COMPLIANCE OF "RISK" INSURERS WITH SOLVENCY AND INVESTMENT ACTIVITY REQUIREMENTS IN UKRAINE

B a c k g r o u n d . Ensuring the financial stability of insurance companies is particularly important in an unstable economic environment, in particular given the macroeconomic challenges are caused by inflation, war and the devaluation of the national currency. In addition, this aspect is particularly important for protecting the interests of policyholders. The purpose of the article is to analyze the compliance of risk insurers with the new requirements for solvency and investment activities introduced in 2024. M e t h o d s . The methods of financial analysis, content analysis and statistical data processing were used. The content analysis helped to identify requirements for insurers in terms of solvency and investment activity. Financial analysis was used to assess the financial performance of companies. Statistical data processing was used to calculate the currency risk ratio, financial stability ratio and other indicators. The obtained indicators were compared with the regulatory requirements and the own assessment of compliance was made. R e s u l t s . The author proposes to divide ‘risky' insurers into 3 groups according to the level of risk. The classification is an author's proposition, which is based on generally accepted financial indicators. They were adapted to the conditions of the Ukrainian insurance market. The research sample consisted of three insurance companies that represented different levels of risk in the Ukrainian market. An examination of their solvency and investment activities for compliance with the new NBU requirements revealed that the companies demonstrate different levels of compliance with these requirements. Non-compliance with the requirements highlights the importance of sufficient regulatory capital to maintain the resilience of insurance companies in the face of economic uncertainty. The analysis of investment activities showed that companies invest only in a limited set of long-term and short-term financial instruments, which are determined based on the basis of financial statements and the lack of wider asset diversification. C o n c l u s i o n s . It is established that, despite the legislative changes, the risks for them remain significant. The research has shown that companies with a lower financial strength ratio have limited opportunities to diversify their investment portfolios. This creates additional pressure on their solvency. Companies need to develop new mechanisms to stabilize capital and improve risk management efficiency, taking into account currency volatility, NBU requirements and international standards.