According to a report presented by the Motor Insurance Bureau of Ukraine in one of every four road accidents is involved a foreign vehicle, while the absolute number of accidents with implication of vehicles with foreign registration is increasing every year.
In 1H2017, GWP collected by local insurers' went up by 30%, to UAH 21,222.80 million, of which UAH 19,977.70 million for the non-life insurance segment (up by 33.08%); life insurance saw a GWP decrease of 5.29%.
The bill on pension reform involves increasing the insurance period to
35 years for 10-year period. This was announced during the hour of
questions to the government in the Verkhovna Rada, the Minister of
social policy Andrei Reva.
The national commission for financial service markets regulation has expressed hope that the electronic obligatory insurance of civil liability of vehicle owners (OSAGO) policies will start operating on January 1, 2018.
Kniazha Life VIG insurance company in July 2017 signed an agreement on
cooperation with a new partner, Free Life (Dnipro), which provides
consulting services for registration of life insurance programs.
The National Commission for Financial Service Markets Regulation of Ukraine in resolution No. 3228 dated July 25, 2017 annulled 16 voluntary insurance licenses issued to Financial Expert insurance double liability company (Kyiv) and four mandatory insurance licenses, the regulator has reported on its website.
Around 30% of the Ukrainian insurance market has suffered from a recent cyber attack, director of the information policy department of the League of Insurance Organizations of Ukraine (LIOU) Iryna Denysova said at the conference devoted to comprehensive solutions for automation of enterprises organized by the Banker international financial club on July 19.
Oleksandr Yaroslavsky, the owner and president of DCH group of companies, has announced the purchase of a 100 percent stake in INGO Ukraine insurance company (Kyiv).
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%.
To the "Ukrainian insurance group" (Kiev) has introduced a new service of purchase of travel insurance policy online, according to the website of the company.
Ukrainian legislation needs to change in the issue of insurance for journalists. This was stated by the Chairman of the Council of Europe Office in Ukraine Morten Enberg.
The Department of Consular Service of the Ministry of Foreign Affairs of Ukraine has confirmed that citizens of Ukraine suffered in a road accident in Turkey; they were sent to a hospital. "A road accident in Turkey. The injured Ukrainians were taken to the hospital. The embassy, an insurance company and a tour operator are providing assistance," the ministry said on Twitter. At the same time, the number of victims is not indicated.
To attract drivers and to increase the sale of policies of insurance,
Ukrainian insurance companies began to invent new ways to reduce the
cost of auto insurance. In particular, becoming more popular affiliate
programs with car dealers and discounts for certain car, writes UBR.
The current legislation of Ukraine in the field of visa, there are no restrictions in the law of detention of foreigners and persons without citizenship of insurance contracts with Ukrainian and foreign insurers, this is stated in the answer the Ministry of foreign Affairs of Ukraine to the appeal of the League of insurance organizations of Ukraine on insurance of foreign citizens and persons without citizenship.
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).
The Ministry of information policy (MIP) of Ukraine initiates to
regulate the issue of compulsory insurance of journalists. This was on
the occasion of world press freedom day was declared by the Minister of
information policy Yuriy stets, reports the website of the Ministry.
The company "AXA Insurance" (Kiev) April 25, 2017, has launched a mobile app AXA Drive in Ukraine, which helps the driver to see, analyze and improve your driving style with the further opportunity to save money on insurance, according to a press release of the insurer.
Interpol has published red notice for former head of the supervisory board of Oranta national joint-stock insurance company (Kyiv) Oleh Spilka and a member of the supervisory board Oleksandr Tyminsky under a request of Ukraine, Ilyashev & Partners law firm defending BTA Bank (Kazakhstan), the largest shareholder in the insurance company, has reported.
Insurance companies of Ukraine in 2016, has collected net premiums
amounting 26,464 billion, which is 18.4% more than in 2015, according to
the website of the National Commission, carrying out state regulation
of market of financial services.
Sayenko Kharenko's litigation team has successfully represented PJSC
Insurance Company Ukrainian Insurance Group Life in the Supreme
Commercial Court of Ukraine regarding a UAH 5.3 million (approximately
EUR 185,000) insurance indemnity collection dispute.