On May 5, the National Bank of Ukraine (NBU) has cancelled the licenses of Universal Policy Insurance Company (Kyiv) due to repeated violations of license conditions during the year.
According to the regulator’s website, the company fails to comply with mandatory financial ratios (solvency and capital adequacy ratio and risk operations ratio).
Earlier it was reported that “IC “Universalniy Polis” was subjected to a temporary suspension of the license on November 11, 2022.
The NBU notes that according to accounts for 2022, the amount of insurance premiums collected by the company was UAH 72 million (90% of them – from reinsurers), insurance payments – UAH 36 million. The market share of the company according to the results of 2022 is 0,2%.
According to reports for the first quarter of 2023, “IC “Universal polis” has not received insurance premiums.
IC “Universal polis”, registered in 2001, specializes in providing services in the field of risk insurance.
