AXA Insurance in 2017 collected UAH 1.679 billion of insurance premiums, which is 20% more than a year earlier, while the company's net profit under international standards increased by 2.3 times, to UAH 57 million, according to a press release from the insurer.
European Travel Insurance (ERV, Kyiv) in 2017 increased the number of insured tourists by 31.27% compared to 2016, to 749,100 tourists traveling abroad and 86,600 tourists traveling in Ukraine.
Three new companies have joined the recently founded National Association of Insurers of Ukraine. Thus, currently the association has five members: Universalna and Krayina, (founding members) and the Ukrainian Insurance Group, UNIQA and Globus insurance company, reports Interfax-Ukraine.
The insurance company INGO Ukraine has announced the launch on the Ukrainian market a new product that will allow its customers to get professional help in foreign clinics in the amount of two million euros.
TAS Insurance Group (Kyiv) for the ten months of 2017 collected insurance premiums for UAH 825.82 million, which is 34.9% more than the same indicator for January-October of last year, according to the website of the insurer.
The champions of the Ukrainian insurance market were awarded at the XIth
Edition of All-Ukrainian Competition "Insurance Company of 2017 year",
organized by the Club Banker in partnership with the League of Insurance
Organizations of Ukraine (LIOU) on 14 November 2017 in Kiev.
In 3Q 2017, the GWP on MTPL insurance in Ukraine increased by 7.6%, to UAH 2.8 billion compared to the 3Q2016. According to the local Motor Insurance Bureau, 55 insurers were providing MTPL insurance in Ukraine, Forinsurer said.
The Motor Insurance Bureau of Ukraine began the process of implementing the e-MTPL policy. The transition period of passing from the MTPL policy printed on paper to the electronic form will take 12 months, Forinsurer announced.
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.