In recognition of this, Insurance Europe president, Andreas Brandstetter, commented: "We are delighted to welcome our colleagues in the NAIU to our federation. We look forward to our future engagement on the many important issues that affect our industry, and we are honored to stand together with them during this most difficult of times."
"We are grateful and proud to be part of a respected association that, through 36 member associations, represents 922,000 employees and more than 4,900 insurance and reinsurance companies of all types and sizes, which account for around 95% of the total European premiums," the Ukrainian association stated on its website. The National Association of Insurers of Ukraine also expressed its conviction that membership in Insurance Europe is also an important step towards Ukraine's proper implementation of European legislation. "Experience, expertise, defeats and achievements, which are the property of Insurance Europe participants, will be able to be used for the general gains of Ukrainian insurance" it said.
Commenting on its activity during the year that has passed since the start of the aggression against Ukraine, an article published recently on NAIU's website said: "An extremely difficult year for Ukraine and the insurance market can be briefly characterized as a path from panic to development and planning. The war did not affect the purpose and principles of the NAIU community: we continue to direct our activities and support the Regulator on the way to the formation of a solvent, sustainable, competitive insurance market in Ukraine with proper protection of the rights of consumers of insurance services."
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