Every day, our country follows the path of independence, while confirming the European identity of the Ukrainian people and the irreversibility of Ukraine’s European and Euro-Atlantic course.
Every Ukrainian puts labor, mind, soul and life into this path.
Today, insurers have also taken a step that confirms our belonging to a large European community: The National Association of Insurers of Ukraine has been admitted to Insurance Europe, the European Federation of Insurance and Reinsurance.
We are grateful and proud to become part of a respected association that, through 36 member associations, represents 922,000 employees and more than 4,900 insurance and reinsurance companies of all types and sizes, accounting for about 95% of total European premiums.
The mission of Insurance Europe is to continuously draw attention to issues of strategic interest to all European insurers and reinsurers; to raise awareness of the role of insurers and reinsurers in providing insurance protection and security to society, as well as in promoting economic growth and development; and, as the expert and representative voice of the insurance industry, to promote the development of a competitive and open market in the interests of the European consumer as well as corporate clients.
Insurance Europe is the voice of the European insurance industry at the European and international levels, a fair and reliable partner and coordinator for institutions, policy makers and supervisors. In the regulatory process, Insurance Europe develops, promotes and defends the industry’s positions, which are backed by research and experience. Insurance Europe provides an infrastructure for the exchange of information and experience between members, and provides information and advice on issues of interest to the European insurance market.
Insurance Europe contributes to strengthening confidence in the European insurance sector, just as the NAIU contributes to strengthening confidence in the Ukrainian one.
The National Association of Insurers of Ukraine is convinced that membership in Insurance Europe is also an important step towards the proper implementation of European legislation in Ukraine. The experience, expertise, failures and achievements of Insurance Europe members can be used for the overall achievements of Ukrainian insurance.
In the short term, these achievements are seen in corporate governance, accounting and reporting, implementation of IFRS and Solvency, consumer protection and distribution of insurance products, financial monitoring and taxation, insurance fraud prevention and data protection, digitalization and cyber security.
The experience in cross-border motor insurance (Claims History Guidelines, International Sharing Agreement (ISA), participation in the International Convention on the Recovery of Stolen Vehicles (ICRV)) can be attributed to the medium-term horizon.
We are also confident that the issues that have not yet arisen for Ukrainian insurance will become relevant for us and will also be addressed jointly: climate change and the use of artificial intelligence, social dialogue, diversity and inclusion.
For its part, the NAIU is ready to provide the most up-to-date data of its members through the PRIMA data disclosure project, provide expertise and research on the Ukrainian insurance market, and ensure that regulatory and regulatory initiatives are tested and analyzed for their compliance with market realities and needs.
Like our European government partners, Insurance Europe unequivocally condemns the military actions of the russian federation to invade Ukraine and expresses its full solidarity with the Ukrainian people who are demonstrating incredible strength and courage in these most difficult times.
We thank for your support, respect and trust.
We are convinced that the expertise and experience, the desire for improvement and new results achieved by the coordinated work of the office and members of the Association will ensure worthy participation and representation of Ukrainian insurance in European insurance.
The NAIU is confident in this, as it is the national association representing the vast majority of the Ukrainian insurance market (including domestic companies and foreign companies), which is a prerequisite for participation in Insurance Europe.
