Annual report of Insurance Europe

Denys Yastreb, Head of the National Association of Insurers of Ukraine (NAIU), for the annual report of Insurance Europe

Challenges of climate change. Digitalization as a tool for financial inclusion. Concepts of sustainable development. The need for an explanation of the essence, features, and importance of insurance, also to regulators. Changing approaches to pension provision. A choice that determines the future. Insurance of electric vehicles and insurance fraud. Cyber resilience and personal data. Consumer rights protection and new tools they can use. Approaches to solvency and the impact of reinsurance. These are urgent topics in insurance that currently concern European insurers.

The war in Ukraine is also among these topics. Denys Yastreb, Head of NAIU, had the honor to provide Insurance Europe with his vision of the ongoing war.

About the uncertainty of the first months, about the endurance, adaptability, and resilience of insurers, about the leadership of the NBU. As a citizen of Ukraine, as the head of the association of Ukrainian insurers, as a witness and participant in events.

The topic of insurance during war has become part of Insurance Europe’s annual report, the European Insurance and Reinsurance Federation.

NAIU is part of Insurance Europe, the only representative from Ukraine. The role of Insurance Europe is not only to provide expertise and experience of European regulation, which we are currently only implementing. Insurance Europe is a liaison between the European Commission and the insurance industry, contributing, in particular, to the resolution of issues related to the export of Ukrainian grain and other agricultural products, the import and export of other goods where insurers’ involvement is necessary.

The annual report of Insurance Europe will be useful to insurers and regulators, scientists and experts in insurance, to everyone who sees Ukraine as part of the European insurance family. The report is available here