The global reinsurance market is expected to liberalize tariffs in 2024
The 2024 Commercial Property Insurance Trends Report has been released, highlighting a more balanced reinsurance market compared to the tough conditions of 2023.
Health and safety risk to directors and officers is a major D&O risk
In 2024, health and safety risk ranks first in the list of potential risks for directors and officers (D&O), according to analytical surveys.
Demand for reinsurance will remain high, with rates peaking in 2024
Moody's Investors Service analysts expect demand for reinsurance protection to remain strong in 2024
3 trends in insurance: artificial intelligence, digitalization and agency sales
Technology and new sources of data are fundamentally changing our economy and society, and promise to transform the insurance industry.
Insurance of sea transportation through Ukraine has been extended to all types of cargo
The Unity Facility grain transportation insurance mechanism through the Ukrainian maritime corridor, which has been in effect since November 2023, has been extended to vessels carrying any cargo since February 2024
The National Bank of Ukraine updated currency restrictions in the insurance sector
The National Bank of Ukraine updated currency restrictions in the insurance sector.
The global insurance market in 2023 demonstrated resilience
The global insurance market in 2023 demonstrated resistance to inflationary pressure.
Ukraine, together with international partners, has developed a concept of military risk insurance
On February 5, the National Bank's Financial Stability Board approved a conceptual memorandum for the creation of a war risk insurance system in Ukraine.
Global insurance losses from natural disasters in 2023 reached $118 billion, economic losses $380 billion
Global insured losses from natural disasters during 2023 grew 31% above the 21st century average, surpassing $100 billion for the fourth year in a row.
War risk insurance is planned to be launched in the second quarter of 2024
The Export Credit Agency (ECA) plans to start war risk insurance of international and national investments, and loans related to investments
Car insurance against war risks
Is it possible to insure a car against war risks and what conditions are offered by leading insurance companies?
Investments in the global InsurTech sector exceeded $1.1 billion in 3Q 2023
Investments in the global InsurTech sector will reach $1.1 billion in the third quarter of 2023. This was mainly driven by a 25.5% quarter-on-quarter increase in funding to the property insurance sector.
What guarantees does Ukraine offer to foreign investors today?
After February 24, 2022, the situation with investing in Ukraine changed significantly, as foreign investors faced new risks in Ukraine related to the military aggression of the Russian Federation in Ukraine.
Natural disasters in 2023 led to $250 billion in economic and $95 billion in insured losses
Total losses were in line with the five-year average, while insured losses were slightly below the average figure of $105 billion.
The Law on Insurance of Investments Against Military Risks has entered into force in Ukraine
On January 1, 2024, the Law of Ukraine on insurance of investments against war risks through the Export Credit Agency (ECA) entered into force