The NBU Financial Stability Council has identified systemic risks in the financial sector of Ukraine
Despite growing geopolitical uncertainty, the economic situation and the state of the financial sector in Ukraine remain under control.
Despite growing geopolitical uncertainty, the economic situation and the state of the financial sector in Ukraine remain under control.
Top managers of insurance and reinsurance companies remain cautiously optimistic about 2025, although expectations differ significantly between the property catastrophe reinsurance and liability insurance segments.
The National Bank of Ukraine has published a new report on the quantitative composition of the market of non-bank financial institutions.
Global natural catastrophe losses could exceed $200 billion in 2025
Global natural risks worldwide caused $417 billion in direct economic losses in 2024. The insurance industry covered $154 billion of these losses, but a significant gap in protection of $263 billion remained.
This is provided for by draft law No. 12372 "On the War Risk Insurance System", which was registered in the Verkhovna Rada on December 30, 2024.
Recognizing the need to consolidate efforts to develop a solvent, sustainable, competitive insurance market in Ukraine and to properly protect the rights of consumers of insurance services, the League of Insurance Organizations of Ukraine (LIOU) and the National Association of Insurers of Ukraine (NASU) signed a Memorandum of Cooperation and Partnership.
Swiss Re has outlined the main challenges and drivers of growth in the global insurance market in 2025.
The National Bank of Ukraine has updated the procedure for disclosing information about an insurance intermediary and the sale of an insurance product as additional to other goods, works or services.
The new EBRD guarantee will improve access to reinsurance for private sector insurers, helping to overcome the ongoing challenges caused by the war.
Insurers and reinsurers must prepare for the growing risk of unplanned technological disruptions.
Cyber, climate change and business interruption (BI) have become key risks for various segments of the insurance market
This is more than double the pace of the previous ten years.
Risks in the European insurance sector remain stable at an average level, although there are some "vulnerabilities" due to market volatility and real estate prices
Losses are expected to increase due to increased extreme weather events due to climate change