TOP-10 Largest Life Insurance Companies in Ukraine

Life Insurance companies of Ukraine in 3M2023 generated $28 mn of gross insurance premiums and $8 mn insurance clames, which is respectively 20% and 25% less than 3M2022.

Total number of life insurance companies in Ukraine in the Q2 2023 has decreased to 12 life insurers.

TOP-10 Life Insurers in Ukraine by insurance premiums (thousand $)

Life InsurersInsurance PremiumsInsurance claimsAssets
1METLIFE40 9676 631155 504
2TAS LIFE10 1233 577109 183
3UNIQA LIFE8 82384036 839
4GRAWE UKRAINE INSURANCE LIFE8 1842 801131 436
5PZU UKRAINE INSURANCE LIFE7 94494646 125
6ASKA-LIFE6 2431535 607
7ARX LIFE5 3571 0236 026
8FORTE LIFE1 7661968 846
9KNYAZHA LIFE1 15926419 312
10KD-LIFE1 00414410 878

Source: Beinsure by NBU data

The Ukrainian insurance market is working. The war has become a catalyst that showed the real situation of each insurer. Financially stable companies continue their activities and are being tested by the war.

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Fact-checked by Oleg Parashchak – Editor-in-Chief Beinsure Media, CEO Finance Media Holding