Gross premiums received by insurers from policyholders and reinsurers for the first 9 months of 2015 amounted to 21 718.7 million USD, of which 7 269 200 000 UAH (33.5%) - from individuals; 14 449 500 000 UAH (66.5%) - from legal entities.

GLOBUS Vienna Insurance Group (VIG) - one of the four Ukrainian subsidiaries of the Austrian insurer announced on its website that the Group has signed an agreement to buy the remaining 20% shares in GLOBUS VIG, increasing thus its ownership to 100%. Financial details were not disclosed. At the same time, VIG appointed Dmytro MARUZHENKO as new CEO, replacing Volodymyr HANCHAK.

The Presidium of MTIBU launched the technical implementation of the project "Introduction of direct settlement in Ukraine," the first step in the implementation of which was the approval of the technical project, developed in accordance with the Regulations on the direct settlement of losses.

Vienna Insurance Group represented by the Chairman of the Board of Insurance Company Globus Mr.Volodymyr Hanchak took part in international forum "Export-import relations Ukraine-EU 2016: readiness of government and business". The Forum was organized by Ukrainian Chamber of Commerce and Industry supported by EU government authorities, Cabinet of Ministers of Ukraine, governmental authorities, public and business organizations, as well as the biggest foreign investors to Ukrainian economy.

Shareholders in PZU Ukraine insurance company (Kyiv) at a general meeting on November 11, 2015 decided to increase the company's charter capital by 80.74% via an additional issue of 1.45 million shares worth UAH 14.496 million. The company said that the face value of each share is UAH 10.

According to the preliminary data published by the Kyiv-based insurer GLOBUS Vienna Insurance Group (VIG), in 3Q2015 the company has earned UAH 131.9 million (about EUR 5.3 million) of insurance premiums, 53% more y-o-y, while the number of concluded contracts increased by 13.2% to 271,190.

The League of Insurance Organizations of Ukraine (LIOU), jointly with the German Embassy to Ukraine which is the coordinator of relations between consulates and visa centers of the EU/Schengen zone states and representatives of the insurance market pursuant to Article 48 of the EU Visa Code, has published a list of Ukrainian insurance companies that can insure tourists travelling to the EU/Schengen zone.

In the first half of 2015, the Ukrainian life insurance segment decreased by 37.7% in European currency, to EUR 37.84 million. The critical situation born by the numerous local banks bankruptcies led to a sharp decrease in the endowment insurance products' popularity, with a sharp decline of the new business numbers. A strong wave of policies' surrenders puts supplementary pressure of the future of the life insurance business in the country.

In the first half of 2015, GWP collected by local insurers totaled UAH 13.4 billion, up by 21.4% y-o-y, of which UAH 12.5 billion were collected on non-life insurance segment (up by 17.6%). Life insurance GWP amounted to UAH 939 million (down by 3.9%). However, considering the over 50% y-o-y inflation rate recorded in Ukraine, in real terms, as well as denominated in European currency, the results show a strong downturn trend.

Starting 19th August, 2015, Olena ULJEE appointed on the positions of CEO/COO/CFO at UNIQA Insurance, the non-life insurance company in Ukraine, succeeding Yuriy YEFIMOV - who will be moving to the Supervisory Board.

The Antimonopoly Committee of Ukraine has permitted Bulgaria's Euroins Insurance Group to build up over 50 percent stake in private joint-stock company HDI Insurance (Kyiv), the committee's press service has reported. The company told Interfax-Ukraine that at present, Euroins Insurance Group AD holds 9.9999% stake in the company.

The establishment of unreasonable requirements regarding the calculation of basic insurers' contributions to the central insurance reserve funds of the MTIBU at the official rate of the National Bank of Ukraine in the conditions of the national currency instability could lead to significant negative consequences, including the deterioration of the financial condition of insurers, the non-fulfillment of their commitments, and the collapse of the OSAGO market.

On June 25, Liberty Mutual Insurance Company (United States) registered its trademark for goods and services with the Ukrainian Institute of Intellectual Property Ukrpatent, according to the Ukrpatent website.

INGO International Insurance Group (Russia) has sold all of its insurance assets in Ukraine, Ingosstrakh CEO Mikhail Volkov has told Interfax. He said that INGO Ukraine risk company and INGO Ukraine Life insurance company have been sold.

Over 10 insurance companies operating on the Ukrainian insurance market fall within the scope of the law that took effect from June 28 on the licensing of some types of economic operations, according to which license holder could be deprived of licenses if they are under control of a resident of a country that carries out military aggression against Ukraine.

Generali Employee Benefits Network (GEB) joined its partners INGO Ukraine PJSIC and INGO Ukraine Life PJSC to present results from their 2-year cooperation to an audience of risk managers, HR and benefits professionals.

Both external and internal factors determined an imbalance on the Ukrainian insurance market, which in turn led to a 6.61% y-o-y decline of the local market. In the analyzed period,the non-life insurance line decreased by 12.80%, while the life insurance segment went down by 6.03%.

The general meeting of the Motor Insurance Bureau of Ukraine excludes ALLIANZ Ukraine (Kiev) from a member of the Bureau on the basis of statements made by the Company. The insurer is obliged to fulfill the obligations under previously signed contracts. Moreover, in 2014 the share of MPTL insurance in the insurer's portfolio totaled 2.21%, according to FORINSURER.

The net income of Kyiv-based INGO Ukraine insurance company in 2014 was UAH 55.99 million, in contrast to the firm's UAH 18.617 million loss in 2013. This was announced in the statement on the holding of a general shareholder's meeting on April 22, which was posted in the information disclosure system of the National Securities and Stock Market Commission of Ukraine.

The exclusion of 18 companies from the Motor (Transport) Insurance Bureau was the main event of the Ukrainian motor insurance market in 2014.