Ukraine

MAI Ukraine is one of the most rapidly developing parts of the MAI CEE group, even though the country’s insurance market faces some interesting challenges. These range from operating in a country where there is no established insurance culture to balancing sophisticated legislation and complex bureaucracy.

The Financial Crisis hit the Ukraine insurance industry very hard, with many companies facing a severe slowdown in their business growth. However, by taking a highly client-focused approach, MAI Ukraine has been able to retain and build its business despite the challenging market.

Springboard for opportunity

The economy in Ukraine is expected to continue modest growth in 2013, which should be a springboard for the renewal of Foreign Direct Investment and the development of infrastructure projects.

In anticipation of this growth, MAI Ukraine has developed extensive contacts among local brokers and is partnering with many to help build insurance programmes on the international markets.

Specialist practices

MAI has already demonstrated its expertise in the energy, oil and gas and transportation sectors in Ukraine, which make up key components of the country’s GDP, and we are noticing an increasing desire among our clients to work with our specialists in renewable energy, cargo and employee benefits. MAI Ukraine is also the market leader in supporting the agro-business sector.

Among the largest opportunities within Ukraine that MAI has developed, are dedicated employee benefits programmes in association with leading global insurers.

This is proving very attractive to Ukrainian employers, and has introduced new products that were previously unavailable in the market.