Ukraine Insurance Report - Business Monitor International - Industry Reports

Ukraine Insurance Report

Ukraine Insurance Report - Business Monitor International - Industry Reports
Ukraine Insurance Report
Published Aug 20, 2016
51 pages — Published Aug 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

There has been very little uptake of traditional life products in Ukraine and the life segment accounts for around one tenth of all premiums written in Ukraine s overall insurance sector. These metrics suggest to us that the segment continues to be overshadowed by the absence of rule of law, as well as the past volatility in Ukraine s financial system. Ukrainian households and businesses lack the confidence to enter into long-term life insurance contracts. Inflation has distorted growth rates, and at present we expect life insurance premiums to grow by a rate of --.- annually over the forecast period, from ---- to ----, in local currency terms, with slower growth expected in US dollar terms. We therefore expect to see life premiums of UAH-.-bn (USD---mn) in ----, up from UAH-.-bn (USD---mn) in ----. ...The gradual improvement in household income rates is a key positive sign for the life insurance sector. The recent recession, which followed a lengthy period of economic uncertainty and decline, had a

...The non-life insurance segment will remain the larger of the two markets we monitor by a clear distance and will continue to account for more than -- of premiums written in Ukraine over the forecast period. However, the dominance of non-life firms over life insurers is slipping as sluggish growth in motor vehicle, property and other major lines undermines the wider growth of the market. ...The non-life insurance segment will remain the larger of the two markets we monitor by a clear distance and will continue to account for more than -- of premiums written in Ukraine over the forecast period. However, the dominance of non-life firms over life insurers is slipping as sluggish growth in motor vehicle, property and other major lines undermines the wider growth of the market. By ----, non-life covers will comprise --.- of total insurance sales, down from --.- in ----. ...Due to sluggish growth in underwriting activity, we expect the relative value of these premiums to have more than halved to just -.- in ----. Over the longer term, the lack of significant penetration indicates that there is potential for the Ukrainian non-life market to grow rapidly from a low base; however, this would require the development of a much improved investment and operational environment.

...Over the longer term, Ukraine offers some growth potential in the life sector. The country has one of the largest populations in the region, and a return to economic growth along with a relatively young population indicates opportunities for growth of traditional life products. ...

  
Source:
Document ID
1752-8402
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Ukraine Insurance Report" Aug 20, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ukraine-Insurance-Report-2026-712>
  
APA:
Business Monitor International - Industry Reports. (2016). Ukraine Insurance Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ukraine-Insurance-Report-2026-712>
  
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