The number of insurance companies in Ukraine in May 2024 decreased by one company and as of the end of the month there are 83 risk insurers in the market, 12 specialize in life insurance, one – with a special status (“Export Credit Agency”), according to the website of the National Bank of Ukraine (NBU).
In general, the number of participants in the country’s non-banking financial market in May decreased from 1,045 (as of April 30, 2024) to 1,014 (as of May 31, 2024).
The number of banks remained unchanged – 63.
According to the NBU, 26 financial companies, one risk insurer and two pawnshops were forcibly removed from the register. At the same time, one collection company and two credit unions were excluded on the applicant’s initiative. At the same time, one collection company was included in the register.
During May, eight financial companies, one insurer and one pawnshop had all their licenses revoked forcibly, while another 18 financial companies, one pawnshop and two credit unions had their licenses revoked voluntarily.
As of May 31, 2024, 555 financial companies (581 in April), 83 non-life insurers (84), 12 life insurers (the number has not changed), one insurer with special status, 119 pawnshops (121), 125 credit unions (127), five lessors, 40 insurance brokers and 74 collection companies (the number has not changed) were operating in the market of non-banking financial services.
