The members of the Ukrainian Agricultural Insurance Pool January through June 2013 signed 527 harvest insurance agreements under an insurance program through the Agrarian Fund, the pool has reported on its Web site.

The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) and Turkish Motor Insurers' Bureau on July 24, 2013 signed an agreement on the protection of the rights of visiting drivers, reads a posting on the MTIBU's Web site.

Fines for insurers for the late payment of compensation under OSAGO policy (obligatory insurance of the civil liability of car owners) should total 1% of the sum of the late insurance claim payment for every day of delay.

At foreign insurance companies that will wish to work in Ukraine on the norms of Worldwide trade organization through the own representative offices. that there can be complications on acquisition of new corporate customers. such supposition was wired for sound by the deputy of director general СК " NGS" by Natalia Pridachuk.

Kyiv-based TAS Insurance Group through January-May 2013 collected Hr 159.4 million in insurance premiums, reads a press release from the insurer.

Universalna insurance company has sold its subsidiary life insurance company Universalna (both Kyiv-based), Universalna board chairman Oleksiy Muzychko has told Interfax-Ukraine.

Ukraine has lifted certain restrictions related to foreign insurers' operations in the country, thereby allowing them to directly operate through their own offices, reported Forinsurer.

5 years after Ukraine joined WTO, amendments to the Insurance Act of Ukraine have entered into force. Until now only locally resident companies had the right to carry out insurance business in Ukraine. Following the latest amendments, however, foreign insurance companies will be able to render insurance services in Ukraine through their representative offices provided that they obtain the corresponding licenses.

The Kyiv-based AXA Insurance Company in April 2013 paid out UAH 32.5 million in insurance claims for 4,499 insurance events, which was 25.6% down year-over-year.

At the end of 2012, on the Ukrainian market there were 414 registered and active insurers, which were 28 less than in 2011. Last year, by decision of the State Commission for Regulation of Financial Services Markets in Ukraine were eliminated another 26 non-life and 2 life insurance companies. Moreover, about 200 companies froze their activity (they occupy not more than 1% of the market) and are not able to create any competition on the market.

CJSC ASKA Ukrainian Insurance's first quarter 2013 premiums increased 35% year-on-year to 160.8 million Ukrainian hryvnias ($19.5 million), reports Forinsurer.

Ukraine-based TAS Insurance Group said it has paid 6.5 million Ukrainian hryvnias (USD 791,399) for a cargo vessel that sank off the Turkish coast in summer 2012, reported Forinsurer.

No foreign investors are to enter the Ukrainian insurance market because of its lack of potential," Director General of the Ukrainian Insurance Federation (UIF) Andriy Peretiazhko has said during the roundtable on Thursday.

Ukraine's financial service regulator Natskomfinuslug has said the country's insurance sector needs a strong influx of resources to ensure its future development, Forinsurer reports.

Ukraine is to create an insurance payments guarantee fund for life insurance agreements by June 2013 through the adoption of relevant laws.

Ukrainian actress Oksana Haivas died during the vacation in one of the world famous resorts. According to the Embassy of Ukraine in the Arab Republic of Egypt, Oksana Haivas died on the night of March 8 in the Red Sea Hospital in Hurghada from severe injuries after a quad bike riding. She died after three days in a coma.

Ukraine's National Commission for Regulation of Financial Services (Natskomfinuslug) has published a revised draft setting out the minimum financial strength rating (FSR) for foreign insurers and reinsurers.

Ukraine's National Commission for state regulation of financial service markets has announced changes to the rules for registration of reinsurance contracts, reported Liga Business-Inform.

Ukrainian insurer ASKA JSC has signed a 2.27 million Ukrainian hryvnias (USD 274,269) agreement with the Chernobyl nuclear power plant for mandatory insurance of civil liability for nuclear damage in 2013, reports Liga Biznesinform.

Kyiv-based GARANT-AUTO insurance company has signed an agreement on cooperation with the SOCAR Ukraine Group under programs on obligatory and voluntary insurance, reads a press release from the insurer.