Insurance companies of Ukraine in 9M2022 generated $775 mn of gross insurance premiums and $260 mn insurance clames, which is respectively 25.5% and 29% less than 9M 2021.
Non-life Ukrainian insurers received $680 mn premiums. The assets of UA insurers rose to $2 bn. Insurers’ assets grew in Q3 2022 despite the decrease in the number of companies on the market. At the same time, volumes of gross insurance premiums and claims paid on non-life insurance declined in quarterly terms by 10% and 14% respectively.
Total number of insurance companies in Ukraine in the Q3 2022 did not change – 137, of which 124 are non-life insurers.
TOP-30 Non-Life Insurers in Ukraine by net premiums earned in 9М2022 (thousand $)
| № | Insurers | Net Premiums Earned | Insurance Premiums Written | Insurance Claims | Assets |
|---|---|---|---|---|---|
| 1 | ARX | 60 373 | 53 044 | 21 021 | 124 537 |
| 2 | UNIQA | 49 131 | 52 143 | 26 574 | 87 946 |
| 3 | TAS IG | 45 671 | 46 619 | 18 310 | 76 857 |
| 4 | USG | 37 726 | 61 520 | 14 798 | 115 967 |
| 5 | ARSENAL INSURANCE | 34 077 | 30 454 | 14 139 | 56 321 |
| 6 | INGO | 29 523 | 32 745 | 13 239 | 74 447 |
| 7 | VUSO | 24 637 | 30 518 | 8 790 | 28 038 |
| 8 | ALFA INSURANCE | 23 017 | 19 494 | 7 004 | 28 227 |
| 9 | PZU UKRAINE | 22 574 | 25 087 | 11 603 | 67 375 |
| 10 | UNIVERSALNA | 22 155 | 25 635 | 6 520 | 45 876 |
| 11 | ORANTA | 21 633 | 23 001 | 8 022 | 33 233 |
| 12 | PROVIDNA | 19 911 | 19 883 | 10 077 | 27 634 |
| 13 | KNYAZHA VIG | 15 899 | 23 489 | 7 734 | 47 651 |
| 14 | GARDIAN | 14 501 | 17 054 | 3 031 | 17 776 |
| 15 | UPSK | 11 974 | 9 730 | 3 693 | 16 798 |
| 16 | EXPRESS INSURANCE | 11 288 | 8 220 | 4 415 | 16 458 |
| 17 | KRAYINA | 10 673 | 10 462 | 4 948 | 9 840 |
| 18 | PERSHA | 8 292 | 11 002 | 4 445 | 23 433 |
| 19 | EUROINS UKRAINE | 7 966 | 9 055 | 3 612 | 25 349 |
| 20 | CREDO | 7 556 | 10 800 | 3 468 | 15 913 |
| 21 | COLONNADE UKRAINE | 6 924 | 7 376 | 2 180 | 17 646 |
| 22 | ALFA-GARANT | 6 507 | 6 516 | 2 250 | 7 829 |
| 23 | OBERIG | 5 372 | 5 703 | 2 325 | 7 453 |
| 24 | VIDI-INSURANCE | 5 133 | 4 240 | 2 111 | 6 248 |
| 25 | BROKBIZINES | 5 111 | 5 018 | 1 294 | 8 003 |
| 26 | ETALON | 5 016 | 5 159 | 2 082 | 7 946 |
| 27 | PROSTO-INSURANCE | 4 885 | 4 345 | 1 584 | 15 540 |
| 28 | ETS | 4 731 | 3 539 | 2 009 | 7 797 |
| 29 | UTICO | 4 535 | 5 680 | 1 412 | 8 556 |
| 30 | EKTA | 3 708 | 3 426 | 257 | 3 753 |
Source: Beinsure by NBU data
Over 40% of the market premium portfolio is traditionally occupied by motor insurance (MTPL, Motor Hull and Green Card summed). During the period of military aggression, the share of these types of insurance in the portfolio increased. The Green Card segment became the insurance business support driver, while the other segments recorded a drop in volumes.
