UKRAINE: insurance licenses of DOMINANTA revoked

National Financial Services Committee revoked all insurance licenses of insurer DOMINANTA, member of the committee Denis YASTREB said.

DOMINANTA was the market leader in terms of complaints about the insurer's activity, submitted to the National Financial Services Committee and Motor (Transport) Insurance Bureau of Ukraine, wrote the portal FORINSURER. According to YASTREB the NFSC decision was made after DOMINANTA refused to allow the inspection started by the market watchdog as a result of this situation.

DOMINANTA was established in 2007 and have performed its insurance activity based on 32 licenses. In terms of GWP in 2017 the insurer took 32nd place among 295 insurance companies. The insurer has a big network of representative offices in all regions of Ukraine (more than 250 sales points), the charter capital amounts to UAH 100 million.





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