Market Report, "Ukraine Insurance Report Q3 2016", published

From: Fast Market Research, Inc.
Published: Mon Jun 13 2016

The outlook for the insurance market in Ukraine is mixed at present. While higher rates of h ousehold consumption and industrial production will bring GDP growth back to positive territory in 2016 and 2017 , stimulating growth in a number of insurance lines, our forecasts for growth remain tentative in light of ongoing political uncertainty in the country. We also note that the country's high rate of inflation is distorting growth rates and the devaluation of the hryvnia continues to place pressure on the market. There is potential for more positive growth in the long term, supported by a large population which will see gradually improving rates of household income and a more mature insurance market which will offer a greater range of products , but at present investor interest in Ukraine will likely remain subdued.

Key Updates And Forecasts

There have been some positive developments in the Ukrainian economy. In April 2016 Japan announced it had launched a USD269mn credit line for insurance of Ukraine's exports and imports to support the country's recovery - though this reflects the limited capacity of the domestic insurance market.

Full Report Details at

Overall we expect the non-life market to see growth of 7.2% annually over the forecast period between 2016 and 2020, when measured in local currency terms. In the short-term the market will be impacted by currency movements with premiums falling in US dollar terms in 2016 and 2017.

Growth rates will be higher in the small life insurance sector, though to a large extent this growth is being distorted by high rates of inflation. The life market will remain small, with penetration rates limited at around 0.2% of GDP and density rates low at less than USD10 per capita.

The Ukraine Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Ukraine Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Ukrainian insurance industry.

Key Benefits
Benchmark BMI's independent insurance industry forecasts for Ukraine to test other views - a key input for successful budgeting and strategic business planning in Ukraine's insurance market.
Target business opportunities and risks in Ukraine through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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