Ukraine's insurance market has been consolidating under the supervision of the National Bank of Ukraine: mergers, restructurings, portfolio transfers and market exits all require an independent view of what an insurer is actually worth. The Kanzas company values insurance companies as businesses — their assets, profitability, competitiveness and growth prospects.
Note the distinction: this service determines the value of the insurer itself. If you need property valued for an insurance contract, that is a separate engagement.
When an insurer valuation is needed
Acquisition or disposal; restructuring; mergers and takeovers by another financial institution; investment appraisal; regulatory requirements; insurance portfolio transfer; shareholder exit.
Valuation methodology
The asset-based approach is the baseline — net asset accumulation with every line restated to market value and adjusted for the adequacy of insurance reserves. The income approach (discounted cash flow) applies to operating insurers with a stable portfolio. The market approach relies on comparable insurer M&A transactions where such evidence exists.
What drives the value of an insurance company
The quality and structure of the insurance portfolio, reserve adequacy, the client base and agent network, licences, and financial resilience — the insurer's ability to meet obligations if the expected share of insured events materialises simultaneously. Intangibles matter more here than in most industries.
Information required
Founding documents, securities and issuance reports, the insurance licence, branch details, accounting records and audit reports for the previous 3–5 years, title documents for real estate, the fixed asset register, a full breakdown of tangible and intangible assets, subsidiary documentation, the business plan where available — and data on the structure of the insurance portfolio and accumulated reserves.
Track record
The Kanzas company has participated in the valuation of 5 insurance companies, including one of the largest in Ukraine, and has performed asset valuations for 5 more insurers. This sits within a broader financial sector practice: portfolio revaluations across more than 50 Ukrainian banks and years of work for the Deposit Guarantee Fund of Ukraine — precisely the asset classes an insurer's value is made of. Our team includes appraisers holding international valuation certificates.
Questions and answers
Do you value insurers in portfolio transfer transactions? Yes — a portfolio transfer to another insurer is a typical trigger for an independent valuation of both the portfolio and the company.
How long does the engagement take? It depends on the perimeter — a portfolio is faster than a whole-company valuation; the timeline is agreed after scoping and fixed in the engagement letter.
Write to us by email or messenger to discuss your task — we will respond with a scope and fee proposal the same business day.
