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
The International Association of Insurance Supervisory Authorities IAIS named the key risks of the global insurance market
The International Association of Insurance Supervisors (IAIS) has published its Global Insurance Market Report 2023 (GIMAR), which highlights the key risks and trends shaping the global insurance sector.
Reinsurers report increased demand for property reinsurance in 2024
Reinsurers report increased demand for property reinsurance in 2024 Renewals of reinsurance contracts from January 1, 2024 are much more orderly than a year ago
Global insurance market. Overview of products and regional trends for 2024
The year 2023 was characterized by geopolitical turbulence, inflationary pressures and events related to global warming.
The international insurance market is ready to work in Ukraine
The first projects related to the mechanism for reducing the cost of marine transportation insurance in the territorial waters of Ukraine are already being implemented together with the insurance market, which contributes to the safety of marine transportation and increasing the volume of Ukrainian exports.
Tariffs for reinsurance of property risks will continue to grow in 2024
The Amwins Reinsurance Market State and Forecast to 2024 report shows that the reinsurance landscape is undergoing little change with notable rate growth in the property and casualty reinsurance sectors.