The National Bank has updated the rules for assessing assets for calculating the regulatory capital of insurers
The National Bank of Ukraine has made changes to the methodology for assessing insurers’ assets and liabilities, which is used to calculate regulatory capital. Updates concern both the assessment procedure itself and the procedure for checking its validity. The resolution enters into force on August 2, 2025, reported in the press service of the regulator.
The changes provide, in particular, the establishment of a procedure for verification by the NBU regarding the value of real estate objects, which is used by insurers in calculations, as well as the consequences of not submitting documents for such verification — in this case, the object will have zero value.
The requirements for subjects of appraisal activity have also been expanded: they must have relevant experience and an impeccable professional reputation, which is confirmed by the absence of violations of regulatory and legal acts and negative reviews received through the State Property Fund or the National Bank. Clarifications have also been made regarding the procedure for determining the value of OVDP and OZDP taking into account the accumulated coupon income.
In addition, insurers must record in their internal documents which data they use to estimate the value of the OZDP when calculating the regulatory capital. In order to implement the new requirements, companies have been given a transition period until December 31, 2025, during which they must adapt their activities to the changes.
