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Governance, Risk and Compliance – The Ukrainian Insurance Industry

Governance, Risk and Compliance – The Ukrainian Insurance Industry

Synopsis

Timetric’s 'Governance, Risk and Compliance – The Ukrainian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Ukraine.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

Summary

The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Ukraine, including:

  • An overview of the insurance regulatory framework in Ukraine.
  • The latest key changes, and changes expected in the country’s insurance regulatory framework.
  • Key regulations and market practices related to different types of insurance product in the country.
  • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Ukraine.
  • Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
  • Details of the tax and legal systems in the country.
Scope
  • The report covers details of the insurance regulatory framework in Ukraine.
  • The report contains details of the rules and regulations governing insurance products and insurance entities.
  • The report lists and analyzes key trends and developments pertaining to the country’s insurance regulatory framework.
  • The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
  • The report provides details of taxation imposed on insurance products and insurance companies.
Reasons To Buy
  • Gain insights into the insurance regulatory framework in Ukraine.
  • Track the latest regulatory changes, and expected changes impacting the Ukrainian insurance industry.
  • Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
  • Understand key regulations and market practices pertaining to various types of insurance product.
Key Highlights
  • The Ukrainian insurance industry is supervised and regulated by the State Commission for the Regulation of Financial Services.
  • 100% FDI is permitted in the Ukrainian insurance industry.
  • Composite insurance is not permitted in Ukraine.
  • The practice of non-admitted insurance is allowed in the reinsurance segment.
  • Key classes of compulsory insurance include motor third-party and expatriate health insurance.


  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
  • Governance, Risk and Compliance
    • Table Ukraine Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Ukraine Life Insurance Regulatory Framework
      • Property insurance
        • Table Ukraine Property Insurance Regulatory Framework
      • Motor insurance
        • Table Ukraine Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Ukraine Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party civil liability insurance
      • Workers'compensation insurance
      • State pension insurance
      • Expatriate health insurance
      • Insurance for property risks for extraction of oil and gas
      • Air carriers and aircraft operators’ insurance
        • Table Ukraine Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Liability insurance in respect of nuclear reactors and establishments
      • Personal accident insurance for all public rail, road, in-land waterways, and sea passengers
      • Civil liability insurance for public notary
      • Liability insurance with respect to oil pollution
      • Liability insurance against fire and accidents of high risk
    • Supervision and Control
      • International Association of Insurance Supervisors
      • State Commission for Regulation of Financial Services
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Ukraine Corporate Tax Rates in Ukraine for the Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric'sServices
    • Disclaimer

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