NAIU summer general meeting

On August 9, 2023, NAIU members gathered to discuss the current situation in the insurance market and the Association’s activities.

The head of the Association, Denys Yastreb, described the state of the market, the main trends and challenges, as well as outlined the role and activities of the Association. Prospects and further directions of actions planned to be implemented were also outlined. In particular, the Association will continue preparations for the implementation of the new Insurance Law, provide expert and methodological support to insurers, expand the PDMA information exchange project, deepen the exchange of experience and information interaction, and provide an assessment of the impact of legislative changes for the needs of participant

NAIU participants confirmed the focus of the community’s activities on supporting the idea of ​​a transparent, solvent and stable insurance market, increasing its attractiveness for investors, diversifying products, high standards of business conduct and protection of consumer rights. Compliance with the approaches outlined in the White Book to solving market problems and implementing a new regulatory model also remains among the priority task

The composition of the NAIU Presidium was also updated, which traditionally consists of 9 people: two representatives of life insurers and seven representatives of non-life companies.

Next year, the composition of the control and management body of the Association, which is authorized to carry out general control over the activities of the NAIU, is as follows: