Ukrainian market shows signs of strong recovery
Profitability in the Ukrainian non-life insurance sector has recovered strongly in recent years but standards of regulation and financial reporting continue to act as a drag on ratings, according to Fitch’s market update.
The Ukrainian insurance market is highly fragmented with more than 350 insurers but only $2.5bn of gross written premiums in 2012. Profits rebounded to $740m in 2012 from an overall market loss of
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