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The NBU announced a new law on insurance

News 15 september 2020 in 13:58

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The National Bank of Ukraine will soon submit proposals on the draft new edition of the Law of Ukraine "On Insurance". This was reported by the press service of the National Bank with reference to Olga Maksimchuk, Director of the NBU Department for Supervision of the Insurance Market.

According to Maksimchuk, the draft law "On insurance" should finally remove the barriers to the execution of any insurance contracts in electronic form and generally provide insurance companies with much more freedom in the form and content of contracts.

"This will expand the channels of their interaction with clients, and most of the processes will be able to proceed completely remotely, from the execution of the contract to the settlement of insurance claims. This, in turn, will optimize operating costs and increase the efficiency of many of the insurer's processes, which is especially important during the period of validity. quarantine, and will positively affect the continuity of the work of insurers", - in the message of Maksimchuk.

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