In 1Q2017, GWP collected by local insurers' went up by 31.69% y-o-y, to UAH 10,895.90 million, of which UAH 10,263.30 million for the non-life insurance segment (up by 34.82%), while life insurance saw a decrease by 4.31%.

In 2016, GWP collected by local insurers' have grown up by 18.28% compared with 2015 (note: in 2015/2014 the growth rate reached 21.2% y-o-y).

According to the Memorandum signed by Ukraine with the IMF, the insurance market's supervision and regulating responsabilities will be taken over by the National Bank of Ukraine until year end, the latest.

DCH Group of Oleksandr YAROSLAVSKY is acquiring 25% of insurer INGO Ukraine's shares, reports Interfax-Ukraine, aiming to gradually further expand its ownership to 100%.

Insurance companies' bankruptcy procedure doesn not provide for a proper protection of consumer rights, Serhiy TARASOV, Director of the law and analytical department of the League of Insurance Organizations of Ukraine (LIOU) recetly said, quoted by Interfax-Ukraine.

The preliminary results of the Ukrainian insurance market in 2016 show that 55% of insurance companies' assets, worth over UAH 30 billion, have a low liquidity and are hard to sell, generating a low financial income, Oleksandr ZALETOV, member of the national market watchdog told Interfax-Ukraine.

Swiss investor VIATRANS became one of the shareholders of PERSHA Ukraine, a non-life insurer, with 22% of the shares (132,000 shares). Moreover, the Ukrainian Commission for State Regulation of the Financial Markets has approved the acquisition. VIATRANS has showed its interest for the domestic insurer since March, 2016.

In the first half of 2016, GWP collected by local insurers totaled UAH 16.4 billion, up by 21.2% y-o-y, of which UAH 15.1 billion were collected on the non-life insurance segment (up by 20%), while life insurance GWP marked a significant increase, by almost 40%, indirectly supported by the halving number of surrendered 5 years contracts.

Dutch insurer AEGON announced that it will exit the Ukrainian market after less than four years, by selling 100% of AEGON Life Ukraine to local insurance firm TAS Group. The parties have agreed not to disclose the terms and conditions of the transaction.

The Ukrainian Commission for State Regulation of the Financial Markets has approved the acquisition of HDI Strakhuvannya by Bulgaria's EUROINS Insurance Group (EIG), a subsidiary of financial holding EUROHOLD. The deal in Ukraine comes after EIG has already acquired HDI Zastrahovane - the Bulgarian business of the Hannover based insurer TALANX International.

The 2017 edition of the Global Insurance Forum, an industry benchmark event organized by IIS- the International Insurance Society - ends today in London, after three days of debates. XPRIMM supports the Forum as Media Partner.

"Insurers have to play an important part not only in managing current risks, but also in modelling the future by contributing to a better understanding of risks, to closing the insurance gap and setting an example of responsible investment policy," HRH The Prince of Wales said in his welcome address at GIF 2017.

"Brexit and the Future London Market: Renaissance or Bust?" is the topic proposed by the Global Insurance Forum's organizers in the beginning of the event's first day.

The "Developed Market Dynamics Panel" has reviewed the main coordinates of the changes driven by the global economic environment's evolution and the technological progress in the insurance filed.

The panel titled "Leaders of Tomorrow: Engaging and Developing Our Emerging Talent" has put under debate the talent crisis' issue, exploring the means of getting young professionals more interested by the insurance field.

The panel titled "Emerging Markets Outlook" has explored the current status and the growth perspectives in the emerging insurance markets.

The "Regulation for sustainable development" panel has emphasized the need for a stable an reliable legal environment in the insurance field, enabling insurers to design long term development strategies. XPRIMM delegates at GIF 2017 have reported: