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 trends in the insurance industry is the main topic addressed during the two-day event taking place on 21-22 September 2017 in Shanghai.

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.

The latest edition of the XPRIMM Motor Insurance Report was launched in Monte Carlo, on the occasion of the "Rendez-Vous de Septembre", provind FY2016 statistical data and analisys for the CEE, SEE and CIS regions.

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers has started yesterday in Monte Carlo. XPRIMM publications on the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel as well as at the other event's venues.

Swiss Re forecasts growing demand for new reinsurance solutions that help clients manage their portfolios and expand into new segments and markets, company's officials said at the press conference that took place Monday, in Monte Carlo. 

In the wake of the decision by the United Kingdom (UK) to leave the European Union (EU), insurers that access EU business through their UK companies have begun to unveil plans to establish additional subsidiaries, primarily in Ireland, Luxembourg or Belgium, according to an analysis presented by AM Best during Rendez-Vous de Septembre.

Most reinsurers gathered in Monte Carlo have expressed their concern with the lack of proper insurance protection of properties around the world, especially that the latest events have once again shown that climate change is a real challenge.