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Ukraine: Planned rules mandate insurers to adopt risk management strategy

February 5, 2014 - 6:00am

Planned rules by Ukraine's financial regulator require every insurer to adopt a risk management strategy, Forinsurer reported.

The rules, approved at a recent regulatory meeting, are aimed at ensuring insurers' financial stability and preventing insolvencies.

Insurers can choose and adopt a strategy that is suitable for them. The Ukrainian insurance market does not currently have a uniform approach to risk management.

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