New Financial Services market report from Business Monitor International: "Ukraine Insurance Report 2014"
Boston, MA -- (SBWIRE) -- 12/10/2013 -- The overall panorama of the insurance sector in Ukraine remains very uninspiring. In part because of underwriting of risks on non-commercial terms, prices and margins remain under downwards pressure in the highly fragmented non-life segment. Over the last year or so, nothing has changed to fundamentally improve a general business environment that remains challenging.
Nevertheless, it appears that non-life penetration is rising in 2013. If it turns out that this is the case, it represents a major change. In general, the trend in penetration has been resolutely downwards since 2005. For now, we tentatively assume that non-life penetration will continue to creep upwards through the forecast period.
View Full Report Details and Table of Contents
A part of the problem is the lack of profitability in the sector. Ukraine's insurance sector is open to competition from local subsidiaries of regional (like VIG, PZU, GRAWE, ERGO and UNIQA) or global (like AXA) multinationals. However, none of the Ukrainian operations have scale. Put another way, there is no obvious catalyst for wholesale consolidation in what remains an extremely fragmented competitive landscape.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Financial Services research reports at Fast Market Research
You may also be interested in these related reports:
- Bermuda Insurance Report 2014
- Latvia Insurance Report 2014
- Israel Insurance Report 2014
- Nigeria Insurance Report 2014
- Estonia Insurance Report 2014
- Pakistan Insurance Report 2014
- Turkey Insurance Report 2014
- Jordan & Lebanon Insurance Report 2014
- Serbia Insurance Report 2014
- Lithuania Insurance Report 2014
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)