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.
The Financial Stability Board (FSB) considered the systemic risks of the financial sector of Ukraine.
The project provides for the introduction of both mandatory insurance of certain objects and voluntary insurance.
The National Bank of Ukraine launched an information campaign to protect the rights of consumers of insurance services "Know your rights: insurance" with the support of an international partner - the USAID Project "Investments for business sustainability".
Cybercriminals have refined their strategies to capitalize on vulnerabilities arising from mergers and acquisitions and software vendor consolidation
The National Bank of Ukraine launched an information campaign to protect the rights of consumers of insurance services "Know your rights: insurance" with the support of an international partner - the USAID Project "Investments for business sustainability".
The global sector of insurance technologies (InsurTech) received financing in the amount of $1.27 billion according to the results of the second quarter.
Insurance tariffs on the risk non-life insurance market show different trends in many European markets
Estimated at $272 billion in 2023, the global FinTech market is projected to reach $725 billion by 2030 and $1.3 trillion by 2034.
