Business news from Ukraine

“MetLife” has received from National Bank expanded scope of licenses

20 June , 2024  

On June 17, the National Bank of Ukraine (NBU) has agreed with MetLife PJSC, specializing in life insurance, to expand the scope of the license for direct insurance and incoming reinsurance.

According to the regulator’s website, the company has received the right to carry out insurance in the classes of accident insurance (including industrial injury and occupational disease) and sickness insurance (including health insurance).

The message also underlines that taking into account this extension the license of PJSC “MetLife” is considered to be reissued.

According to the statements of PJSC “MetLife”, the volume of insurance premiums of the company in the specified period amounted to UAH 2,489 billion, insurance reserves – UAH 6,186 billion.

For 2023 the insurer has paid out insurance indemnities in the amount of UAH 516,6 mln.

The share of the company by the volume of insurance reserves in the life insurance market is 31,3%.

Private JSC “MetLife” is a part of the leading world corporation MetLife. The company has been operating in Ukraine since 2002. The main lines of business are accumulative life insurance, accident and critical illness insurance, corporate insurance and bancassurance.

 

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