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Insurers in Crimea allowed to operate under Ukrainian licenses until Jan. 1 2015

March 26, 2014 - 7:19am

Insurers in Crimea have been allowed to continue their operations under licenses provided by the Ukrainian regulator until Jan. 1 2015, Forinsurer reported.

Their activities will be required to follow certain specifications established under the Russian legislation.

Figures show that Ukrainian insurers in Crimea received around 200 million Ukrainian hryvnia ($18.9 million) in 2013, while payments totaled around UAH 50 million ($4.71 million).

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