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Fairfax not planning to merge Colonnade Ukraine and the newly aquired AXA Insurance units
Canadian group Fairfax Financial Holdings Limited (Fairfax), does not plan to merge the recently acquired Ukrainian AXA units with its insurance company Colonnade Ukraine, First Vice President of AXA Insurance Andriy Peretiazhko said at a press conference on Tuesday, Interfax reports.
25 October 2018PROVIDNA INSURER CUTS PREMIUM COLLECTION BY 5.8%, RAISES PAYMENTS BY 4.7% IN NINE MONTHS
25 October 2018AXA leaves the Ukrainian insurance market
AXA announced on 23 October it had entered into an agreement with Fairfax Financial Holdings Limited, through its subsidiary FFHL Group Ltd., ("Fairfax") to sell all its insurance operations in Ukraine and exit the Ukrainian market.
23 October 2018STATISTICS: UKRAINE, 1H 2018: 98% of risk insurance GWP accumulated by 100 insurers out of 291
According to the National Financial Services Commission, as of July 1, 2018, the total number of Ukrainian insurers amounted to 291, including 31 life insurers and 260 risk insurers. For the first half year total number of insurers decreased by 9.
27 September 2018UKRAINE: for January-July, annual growth of MTPL amounted to 20.5% and Green Card went up by 25%
For 7 months, Ukrainian insurers (members of MTIBU, the Motor Transport Insurance Bureau of Ukraine) generated UAH 2.57 billion of MTPL premiums (+20.5%). The total number of MTPL policies, according to MTIBU, increased by 4.2% and amounted to almost 4.6 million units.
24 September 2018STATISTICS: UKRAINE, 1H 2018: life insurance demonstrates significant growth by more than 39%
The Ukrainian insurance market generated GWP in the amount of UAH 23.42 billion (EUR 766.33 million) in the first half year, 10.38% more than a year ago. Likewise, GWP of life insurers increased by 39.2% from UAH 1.24 billion (EUR 41.8 million) to UAH 1.73 billion (EUR 56.69 million), according to the National Financial Services Commission.
19 September 2018VIG to make acquisitions in Ukraine
Austrian insurer VIG intends to become a Top3 insurer in the Ukrainian insurance market, and "is mulling the possibility of acquiring another risk insurance company", wrote the local business portal open4business.com.ua.
18 September 2018VIENNA INSURANCE GROUP WANTS TO ACQUIRE NEW COMPANY IN UKRAINE
17 September 2018UKRAINE: NBU proposes toughening mandatory insurance requirements to insurers
13 September 2018UKRAINE: NUMBER OF GREEN CARD INSURANCE CONTRACTS 6% UP
13 September 2018UKRAINE: the National Bank of Ukraine proposes toughening mandatory insurance requirements to improve the quality of market regulation
Huge losses in mandatory insurance have made it necessary to review license conditions for companies by introducing additional requirements to their solvency in line with EU standards, the National Bank of Ukraine (NBU) has said.
13 September 2018UKRAINE: for 7 months premiums of the TAS Group went up by almost 39%
For 7 months this year TAS Insurance Group generated UAH 749.62 million of premiums* (+38.8% y-o-y), as informed Forinsurer portal.
28 August 2018UKRAINE: for February-July local insurers sold more than 31 thousand of e-MTPL
MTIBU published sales statistics of e-MTPL in Ukraine from February 7 to July 31, 2018. During this period local insurers sold 31,155 of electronic MTPL policies, wrote FORINSURER.
13 August 2018UKRAINE: National Financial Services Committee toughens solvency requirements for the local insurers
The National Financial Services Committee toughens solvency requirements for the local insurers. The Ministry of Finance registered an order of the Committee on approval of the Regulation on mandatory criteria and standards of capital adequacy and solvency, liquidity, profitability, asset quality and riskiness of the insurers' operations.
13 August 2018UKRAINE'S INSURERS RAISE OSAGO PREMIUMS BY 21%
12 August 2018UKRAINE: National Commission for financial service market regulation toughened requirements to technical reserves of insurers
On July 19 the National Commission for financial service market regulation approved the draft regulation on amending the Policy on reserves formation for risk insurance, which will toughen the technical reserves requirements for insurers, said the member of the Commission - Alexander ZALETOV, as informed INTERFAX-Ukraine.
9 August 2018FRENCH AXA RAISES PREMIUM COLLECTION IN UKRAINE BY 14%
5 August 2018UKRAINE's insurers raise premium collection by 20%
15 July 2018UKRAINE: S&P improved the national scale rating of Ukraine to "uaBBB"
The international rating agency Standard&Poors improved the long term national scale rating of Ukraine from "uaBBB-" to "uaBBB" due to review of rating criteria.
4 July 2018STATISTICS: UKRAINE, Q1 2018 result: paid claims increased y-o-y by 35%
For the 1st quarter Ukrainian insurers generated UAH 11.6 billion of GWP (+6.63%) and paid UAH 3.17 billion of claims (+35.15%), according to the data, published by the National Commission for financial service market regulation.
4 July 2018XPRIMM Newsletter
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