The insurance market of Ukraine has undergone significant changes over the last three years, becoming more transparent, resilient, and cleansed of illegal schemes. Its orientation is now focused on the real needs of consumers and businesses, making it attractive to investors. Even in the difficult period of war, this sector is showing quality growth and is viewed as a platform for future development.
Interview with the Governor of the National Bank
In a major interview for Interfax-Ukraine, the Governor of the National Bank, Andriy Pyshnyy, shared his thoughts:
How deep reform of the market was achieved and how long-standing systemic problems were broken;
Why today the insurance sector is stable, capitalized, and profitable;
What the next stage of transformation will be: from corporate governance to the implementation of European directives;
How a new long-term model for insuring military risks will be formed;
Whether the market is ready to take on part of the functions of the state in the area of social insurance.
Over the last three years, the insurance market of Ukraine has undergone significant changes, becoming more attractive to investors, resilient, and transparent. This sector is showing quality growth and is preparing for further transformation, considering European standards and new challenges, including in the area of military risks and social insurance.