Ukraine’s insurance market is growing and becoming more transparent during the war, and is also demonstrating a high degree of adaptability to challenges, NBU Governor Andriy Pyshnyy said at the Ukraine National Insurance Conference.
The Ukraine National Insurance Conference (UNIC) was initiated and organized by the Federation of Insurance
Associations of Ukraine (FIAU). According to Viktor Berlin, Chairman of the FIAU Coordination Council, UNIC is an open, professional platform for systematic dialogue between the state, the regulator, insurance companies, and the expert community.
Opening the conference, Andriy Pyshnyy, Governor of the National Bank of Ukraine, emphasized that the insurance market has undergone significant transformations in recent years. Following market consolidation, 57 insurance companies are now operating, yet their assets are 30% higher than before, when there were 215 companies.
“Imagine the year 2026, and we are only now beginning to talk about development. And here it is indeed appropriate to characterize the insurance market at the moment we are currently in. In three words: cleaned up, nearly transparent, profitable. But I will add: investment-attractive and very promising. One that wants to play a role in the development of the economy,” noted the Head of the NBU.
According to Pyshny, another important achievement was that the market has united, insurers have become partners, and this conference is a testament to that.
“They know each other; they understand how important it is to come together; they’ve formed a truly wonderful association. This association speaks not as individual companies serving someone’s interests, but as the voice of the industry. And that voice is being heard today in Ukraine and around the world,” emphasized the head of the National Bank.
“When we organized this event, we wanted everyone to see how many of us there are and who we are. So that we understand what we’re really worth. We’re worth the best. Our main task, in my view, is to gain autonomy. Insurers are investors in the economy; if we develop, we will drive the economy,” emphasized Viktor Berlin, Chairman of the Coordinating Council of the Federation of Insurance Associations of Ukraine.