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The insurance market grew by 31% — insurers are betting on agriculture and cars

The insurance market of Ukraine shows explosive growth: the volume of collected premiums reached a record level, despite the reduction in the number of players on the market.

Editorial team•
The insurance market grew by 31% — insurers are betting on agriculture and cars

According to the results of the first half of the year, the insurance market of Ukraine collected UAH 24.7 billion in insurance premiums - 31% more than in the same period last year.

The two most dynamic segments remain agricultural insurance and auto insurance. The first is growing due to the mandatory requirements of international creditors for agricultural financing, the second is due to the growth of the car fleet and the recovery of business activity.

Market concentration has increased: the ten largest insurers now control more than 78% of the market compared to 65% in 2021.