The Committee of the National Bank of Ukraine for Supervision and Regulation of Non-Banking Financial Services Markets published a decision confirming compliance of the ownership structure of PRIVATE JOINT STOCK COMPANY INNOVATIVE INSURANCE CAPITAL with transparency requirements.
In the course of monitoring compliance with the requirements for the ownership structure of financial service providers, the NBU did not find that the ownership structure of PJSC INSK did not meet the requirements set forth in Section III of Regulation No. 30 as of the date of this decision.
The decision comes into force on the date of its adoption – 23.10.2023.
The full text of the decision is available here.
In addition, ensuring the transparency of the ownership structure and its compliance with legal requirements is a prerequisite for obtaining and maintaining an insurance license. This is an important criterion for the reliability of an insurance company, which indicates its honesty and willingness to provide reliable information to its customers and partners.
For reference:
PJSC “INSK” was included in the State Register of Financial Institutions on August 21, 2004. As of the date of this decision, the Company has 27 licenses for conducting business activities in the provision of financial services (except for professional activities in the securities market) in the field of insurance.