Page 33 - Turkinsurance Digital Magazine

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GDP - composition, by sector of origin Age structure in Ukraine

14,0% 16,30% 15,76% 0-14 years

15-24 years
9,86%
27,8% 13,80% 25-54 years
58,2%
55-64 years
65 years and over
44,29%

agriculture industry services

(92.6 percent of overall market premiums), while gross written
premiums produced by life insurers stood at 1.73 billion UAH According to the e-MTPL sale statistics broadcast by MTIBU,
(56.69 million EUR, 7.4 percent of overall premiums). Leader insurers have sold 31 thousand 155 electronic MTPL policies
of risk insurers was Uniqa with a share of 22.17 percent and a since 7 February to 31 July 2018. Share of e-MTPL which
growth rate of 5.26 percent, followed by CREMEN with a mar- was initiated as of 7 February 2018 currently stands lower than
ket share of 5.11 percent, and AXA Insurance with a share of 1 percent of overall MTPL sales. Total premiums produced by
4.22 percent. Market leader in terms of paid claims was AXA e-MTPL since its initiation has reached nearly 20.96 million
Insurance, its rate of claims paid standing at 50 percent. UNIQA UAH (672 thousand EUR). Among 40 MTPL insurance compa-
follows AXA as second and PZU Ukraine as third. Total amount nies, 29 of them have begun selling MTPL electronically.
of claims paid in the life segment increased by 46.8 percent,
reaching 90 million UAH (1.277 million EUR). Total amount of Formun AltıMost dynamic growths in the Ukrainian insurance
claims paid for individual customers grew by 25.2 percent, and market were reported in accident insurance with 61.13 percent
claims paid for corporate customers by 29.5 percent. increase and legal liability insurance with 38.33 percent.

Gross written premiums by Ukrainian life insurers grew by 39.2
percent over the same period of previous year, and their overall
premiums reached 1.73 billion UAH. 96 percent of life insur- GWP of Ukranian insurance market for 1H2018
ance premiums were gained from individual customers, while 4
percent came from corporate customers. MetLife was the market 7,40%
leader of life insurance in terms of gross written premiums with a
share of 25 percent, followed by Uniqa Life as the second largest
company in this segment.

Ukraine begins to sell electronic
traffic insurance
92,60%
Ukrainian insurance companies produced a total of 2.57 billion
UAH worth of MTPL premiums. Total claims paid in MTPL
branch increased by 15.2 percent and reached 1.23 billion UAH.
Number of green card contracts signed by MTIBU members grew
by 6.6 percent during the first 7 months, compared to the same Risk insurers Life insurers
period of previous year. Premiums in this segment increased by
24.9 percent up to 764.4 million UAH. Zeynep Tütüncü / zeynept@bestyayincilik.com