Political and credit risk insurance is gaining popularity
The total premium income that this insurance segment is capable of generating is estimated at $49 billion annually.
International Working Group under the Ministry of Economy to Develop Strategy for the Development of Ukraine’s Insurance Market
The Ministry of Economy of Ukraine announced the first meeting of the international working group on the development of the insurance market.
In 2024, the growth of the life insurance and risk insurance markets amounted to 11% and 13%, respectively
The National Bank of Ukraine has published the Annual Report for 2024, which provides detailed information on the state of the insurance market as part of the non-banking financial sector of Ukraine.
Insurers suffered record losses due to natural disasters in the first quarter
In the first quarter, natural catastrophes caused $ 53 billion in the global insurance industry in the amount of losses in the amount of $ 53 billion.
There are 63 insurers and 43 insurance brokers operating in Ukraine
The National Bank of Ukraine published a monthly report on the quantitative composition of the market of non-banking financial institutions for March 2025.
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.
Global Insurers and Reinsurers CEOs Upbeat About 2025
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.
Global natural catastrophe losses could top $200 billion in 2025
Global natural catastrophe losses could exceed $200 billion in 2025
Natural catastrophe losses in 2024 reached $417 billion, insured losses – $154 billion
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.
Cabinet to Create State Agency for Insurance and Reinsurance of War Risks
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.
LSOU together with NASU created the Federation of Insurance Associations of Ukraine
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.
New challenges and drivers of growth for the global insurance market in 2025-2026
Swiss Re has outlined the main challenges and drivers of growth in the global insurance market in 2025.
Ukraine updates procedure for disclosing information about an insurance intermediary
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.
Ukraine War Risk Facility: Relaunching War Risk Insurance in Ukraine
The new EBRD guarantee will improve access to reinsurance for private sector insurers, helping to overcome the ongoing challenges caused by the war.
Insurance and reinsurance market must prepare for technology disruptions and cyberattacks
Insurers and reinsurers must prepare for the growing risk of unplanned technological disruptions.