YALTA, Sept. 17 – Ukrainian insurance companies in H2 may see premium collection fall due to problems in the banking sector.

Speaking at the at the eighth International Yalta Forum of Insurers on Tuesday, Valeriy Alyoshin, chairman of the state commission for regulation of financial services markets, said that events occurred in June [flood in western Ukraine] are evidence of the availability of a potential for growth in property insurance in the country.

Alyoshin said that in H1 life insurance grew by 60%, responsibility insurance – by 69%, obligatory insurance – by 34%, the obligatory insurance of a vehicle owner's civil liability to a third party, also known as OSAGO, – by 74% and property insurance – by 43.7%.