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Ukraine: Regulator to suspend licenses of some insurers


The State Commission for Regulation of Financial Services Markets of Ukraine (Natskomfinuslug) has said it will strengthen its supervisory activities in the coming months, reported Forinsurer.

In a few months' time, the regulatory body will suspend or revoke the licenses of around 10% of insurers, the regulator's acting head said.

The regulator, which aims to remove problematic players in the market, has also dismissed reports that it has a list that categorizes insurers as white, gray and black.

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