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International

Ukraine: Cargo insurance market grows nearly 80% in first half

September 20, 2013 Reprints

Ukraine's cargo insurance market expanded by 78% year on year in the first half of 2013 to 854.4 million Ukrainian hryvnias ($104 million), Forinsurer reported.

A total of 89,700 insurance contracts were signed during the period, representing a year-on-year increase of 190%. Risk ceded to reinsurance totaled around UAH 380 million, up nearly 500% year on year.

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Ukraine: Cargo insurance market grows nearly 80% in first half

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