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.
Cyber, climate change and business interruption top key insurance risks
Cyber, climate change and business interruption (BI) have become key risks for various segments of the insurance market
Swiss Re analysts forecast an average increase in premium income in the life insurance sector of 3%
This is more than double the pace of the previous ten years.
10 main risks of the insurance sector in Europe
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
Economic losses from natural disasters totaled $280 billion, $51.6 billion accounted for by floods
Losses are expected to increase due to increased extreme weather events due to climate change
Global reinsurers will raise tariffs in 2025
Participants in the global reinsurance market have different expectations for reinsurance rates in 2025
The losses of the global insurance industry from natural disasters will exceed $125 billion by the end of the year
Since the beginning of the year, insurance companies around the world have suffered losses from natural catastrophic events in the amount of $102 billion. By the end of the year, this figure will exceed the figure of $125 billion in 2023.
Cyber risks are the main concern of 62% of companies
The Travelers' annual cyber threat survey found that security breaches and unauthorized access are a concern for 57% of companies, followed by ransomware (54%), unsafe computer practices by employees (53%), and system failures (53%).
Mandatory insurance of mortgaged property and residential construction objects will be introduced in Ukraine
At the end of September, the Ministry of Economy and the National Bank presented the preliminary version of the draft law on the introduction of mandatory insurance of mortgaged property and residential construction objects.
In Ukraine, the draft law “On the system of military risk insurance”, developed by the NBU, was presented
This document proposes the introduction of a nationwide system of insurance against war risks to protect the interests of citizens and businesses.