UKRAINE: the renewed National Association of Insurers of Ukraine to be headed by Denis YASTREB

17 December 2020 — Marina MAGNAVAL
On December 16, 2020, 21 non-life insurers (GWP market share 55%, paid claims share 65%) and 10 life insurers (GWP share over 93%, paid claims share 98%) began the legal merger procedure, according to the website of the National Association of Insurers Ukraine.

The new association is created on the basis of the National Association of Insurers of Ukraine by merging with the Ukrainian Insurance Federation and the entry of certain members of the League of Insurance Organizations of Ukraine and insurers who did not participate in any associations.

The renewed National Association of Insurers will formalize positions of united insurers, introduce a high level of rules and standards for activities in the insurance market, represent the interests of participants in relations with third parties on the insurance activities.

According to the voting results, the Association will be headed by Denis YASTREB. From February 2015 to June 2020, he served as a Member of the National Commission for the Regulation of Financial Services Markets.



1060 views
Share |