KYIV. July 17 (Interfax-Ukraine) – The League of Insurance Organizations of Ukraine (LIOU) plans to expand directions of the operation of the financial committee, creating the investment division headed by the chief of the investment department of OTP Capital asset management company and a member of LIOU, Taras Yeleiko, the league said in a press release.
According to the report, the decision was made at a meeting of the financial committee on July 15, 2015.
The financial committee will be renamed the financial and investment committee.
The structure of reserves of insurance companies and yield from them, strategies to manage insurance reserves within legal restrictions will be coordinated by the investment division. The analysis of the banking market, limits for banks with investment rating, tools with fixed yield, current yield will be conducted, and the macroeconomic indicators and the hryvnia exchange rate forecasts will be drawn up.
According to the document, at the meeting special attention was paid to the discussion and approval of proposals of LIOU members to the draft resolution of the national commission for financial service markets regulation on approving mandatory criteria and requirements for adequacy, diversification of insurers’ assets and their quality.
