Business news from Ukraine

FOUR INSURANCE COMPANIES LEAVE UKRAINE IN JULY

6 August , 2021  

The National Bank of Ukraine in July 2021 excluded four insurance companies from the state register of financial organizations, reducing their total number to 177, according to the central bank’s website.
Currently, 160 non-life insurers (there were 162) and 17 life insurance companies (there were 19) and 61 insurance brokers operate in Ukraine.
As reported, the committee on supervision and regulation of the non-bank financial services markets of the National Bank of Ukraine at a meeting on July 23 excluded PrJSC D-LIFE (Poltava) from the state register of financial organizations and on July 9 excluded PrJSC Alliance-Garant insurance company (Vyshgorod, Kyiv region), PrJSC Tekom-Life (Odesa) and PrJSC Capital-Insurance (Brovary, Kyiv region).
The decision was made according to the companies’ requests.