The NBU has fined an insurance company 2.74 million hryvnias: what is known
22 April 06:57
The National Bank of Ukraine imposed a corrective measure on PJSC “Insurance Company “KD Life” and fined the company 2,741,099 UAH. The decision was adopted on April 20, 2026, by the NBU Committee on Supervision and Regulation of Non-Bank Financial Services Markets following the results of a scheduled inspection. This was reported by the National Bank, according to "Komersant Ukrainian"
Why the NBU fined the insurance company
As the regulator clarified, the fine was imposed for violations of certain provisions of the Law of Ukraine “On Insurance,” the Regulations on the Authorization of Financial Service Providers and the Conditions for Their Operation, as well as the Rules for the Preparation and Submission of Reports by Non-Bank Financial Services Market Participants to the NBU.
In other words, this involves violations in the areas of insurance, authorization, and reporting.
When the company must pay the fine
The NBU’s statement notes that PJSC “IC “KD Life” is required to pay the fine within one month from the date the decision takes effect.
The decision itself takes effect on the date it is brought to the insurer’s attention in accordance with established procedures.
What is known about the insurance company “KD Life”
According to public registries, PJSC “IC “KD Life” was registered on October 30, 2007, has EDRPOU code 35525143, and operates in the life insurance segment of the market.
The company’s authorized capital is UAH 53,302,200, and the listed director is Vitalii Viktorovych Kovalenko.
Legal entity status: registered.
The company’s registration details are also published on its official website, where the same legal entity is listed—PJSC “Insurance Company ‘KD Life’.”
What does this NBU decision mean?
According to the National Bank’s statement, the fine resulted from a routine inspection rather than an unscheduled response.
This means that the sanction is related to the results of the regulator’s standard supervisory control over the non-bank financial market.
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