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  4. > Ukraine Insurance Report Q4 2016

Ukraine Insurance Report Q4 2016

  • August 2016
  • -
  • Business Monitor International
  • -
  • 51 pages

Includes 3 FREE quarterly updates



BMI View: The growth outlook for the insurance market in Ukraine is heavily dependent upon a morestable and positive economic and political trajectory for the country. High rates of inflation and currencymovements are distorting growth rates at present, with the devaluation of the hryvnia an ongoing challengefor the insurance sector. While market fundamentals are positive, including a relatively large populationwhich is expected to see long-term gains in household income and consumption rates, overall the Ukrainianinsurance market remains relatively unattractive to investors.Key Updates And Forecasts

- Under conditions to release much-needed financing from the International Monetary Fund, Ukraine willneed to embark on further wide-reaching pension reforms, building on the partial reform enacted in early2016, which will likely include raising the retirement age and adjusting benefit calculations.

- Life insurance premiums are expected to grow over the forecast period. However, growth rates are beingdistorted by the high rate of inflation in the country. Premiums are expected to rise by 28.4% in localcurrency terms in 2016, with further double-digit growth through to 2020.

- The non-life sector will see more sedate growth, with premiums rising by single digits when measured inlocal currency terms, between 2016 and 2020. Currency movements do mean a further contraction inpremiums is expected in 2016, when measured in US dollar terms, leaving non-life premiums at around athird of the levels seen in 2012.

Table Of Contents

Ukraine Insurance Report Q4 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Ukraine 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 7
Life Premiums Forecast 7
Table: Life Premiums (Ukraine 2013-2020) 10
Table: Life Insurance Claims (Ukraine 2008-2014) 10
Non-Life Premiums Forecast 11
Table: Non-Life Premiums (Ukraine 2013-2020) 14
Table: Non-Life Insurance Claims (Ukraine 2009-2014) 14
Non-Life Sub-Sector Forecast 15
Table: Non-Life Insurance Premiums By Product Line (Ukraine 2013-2020) 24
Insurance Risk/Reward Index 25
Emerging Europe Risk/Reward Index 25
Table: Emerging Europe Insurance Risk/Reward Index - Q416 26
Market Overview 27
Life Market Overview 27
The Product Offering 27
The Competitive Landscape 27
Table: Life Market Shares (USDmn), 2010-2013 29
Non-Life Market Overview 31
The Product Offering 31
The Competitive Landscape 31
Table: Non-Life Market Shares (USDmn), 2010-2013 33
Company Profile 35
AXA Group 35
UNIQA Group 38
Vienna Insurance Group (VIG) 41
Methodology 45
Industry Forecast Methodology 45
Risk/Reward Index Methodology 48
Table: Indicators 50
Table: Weighting of Indicators 51

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