No foreign investors are to enter the Ukrainian insurance market because of its lack of potential," Director General of the Ukrainian Insurance Federation (UIF) Andriy Peretiazhko has said during the roundtable on Thursday.

He said that even Ukrainian and Russian investors don't see the Ukrainian insurance market as a target for investment. Moreover, they plan to drop investments already made, as they don't see prospects in remaining shareholders in the insurance companies.

"It means that this market is at risk," the expert said.

According to Peretiazhko, the share of Ukrainian insurers in compensating for damage caused to the economy is 1%, while in Poland it's 15-20%, and over 70% in other countries.

According UIF director reported, referring to the federation's data, that the real insurance sector in Ukraine dropped below 50% in 2012 and now is within 43-45%.

As the expert said, in 2013 the optimization of insurance schemes is expected, and this could already be seen in Q1, 2013.

The main reason of this negative phenomenon is the introduction in 2012 of amendments to the law on the functioning of the insurance market, he said.

To change the situation he proposed that the quality of insurers' assets be improved, and their payment capacity be increased.

"But this has to be done step by step over two years...It's impossible to make a market make sharp movements," Peretiazhko said.

Moreover, according to the expert, it's necessary for insurers to disclose information on their work, develop the personal insurance sector, and participate in obligatory medical insurance and pension reform, drawing attention to the protection of consumers' rights, improve taxation, and integrate into the European market.