Insurance Companies and Territorial Positioning in Ukraine’s Post-war Economic Development: A Comprehensive Historical Analysis, 2015–2019

This chapter presents an investigation into the competitiveness of Ukraine’s insurance companies during the period 2015–2019. It highlights the successful dominant market positions of companies, showcasing their resilience in the face of economic challenges. The research emphasizes the significance of different territorial characteristics and how they influence the management strategies adopted by insurance companies. Through a thorough examination of the historical dynamics of the Ukrainian insurance market, the study reveals a purification process that took place during the COVID-19 pandemic, resulting in the elimination of uncompetitive companies and the subsequent growth of powerful ones. The findings demonstrate that Kyiv and Kyiv region, along with Zaporizhia and Dnipropetrovsk regions, emerge as the leading regions in terms of collecting insurance premiums for risky types of insurance. Moreover, the research uncovers clear trends in the territorial distribution and concentration of risk insurance across the country. To gain deeper insights into the territorial features and positioning of insurance companies, tabular data is used to establish whether a significant correlation exists between the competitive position of insurance companies and their territorial placement. In conclusion, it is imperative for Ukraine’s post-war economic development to thoroughly consider the insurance market, recognizing it as a crucial component that stimulates positive economic dynamics and has the potential to bolster economic security and foster growth. By acknowledging the significant role of the insurance sector, policymakers can devise strategic plans that leverage its benefits to propel the country’s economic recovery and progress in a positive direction.