Recent Posts
- State Cybersecurity Policy: Ukraine and International Experience 29.03.2025
- Ukraine recovery should be based on development of territorial communities, innovations, involvement of professional domestic community – results of ESUR forum 29.06.2023
- Ukraine repatriates five more seriously wounded Russian POWs 10.04.2023
- Rada intends to include history of Ukraine, foreign language in final certification for general secondary education 10.04.2023
- Rada terminates protocol on joint anti-terrorist measures in CIS territories for Ukraine 10.04.2023
Only 87% of insurers in Ukraine meet requirements for solvency and financial standards – NBU
KYIV. Sept 20 (Interfax-Ukraine) – Requirements for solvency and financial standards as of June 30, 2021 were fulfilled by 87% of insurers-licensees, the head of the insurance market supervision department of the National Bank of Ukraine (NBU), Iryna Sirenko, said at the XXI International Finance Forum in Odesa.
According to her, the number of insurers that do not comply with prudential standards has significantly decreased during the year (more than twice). As of June 30, 2021, some 20 insurance companies do not comply with the capital adequacy solvency ratio and 11 transaction risk ratio, while seven insurers do not simultaneously comply with both norms.
The deficit of assets acceptable for capital adequacy solvency ratio decreased from UAH 2.75 billion to UAH 900 million, or 3.2 times, for transaction risk ratio assets decreased from UAH 600 million to UAH 100 million, or six times. The main changes in the list of violators occurred in the non-life segment.
