Insurance mergers and acquisitions have slowed amid upcoming elections and market uncertainty
Last year did not bring revival in the market of mergers and acquisitions in the insurance sector.
Reinsurers predict that demand for political risk insurance will remain
Global reinsurers predict that 2024 will bring increased political risk due to a surge in planned elections around the world.
Cyber insurance carries significant risks for the financial stability of insurers
Cyber insurance can pose significant risks to the financial stability of insurers and reinsurers, because cyber risks are a complex product that requires specialized knowledge and experience.
The results of reinsurance contract extensions will make life difficult for new companies
The results of the extension of the reinsurance contracts, which passed on January 1, will make life difficult for new companies hoping to enter the reinsurance market and benefit from favorable market conditions and high tariffs.
The total capital of reinsurers will recover to $561 billion in 2024
The total capital of international reinsurers will return to the level of 561 billion dollars in 2024.
In Ukraine, there are new requirements regarding the solvency of insurers and the formation of reserves
The National Bank of Ukraine has established requirements for the solvency of insurers, the formation of technical reserves, the accounting of insurance contracts and the protection of information.
AM Best rating agency compiled a list of the largest insurers
The international rating agency AM Best has compiled a rating of the largest insurance companies based on the premium income received in 2022.
The NBU established new requirements for the form and content of insurance contracts
The National Bank of Ukraine has determined the specifics of concluding insurance contracts with consumers by insurers and insurance intermediaries, in particular, new requirements have been established for the form and content of such contracts.
The insurance market will be under increased regulatory pressure regarding consumer protection
The future of the insurance market, including the Insurtech sector, is linked to increased scrutiny by regulators seeking to protect the interests of consumers.
There are 107 insurers and 55 insurance brokers working in Ukraine
The National Bank of Ukraine published a new report on the quantitative composition of the market of non-banking financial institutions for November 2023.
The insurance market of Ukraine for 9 months of 2023. Insurance TOP identified the leading insurers
The insurance market of Ukraine for January-September 2023, according to the Insurance TOP magazine, showed a growth of 20.2%. The total amount of gross insurance premiums for 9 months increased from UAH 28.4 billion to UAH 34.14 billion.
By the end of the year, the insurance industry will receive $100 billion in losses from natural disasters
The global insurance industry suffered $50 billion in losses from natural catastrophes in its worst start to the year since 2011, underscoring the challenge facing the sector from global warming.
The NBU offers a public discussion of the requirements for the management system of insurers
The National Bank of Ukraine announced a public discussion of the draft resolution of the Board of the National Bank of Ukraine "On approval of the Regulation on requirements for the management system of the insurer".
The insurance industry suffers $133 billion in average annual losses from natural disasters
The global average annual loss from natural disasters is $133 billion
The transition period in the financial and insurance market continues
The transition period in the non-banking financial market after the transfer of the functions of its regulator from the National Financial Service Commission to the National Bank of Ukraine (NBU) is ongoing from July 1, 2020, and it will take about a year to restore order