Association
The National Association of Insurers of Ukraine (NASU) is a non-profit association of insurance market leaders. We develop and implement common rules and high standards of activity, represent our members in dialogue with the National Bank of Ukraine, the Verkhovna Rada and the Government, and publish up-to-date market indicators.
14
non-life insurers
8
life insurers
80 %
of non-life premiums
92 %
of life premiums
The goal of NASU activity is the development, approval and implementation of a high level of rules and standards of activity in the insurance services market.
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Participation in the development and improvement of legislation in the field of insurance
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Organisation and conduct of independent expert review of legislation and legislative drafts
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Protection and representation of the common lawful interests of the Association’s members
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Implementation of projects aimed at the formation and development of the insurance services market
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Promotion of an attractive investment environment in the Ukrainian insurance market
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Informational, advisory, methodological and organisational support for the Association’s members
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Synthesis and dissemination of advanced international experience in the field of insurance
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Interaction with other professional associations in the financial market to establish a civilised and highly professional financial services market in Ukraine
Priorities of the year
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Implementation of the Law of Ukraine “On Insurance” and the regulatory acts adopted for its execution
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Refining the Law of Ukraine “On Insurance” and the Law of Ukraine “On Compulsory Third-Party Liability Motor Insurance” within the negotiation process between Ukraine and the EU, taking into account the MTPL, IDD and Solvency II directives
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Improving Ukraine’s regulatory framework to foster the development of the insurance market, based on the principles of the NBU’s “White Paper”
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Improvement of the taxation of insurance activities
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Lobbying for amendments to the Law of Ukraine “On Insurance” and the Tax Code of Ukraine regarding the concept of activity of insurance intermediaries
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Participation in insurers’ compliance with training requirements for insurance intermediaries; cooperation with banks, marketplaces and brokers on their implementation of those requirements
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Improvement (simplification) of financial monitoring procedures
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Cooperation with the National Bank of Ukraine, including on the regulatory framework for insurers’ activities
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Cooperation with the Committees of the Verkhovna Rada of Ukraine on the regulatory framework for insurers’ activities
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Cooperation with the Motor (Transport) Insurance Bureau of Ukraine (MTIBU), including the improvement and implementation of the regulatory framework for compulsory insurance
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Enhancing the PDMA information exchange project among insurers
Partnership
The NASU is an associate member of Insurance Europe, the European insurance and reinsurance federation that brings together national insurance associations across Europe.
insuranceeurope.euDevelopment of health insurance
Ukrainian Interbank Association of Payment System Members — development of open banking
Motor (Transport) Insurance Bureau of Ukraine — information exchange in compulsory motor third-party liability insurance
Strategic partnership and cooperation
Parties: the Ministry of Economy of Ukraine, Marsh McLennan, AON, MS Amlin and Fairfax — with the support of Lloyd’s of London, the Government of the United Kingdom, the EBRD, the European Commission, the Norwegian Ministry of Foreign Affairs and UNDP
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH — memorandum of understanding
Selected matters of the development and functioning of Ukraine’s insurance market
Partnership and cooperation
Ukrainian National Committee of the International Chamber of Commerce — partnership and cooperation
Governance
Members of the Association have the right to take part in the General Meeting, to put forward proposals for its agenda and to receive reports on the Association’s activities.
Rights and obligationsA collegial body of the Association. The decision to acquire membership in the Association is within the competence of the Presidium.
Presidium membersThe executive body responsible for the day-to-day work of the Association: analytics, legal support and communications with members and partners.
Office teamThe Association is free for entry and exit of new members. A member may be an insurer that carries out its activities in accordance with the legislation of Ukraine and agrees to comply with the rules of participation in the Association.
Contacts
Legal address
01054, Kyiv, O. Honchara St., 24, office 4
Correspondence address
01024, Kyiv, Liuteranska St., 16, offices 16–17
Phone
The NASU is registered as a lobbying entity in the Transparency Register