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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
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