Address of LIOU with a proposal to launch in Ukraine a professional holiday of insurers on consideration in the Government and National Commission for State Regulation of Financial Services Markets

Address of the League of Insurance Organizations of Ukraine with a proposal to launch a professional holiday Day of Insurance in Ukraine sent for consideration to the Cabinet of Ministers of Ukraine and the National Commission for state regulation of financial services markets. This was informed in a letter to LIOU from First Deputy Head of Presidential Administration of Ukraine V.Kovalchuk.

The importance and need for this date for employees in insurance and citizens of Ukraine, League of Insurance Organizations of Ukraine brings to public authorities for over 10 years and although the establishment of this holiday does not require any additional expenditures from the State budget and a similar celebration already exist in many countries, the issue is still not resolved.

The date of the celebration in Ukraine, League of Insurance Organizations of Ukraine proposes to May 10 because on this day in 1993 entered into force on the first in the history of independent Ukraine regulation of insurance – Decree of the Cabinet of Ministers of Ukraine “On insurance”, which laid the foundation for the development of the industry. According to the Decree was introduced licensing of insurance, insurers reporting system and methods of state regulation of the insurance market.

“League of Insurance Organizations of Ukraine proposes Cabinet of Ministers of Ukraine and the National Commission for State Regulation of Financial Services to support the initiative of the insurance market of Ukraine for the official establishment of state-level “Day of insurance”, and stresses that the insurance market of Ukraine is 25 years old and it would be symbolic, installation of the professional holiday right now, “- said President LIOU Alexander Filonyuk.