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
Participants in the global reinsurance market have different expectations for reinsurance rates in 2025
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.
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%).
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.
This document proposes the introduction of a nationwide system of insurance against war risks to protect the interests of citizens and businesses.
The adopted changes updated the approach to licensing of insurers
The growth of profits of global reinsurers, which will be stable in the short and medium term, was the main reason for AM Best's positive forecast for the global reinsurance market.
103 M&A deals were concluded in the market of insurance services.
