One insurance company voluntarily left the Ukrainian insurance market in November 2022 and six more insurers – compulsorily, with one insurance broker included in the register, according to the website of the National Bank of Ukraine (NBU).
Overall, the number of participants in the non-banking financial market in November decreased from 1572 (as of October 31) to 1522 (as of November 30).
As of November 30, there were 117 non-life insurers (there were 124 in October) and 13 life insurers (the number remained unchanged), 187 pawnshops (190), 166 credit unions (173), 806 financial companies (839), 63 insurance brokers (62) and 67 collection companies (the number remained unchanged).
The NBU also notes that 21 financial companies, one insurer, one pawnshop and six credit unions had their licenses revoked voluntarily (on the basis of applications submitted by them) and 17 financial companies, seven insurers and three pawnshops had their licenses revoked involuntarily (as a coercive measure).
In addition, six financial companies had part of their licenses revoked voluntarily, and five financial companies and one insurer had part of their licenses revoked involuntarily.
In November, the licenses of three financial companies and one leasing company were suspended. At the same time, licenses have been renewed for 15 financial companies and six pawnshops.
The number of banks has not changed and amounts to 67.
In addition, 24 banking groups and 23 non-banking financial groups are recognized in the market.
There are 38 national payment systems, including the state ones, and 16 international payment systems are operating in the payment market.
In November, the NBU received 403 registration and license applications from the market participants. The number of requests on financial companies, pawnshops and lessors was 267. The number of requests on credit institutions (banks and credit unions) was 53, on insurers – 74, on payment institutions – nine.
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