In Ukraine conditions of granting of licenses to the insurance companies which are engaged in obligatory insurance civil-legal responsibility in the near future will be changed.

In Ukraine conditions of granting of licenses to the insurance companies which are engaged in obligatory insurance civil-legal responsibility in the near future will be changed. Chairman of State Financial Services Valery Alyoshin has informed this innovation. As he said, licenses for insurance activity will stand out to those companies which have the sufficient capital for warranting the solvency before the client. Introduction of such requirements will allow to clear the financial market of Ukraine of the insolvent insurance companies of the companies. Considering activation of interaction of banks and insurance companies. State Financial Services together with National Bank in the long term plans to introduce supervision of financial establishments of Ukraine on the consolidated basis.

Insurance in Ukraine