Ukraine Insurance Market Intelligence -- New Report by Koncept Analytics

April 29, 2010 - PRLog -- With the establishment of more liberal regulations on foreign participation in the insurance industry, Ukraine has welcomed a notable number of foreign-owned insurance companies in its insurance market. However, despite this growth in both domestic and foreign companies, the demand for insurance services remains low. The non-life business is still undeveloped and life insurance is virtually non-existent. The insurance industry  
consists of two segments, life and the non-life. The non-life segment accounts for a larger share of the market, as compared to the life segment, due to the increasing investment in voluntary property (motor & real estate) insurance. Apart from property, the health insurance has also boosted the growth of the non-life business in the country.

The growth registered in annual insurance premiums in the past few years is attributed to the expanding economy, increasing income, growing demand for non-life products due to increasing investment in health, real estate, and automobiles. The life insurance segment has been recording growth on account of the rising interest on the part of Ukrainians, as well as introduction of new marketing strategies by the insurers. The newly ratified law lays the foundations for a mandatory health insurance program in 2009. The market offers new growth opportunities on account of the low penetration of products and rising interest in insurance among the population, which would lead to introduction of new products as well as employment of new sales promotional strategies. The insurance market of Ukraine is highly fragmented with Oranta being the biggest insurer.

The report broadly includes the following

1. Industry Snapshot

1.1 Industry Structure
1.2 Market Overview

1.2.1 Market Size & Growth
1.2.2 Market Segments
1.2.3 Market Density & Penetration
1.2.4 Market Share

2. Industry Analysis

2.1 Industry Developments
2.2 Market Drivers

3. Country Analysis: Risk Assessment

4. Industry Outlook: Forecast and Projections

List of Tables

Income of Households & Average Monthly Wages (2002-2008)
Disposable Income (DI), DI Per Capita & Average Monthly DI Per Capita (2002 – 2008)
Household & Individual Final Consumption Expenditure (2002-2008)
Key Macroeconomic Indicators (2008 – 2013F)

List of Charts

Annual Premium – Ukraine Insurance Industry (2001-2008)
Annual Premium – Ukraine Insurance Industry (1H09 vs. 1H08)
Insurance Premium Share (%) by Segment (2008)
Insurance Premium by Segment (2001-2008)
Insurance Premium Share by Segment (1H09)
Ukraine Insurance Density (2001 – 2008)
Ukraine Insurance Penetration (2001 – 2008)
Ukraine: Major Life Insurer’s Market Share (2007 & 2008)
GDP Growth of Ukraine (2001 – 2008)
Ukraine: New Registration of Motor Vehicles & Cars (2001 – 2008)
Forecast: Ukraine Insurance Industry (2008A – 2012F)
Forecast: Ukraine Life & Non-Life Insurance Industry (2008A – 2012F)

For more details, please http://www.konceptanalytics.com/reportDetail.aspx?reportI...

To know more http://www.konceptanalytics.com/

# # #

Koncept Analytics, founded in 2005, works with the clients in developing an understanding of the various industries – segments and sub-segments, companies, competitors and suppliers.