STATISTICS:

UKRAINE: only 20% of insurers meet the new National financial services committee of Ukraine requirements for assets quality

According to the National financial services committee of Ukraine, as the moment only 20% of the local insurers fully meet obligatory requirements to capital adequacy and solvency, liquidity and profitability, asset quality and riskiness of insurers' operations.

At that, as the regulator informed, about 5 insurers (2 life insurers and 3 non-life insurers) as of December 31 may face a problem of insufficient value of total assets.

As of 30.09.2018 total assets of insurers amounted to UAH 59.5 billion (4.7% more y-o-y). Total volume of assets, allowed for insurance reserves, was UAH 38.3 billion, of which UAH 24.8 billion were allocated for insurance reserves. The amount of assets, allowed to be invested in shares, decreased by 16.4% to UAH 5.95 billion; the amount of assets, allowed for rights of claims to reinsurers, increased by 25.2% to UAH 4.7 billion, at that amount of assets, allowed for rights of claims to non-resident reinsurers, went up by 35.7% to UAH 3.2 billion, and the amount of assets, allowed for keeping as funds on current accounts, increased by 11% to UAH 3 billion, based on the data of the National financial services committee of Ukraine.

*EUR 1 = UAH 33.1287 (30.09.2018)



Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

UKRAINE: 13 insurers left the market in January-September2018

According to the National financial services committee of Ukraine, in order to remove unreliable players from the financial market, 126 organizations, including 13 insurance companies, were removed during January-September, as the member of the Committee, Aleksander ZALETOV informed.

2019-01-10

ON THE MOVE

ALLIANZ announced three executives appointments

German insurance Group ALLIANZ announced three senior leadership appointments at ALLIANZ DIGITAL Health, ALLIANZ Private Krankenversicherung and Allianz Global Corporate & Specialty SE.

18.01.2019

TOP EVENT

Inclusive insurance on the agenda of the second CEE & SEE - Regional Actuarial Insurance Conference in Skopje, Macedonia

Insurance should be accessible to all social classes, regardless of their wealth and income status. Products offered today are conventional insurance products, largely inspired from the developed markets as "one-size-fits-all" solutions, affordable to only middle- and high-income clients in the Eastern Europe's emerging & developing markets. The low insurance penetration rates across the region show the need for another approach.

10.01.2019

Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.

06.11.2018

IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.

05.11.2018

See all