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01.09.2009
Natural Insurance Selection
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Not a kind of optimistic results from operations in Ukraine's insurance sector have been voiced at the Ukrainian Insurance Forum, which took place in early June. The real situation in banks' lending has considerably cut gains from property insuring, primarily of pledged cars. The insurance companies' asset quality and solvency have eroded, with concentration of market players increased. The number of insurance claims is growing, yet the reimbursements are paid with more longer delays. The insurers' branch network has retrenched, and the commissions to brokers and agents leave much to be desired. And these are only several challanges faced by Ukrainian insurers. |
