The National Association of Insurers of Ukraine has identified the main areas of activity for 2023

The NAIU held a General Meeting of Members, during which a number of key issues of the Association’s activities were approved

The NAIU held a General Meeting of Members, during which a number of key issues of the Association’s activities were approved.

In particular, the annual plan and the main activities of the Association for 2023 were approved, as well as the powers of the CEO were extended.

The main activities include improving the taxation of insurance activities, focusing on tax incentives for the development of voluntary health insurance, stimulating life insurance through the introduction of tax incentives, reforming tax legislation to avoid double taxation and in connection with the transition to IFRS 17.

Also among the priority tasks are the implementation of the Law of Ukraine “On Insurance”, updating the Law of Ukraine “On Compulsory Motor Third Party Liability Insurance”, improvement (simplification) of financial monitoring, implementation of IFRS 17 and promotion of digitalization of insurance activities.

In addition, the action plan traditionally includes interaction with the NBU, including on the regulatory regulation of insurers, with the committees of the Verkhovna Rada on the regulatory regulation of insurers, as well as with the Motor (Transport) Insurance Bureau of Ukraine, including on the improvement and implementation of the regulatory framework for compulsory insurance. The issues of improving the regulatory framework of Ukraine for the development of the insurance market based on the principles set out in the NBU White Paper and improving the project of information exchange between insurers “Project of disclosure. Monitoring and analysis” were also covered.

Another area of activity for the next year is the development of international relations, in particular, through the acquisition of membership in international insurance and related organizations.

During the event, the participants of the community unanimously supported the decision to extend the powers of Denis Yastreb as the CEO of the NAIU.

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