Abstract: This paper is based on the information of the PJSC “IC “Unnamed Firm” (UF), which is a Ukrainian-based insurer, and a member of an international insurance group.

We do not have permission to mention the insurer's name, but we will only say that as by the end of 2024 it was among the top 5 largest general insurers in terms of gross premiums. The company launched in 2000. The regional network of UF includes more than 80 representative offices throughout Ukraine. The team of UF consists of about 600 staff members. UF, as a member of the international group, is governed by the general rules of structural management and doing business, in particular, the “Code of Business Ethics”, based on the group’s corporate mission and values, such as social responsibility, customer proximity, meeting the stakeholders’ needs, etc. Following the current insurance trends, insurers should be guided by a set of rules in their relationships with their key stakeholders. Thus, the usage of the top Ukrainian insurer conductions, in our opinion, will help others to form their vision and manuals in the domestic insurance market. Insurance conditions on the market are different, but stakeholders are the same, so the object of our article is the “Code of Insurance Ethics” analysis of UF. Our paper aims to outline the probability of applying certain provisions of the “Code” by Ukrainian insurers and provide recommendations for its upgrade. Compliance with ethical standards and regulatory requirements plays a crucial role in enhancing the competitiveness of insurers, fostering customer trust, and facilitating their seamless integration into international markets. In this context, analyzing UF's experience provides valuable insights into the practical implementation of corporate ethics and governance standards. This analysis serves as an important step toward developing effective mechanisms for adapting and improving best practices in the insurance sector, ensuring long-term sustainability and alignment with global industry trends.