By 2025, the global insurance industry will be influenced by Artificial Intelligence, environmental, social and governance (ESG) principles and cyber risks.
Ukrainian insurance market in Q3 2024 showed growth in assets and premiums
The insurance market of Ukraine in 2024 shows stable growth according to the main performance indicators.
The National Bank of Ukraine offers for discussion a project of amendments to regulatory legal acts, developed with the aim of improving regulation and supervision of activities on the market of non-banking financial services.
The National Bank of Ukraine submitted a monthly report on the quantitative composition of the market of non-banking financial institutions.
Global reinsurers accumulated aggregate capital totaling $766 billion, which is 5.4% higher than the same figure in the first half of 2023.
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The number of non-bank financial market participants in July decreased from 990 (June 30, 2024) to 963 (July 31, 2024).
The insurance market of Ukraine continues to grow, showing positive trends in 2024 and improving the financial results of insurers
The Board of the National Bank of Ukraine, by its Resolution No. 85 dated July 15, 2024, approved a new procedure for documenting the insurance payment/reimbursement/redemption amount under an insurance contract received by an individual.
Ukrainian insurance companies and other participants of the financial market joined the charitable aid to the destroyed Okhmatdyt Children's Hospital and children and doctors who suffered from a Russian missile strike.
The number of non-bank financial market participants decreased from 1,045 to 1,014 in May.
Managers of insurance companies, banks and non-bank financial institutions have improved their own assessments of the financial sector's resilience to significant negative events for two years in a row.
The relevant decision was adopted by the Committee on Supervision and Regulation of Non-Banking Financial Services Markets on April 19, 2024.
This volume is largely due to the activity of convective storms in the USA.
