.4 Profitability
6.4 Marine, Aviation and Transit Insurance
6.4.1 Gross written premium
6.4.2 Penetration
6.4.3 Claims
6.4.4 Profitability
7 Personal Accident and Health Insurance Outlook
7.1 Personal Accident Insurance
7.1.1 Gross written premium
7.1.2 Penetration
7.1.3 Claims
7.1.4 Profitability
7.2 Health Insurance
7.2.1 Gross written premium
7.2.2 Penetration
7.2.3 Claims
7.2.4 Profitability
8 Reinsurance Outlook
8.1 Premium Ceded
9 Distribution Channel Outlook
10 Natural Hazards
10.1 Floods and Storms
10.2 Extreme Temperature
10.3 Drought
10.4 Exposure
11 Competitive Landscape
11.1 Company Profiles
11.1.1 Uniqa Ukraine - company overview
11.1.2 Ukrainian Insurance Group PJSC - company overview
11.1.3 Oranta National JSC - company overview
11.1.4 Providna - company overview
11.1.5 PZU Ukraine Insurance Company - company overview
12 Governance, Risk and Compliance
12.1 Legislation Overview and Historical Evolution
12.2 Latest Changes in Regulation
12.3 Legislation and Market Practice by Type of Insurance
12.3.1 Life insurance
12.3.2 Property insurance
12.3.3 Motor insurance
12.3.4 Liability insurance
12.3.5 Marine, aviation and transit insurance
12.3.6 Personal accident and health insurance
12.4 Compulsory Insurance
12.4.1 Motor third-party civil liability insurance
12.4.2 Workers' compensation
12.4.3 State pension insurance
12.4.4 Expatriate health insurance
12.4.5 Liability insurance for business entities for damage caused by fire and high-risk accidents
12.5 Supervision and Control
12.5.1 International Association of Insurance Supervisors
12.5.2 State Commission for Regulation of Financial Services
12.6 Non-Admitted Insurance Regulation
12.6.1 Overview
12.6.2 Intermediaries
12.6.3 Market practices
12.6.4 Fines and Penalties
12.7 Company Registration and Operations
12.7.1 Type of insurance organization
12.7.2 Establishing a local company
12.7.3 Foreign ownership
12.7.4 Types of license
12.7.5 Capital requirements
12.7.6 Solvency margin
12.7.7 Reserve requirements
12.7.8 Investment regulations
12.7.9 Statutory return requirements
12.7.10 Fee structure
12.8 Taxation
12.8.1 Insurance premium or policy taxation
12.8.2 Withholding taxes on premium paid overseas
12.8.3 Corporate tax
12.8.4 VAT
12.8.5 Captives
12.9 Legal System
12.9.1 Introduction
12.9.2 Access to court
12.9.3 Alternative dispute resolution (ADR)
13 Databook
13.1 Life Insurance
13.1.1 Policies and premium
13.1.2 Claims and expenses
13.1.3 Assets and investments
13.1.4 Individual life insurance
13.1.5 Individual life insurance by product
13.2 Non-Life Insurance
13.2.1 Policies and premium
13.2.2 Claims and expenses
13.2.3 Assets and investments
13.2.4 Property insurance
13.2.5 Property insurance by product
13.2.6 Motor insurance
13.2.7 Motor insurance by product
13.2.8 Liability insurance
13.2.9 Marine, aviation and transit insurance
13.3 Personal Accident and Health Insurance
13.3.1 Policies and premium
13.3.2 Claims and expenses
13.3.3 Assets and investments
13.3.4 Personal accident insurance
13.3.5 Health insurance
14 Definitions and Methodology
14.1 Definitions
14.2 Methodology
15 About Timetric
15.1 Contact Timetric
15.2 About Timetric
15.3 Timetric's Services
15.4 Disclaimer

List of Figures
Table 1: Ukrainian Insurance Industry - Key Facts, 2015
Table 2: Ukrainian Insurance Industry - Key Insurers, 2015
Table 3: Ukrainian Government Credit Ratings
Table 4: Ukrainian Insurance Industry - Gross Written Premium by Segment (UAH Billion), 2011-2015
Table 5: Ukrainian Insurance Industry - Gross Written Premium by Segment (UAH Billion), 2015-2020
Table 6: Ukrainian Insurance Industry - Density by Segment (UAH), 2011-2015
Table 7: Ukrainian Insurance Industry - Density by Segment (UAH), 2015-2020
Table 8: Ukrainian Insurance Industry - Paid Claims by Segment (UAH Billion), 2011-2015
Table 9: Ukrainian Insurance Industry - Paid Claims by Segment (UAH Billion), 2015-2020
Table 10: Ukrainian Insurance Industry - Total Assets by Segment (UAH Billion), 2011-2015
Table 11: Ukrainian Insurance Industry - Total Assets by Segment (UAH Billion), 2015-2020
Table 12: Ukrainian Insurance Industry - Life Insurance Investment Portfolio (UAH Billion), 2011-2015
Table 13: Ukrainian Insurance Industry - Life Insurance Investment Portfolio (UAH Billion), 2015-2020
Table 14: Ukrainian Insurance Industry - Non-Life Insurance Investment Portfolio (UAH Billion), 2011-2015
Table 15: Ukrainian Insurance Industry - Non-Life Insurance Investment Portfolio (UAH Billion), 2015-2020
Table 16: Ukrainian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (UAH Billion), 2011-2015
Table 17: Ukrainian Insurance Industry - Personal Accident and Health Insurance Investment Portfolio (UAH Billion), 2015-2020
Table 18: Ukrainian Life Insurance - Gross Written Premium (UAH Billion and US$ million), 2011-2015
Table 19: Ukrainian Life Insurance - Gross Written Premium (UAH Billion and US$ Million), 2015-2020
Table 20: Ukrainian Motor Insurance - Premium Charged for Green Card Insurers Going Abroad
Table 21: Ukrainian Property Insurance - Gross Written Premium (UAH Billion and US$ Billion), 2011-2015
Table 22: Ukrainian Property Insurance - Gross Written Premium (UAH Billion and US$ Million), 2015-2020
Table 23: Ukrainian Property Insurance - Paid Claims (UAH Billion and US$ Million), 2011-2015
Table 24: Ukrainian Property Insurance - Paid Claims (UAH Billion and US$ Million), 2015-2020
Table 25: Ukrainian Property Insurance - Loss Ratio (%), 2011-2015
Table 26: Ukrainian Property Insurance - Loss Ratio (%), 2015-2020
Table 27: Ukrainian Motor Insurance - Gross Written Premium (UAH Billion and US$ Million), 2011-2015
Table 28: Ukrainian Motor Insurance - Gross Written Premium (UAH Billion and US$ Million), 2015-2020
Table 29: Ukrainian Motor Insurance - Paid Claims (UAH Billion and US$ Million), 2011-2015
Table 30: Ukrainian Motor Insurance - Paid Claims (UAH Billion and US$ Million), 2015-2020
Table 31: Ukrainian Motor Insurance - Loss Ratio (%), 2011-2015
Table 32: Ukrainian Motor Insurance - Loss Ratio (%), 2015-2020
Table 33: Ukrainian Liability Insurance - Gross Written Premium (UAH Billion and US$ Million), 2011-2015
Table 34: Ukrainian Liability Insurance - Gross Written Premium (UAH Billion and US$ Million), 2015-2020
Table 35: Ukrainian Liability Insurance - Paid Claims (UAH Million and US$ Million), 2011-2015
Table 36: Ukrainian Liability Insurance - Paid Claims (UAH Million and US$ Million), 2015-2020
Table 37: Ukrainian Liability Insurance - Loss Ratio (%), 2011-2015
Table 38: Ukrainian Liability Insurance - Loss Ratio (%), 2015-2020
Table 39: Ukrainian Marine, Aviation and Transit Insurance - Gross Written Premium (UAH Billion and US$ Million), 2011-2015
Table 40: Ukrainian Marine, Aviation and Transit Insurance - Gross Written Premium (UAH Billion and US$ Billion), 2015-2020
Table 41: Ukrainian Marine, Aviation and Transit Insurance - Paid Claims (UAH Million and US$ Million), 2011-2015
Table 42: Ukrainian Marine, Aviation and Transit Insurance - Paid Claims (UAH Million and US$ Million), 2015-2020
Table 43: Ukrainian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
Table 44: Ukrainian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
Table 45: Ukrainian Personal Accident Insurance - Gross Written Premium (UAH Million and US$ Million), 2011-2015
Table 46: Ukrainian Personal Accident Insurance - Gross Written Premium (UAH Million and US$ Million), 2015-2020
Table 47: Ukrainian Personal Accident Insurance - Paid Claims (UAH Million and US$ Million), 2011-2015
Table 48: Ukrainian Personal Accident Insurance - Paid Claims (UAH Million and US$ Million), 2015-2020
Table 49: Ukrainian Personal Accident Insurance - Loss Ratio (%), 2011-2015
Table 50: Ukrainian Personal Accident Insurance - Loss Ratio (%), 2015-2020
Table 51: Ukrainian Health Insurance - Gross Written Premium (UAH Billion and US$ Million), 2011-2015
Table 52: Ukrainian Health Insurance - Gross Written Premium (UAH Billion and US$ Million), 2015-2020
Table 53: Ukrainian Health Insurance - Paid Claims (UAH Billion and US$ Million), 2011-2015
Table 54: Ukrainian Health Insurance - Paid Claims (UAH Billion and US$ Million), 2015-2020
Table 55: Ukrainian Health Insurance - Loss Ratio (%), 2011-2015
Table 56: Ukrainian Health Insurance - Loss Ratio (%), 2015-2020
Table 57: Ukrainian Reinsurance - Premium Ceded by Insurance Segment (UAH Billion), 2011-2015
Table 58: Ukrainian Reinsurance - Premium Ceded by Insurance Segment (UAH Billion), 2015-2020
Table 59: Ukrainian Annual Loss by Hazard
Table 60: Ukrainian Flood and Storm Incidents - Number of Deaths and Number of People Affected, 2005-2015
Table 61: Ukrainian Cold Wave Incidents - Number of Deaths and Number of People Affected, 2005-2015
Table 62: Ukrainian Insurance Industry - Key Insurers, 2015
Table 63: Uniqa Ukraine - Key Facts
Table 64: Ukrainian Insurance Group PJSC - Key Facts
Table 65: Oranta National JSC - Key Facts
Table 66: Providna - Key Facts
Table 67: PZU Ukraine Insurance Company - Key Facts
Table 68: Ukraine - Insurance Regulatory Framework Key Features
Table 69: Ukraine - Life Insurance Regulatory Framework
Table 70: Ukraine - Property Insurance Regulatory Framework
Table 71: Ukraine - Motor Insurance Regulatory Framework
Table 72: Ukraine - Liability Insurance Regulatory Framework
Table 73: Ukraine - Corporate Tax Rates for the Financial Year 2016
Table 74: Ukrainian Life Insurance - Policies and Premium, 2011-2015
Table 75: Ukrainian Life Insurance - Policies and Premium, 2015-2020
Table 76: Ukrainian Life Insurance - Claims and Expenses, 2011-2015
Table 77: Ukrainian Life Insurance - Claims and Expenses, 2015-2020
Table 78: Ukrainian Life Insurance - Assets and Investments, 2011-2015
Table 79: Ukrainian Life Insurance - Assets and Investments, 2015-2020
Table 80: Ukrainian Life Insurance - Individual Life Insurance, 2011-2015
Table 81: Ukrainian Life Insurance - Individual Life Insurance, 2015-2020
Table 82: Ukrainian Life Insurance - Individual Life Insurance by Product, 2011-2015
Table 83: Ukrainian Life Insurance - Individual Life Insurance by Product, 2015-2020
Table 84: Ukrainian Non-Life Insurance - Policies and Premium, 2011-2015
Table 85: Ukrainian Non-Life Insurance - Policies and Premium, 2015-2020
Table 86: Ukrainian Non-Life Insurance - Claims and Expenses, 2011-2015
Table 87: Ukrainian Non-Life Insurance - Claims and Expenses, 2015-2020
Table 88: Ukrainian Non-Life Insurance - Assets and Investments, 2011-2015
Table 89: Ukrainian Non-Life Insurance - Assets and Investments, 2015-2020
Table 90: Ukrainian Non-Life Insurance - Property Insurance, 2011-2015
Table 91: Ukrainian Non-Life Insurance - Property Insurance, 2015-2020
Table 92: Ukrainian Non-Life Insurance - Property Insurance by Product, 2011-2015
Table 93: Ukrainian Non-Life Insurance - Property Insurance by Product, 2015-2020
Table 94: Ukrainian Non-Life Insurance - Motor Insurance, 2011-2015
Table 95: Ukrainian Non-Life Insurance - Motor Insurance, 2015-2020
Table 96: Ukrainian Non-Life Insurance - Motor Insurance by Product, 2011-2015
Table 97: Ukrainian Non-Life Insurance - Motor Insurance by Product, 2015-2020
Table 98: Ukrainian Non-Life Insurance - Liability Insurance, 2011-2015
Table 99: Ukrainian Non-Life Insurance - Liability Insurance, 2015-2020
Table 100: Ukrainian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
Table 101: Ukrainian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
Table 102: Ukrainian Personal Accident and Health Insurance - Policies and Premium, 2011-2015
Table 103: Ukrainian Personal Accident and Health Insurance - Policies and Premium, 2015-2020
Table 104: Ukrainian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 105: Ukrainian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 106: Ukrainian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 107: Ukrainian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 108: Ukrainian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 109: Ukrainian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 110: Ukrainian Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 111: Ukrainian Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 112: Insurance Industry Definitions