Ukraine’s insurance market continues to recover, showing steady growth. Last year, the Ukrainian insurance market demonstrated an increase in all key indicators: assets, insurance premiums, and payments. Total gross insurance premiums rose by 15%, reaching ₴53.1B, primari... #CASCO #InsuranceMarket #InsuranceUkraine #LifeInsurance
The EBRD has assisted the first Ukrainian companies in insuring themselves against war risk. Ukrainian companies now have access to a new war risk insurance program launched by the EBRD in collaboration with international insurance firms. This was made possible by the Ukraine Recovery and Rec... #ebrd #INGO #InsuranceUkraine #UNIQA #WarRiskInsurance
Last year, Ukraine’s insurance market shrank by 36%: the NBU sums up the sector’s annual results. According to the National Bank, Ukrainian insurance companies specializing in non-life insurance increased collected premiums by 12% in 2024 and in the life insurance segment by 14%. Growth is occurri... #InsuranceCompanies #InsuranceMarket #InsuranceUkraine #LifeInsurance #nbu
War risk insurance with a $50M limit for commercial real estate will be available in Ukraine. Insurance broker McGill and Partners and Ukrainian insurance company ARX, through the mediation of Ukrainian company FortuneGuard, are launching a commercial property war risk reinsurance program for ... #ARX #CommercialRealEstate #InsuranceUkraine #McGill #WarRiskInsurance
The ECA insures an investment project for a Ukrainian food manufacturer, providing ₴92M in coverage against war risks. The Export Credit Agency has insured the second project against war risks for an amount of ₴92M. The project is being implemented by a private enterprise, Vilis, which produces pasta and apple jam. Th... #ECA #FoodProductionUkraine #InsuranceUkraine #investments #ukrainianbusiness #Vilis #WarRiskInsurance
ARX and the DFC team up to offer war risk insurance coverage to businesses for up to ₴100M. The ARX company, a subsidiary of the international Fairfax Financial Holdings group, together with the DFC (US International Development Finance Corporation), will offer Ukrainian and international co... #ARX #DFC #InsuranceUkraine #WarRiskInsurance
WTW sees new market opportunities and offers insurance policies for organizations planning to operate in Ukraine. Foreign and local companies in Ukraine have adjusted to the new realities and continued to work and try to expand their operations during the war. Moreover, many companies are considering entering the... #ForeignCompanies #InsuranceUkraine #UkrainianMarket #WillisTowersWatson #WTW
The new state agency providing military risk insurance will stimulate investment in Ukraine. The NBU and the Ministry of Economy presented a draft law on the war risk insurance system, which provides for the protection of insurance interests of individuals and legal entities, aimed at ensurin... #InsuranceUkraine #investments #UkraineEconomy #WarRiskInsurance
The State Property Fund plans to introduce military insurance for privatization. The State Property Fund of Ukraine (SPFU) is actively seeking opportunities to expand export insurance instruments to cover war risks for privatization objects, said the head of SPFU, Vitaliy Koval. &... #InsuranceUkraine #WarInsurance
A Cypriot company buys more than 50% of a Ukrainian insurance company, and an Irish company, CRH, is finalizing the purchase of two cement factories in Ukraine for €100M. The Antimonopoly Committee of Ukraine (AMCU) allowed Saggarco Limited (Cyprus) to acquire more than 50% of the shares of the RESPECT insurance company. On April 19, 2024, Saggarco Limited entered into... #BuzziUnicem #CRH #Dyckerhoff #ebrd #ForeignInvestor #InsuranceUkraine #investments #RESPECT #SaggarcoLimited
ECA supported Ukrainian exports by ₴4.6B in half a year, the indicator increased by 150%. In the first half of the year, the Export Credit Agency of Ukraine increased the volume of export support by almost 150% compared to the corresponding period last year – up to ₴4.6B. It is noted... #ECA #InsuranceUkraine #MadeinUA #SupportUkraine #UkraineExport
War risk insurance will initially focus on retail products. According to NBU department director Pervin Dadashova, the NBU is finalizing work on a draft law that will establish a full-fledged military insurance system, which, for the first time, will focus on ... #InsuranceUkraine #nbu #WarRiskInsurance #WarRisks
NBU: Life insurance is a potential source of long-term funds for Ukraine’s economy. In Ukraine, there is a significant potential for the development of life insurance, which can become a source of long-term funds for the economy, said the deputy head of the NBU, Kateryna Rozhkova. Th... #InsuranceUkraine #KaterynaRozhkova #LifeInsurance #nbu #UkraineEconomy
Ukraine begins to insure investors against military and political risks. Export credit agencies (ECA) have started accepting applications for investment insurance against military and political risks. The agency will offer two insurance products – direct investment insuran... #ECA #InsuranceUkraine #MilitaryRiskInsurance #PoliticalRisk #UNITYinsurance #WarRisks
The EBRD will support Ukraine with €1.5B annual contributions until the end of the war. The European Bank for Reconstruction and Development has provided €4B in project financing across all sectors of Ukraine’s economy since the beginning of the full-scale invasion and will continu... #AnnaLebedynets #ebrd #financialaidforUkraine #InsuranceUkraine #SupportUkraine
Ukraine will soon launch a mechanism to insure investment loans against war risks. The Export Credit Agency will soon approve an investment credit insurance product, said Ruslan Hashev, head of the ECA board, at the My Export conference. Among the factors that determine the cost of ... #ECA #imf #InsuranceUkraine #InvestmentCredit #LoansforBusiness #MilitaryRiskInsurance
How will the EU’s Ukraine Investment Framework program work? The Ukraine Investment Framework (UIF) is an investment tool of the Ukraine Facility program, which is designed to mobilize investment for Ukraine’s recovery and development. Funding under this instru... #BusinessSupport #InsuranceUkraine #InvestmentsinUkraine #UIF #ukrainianbusiness
For the first time, international insurance broker WTW will cover war risks of goods transported by land in Ukraine. For the first time since the start of the full-scale war, Nasdaq-listed global insurance broker WTW has announced the launch of war risk insurance for overland cargo in Ukraine in partnership with Ukr... #Cargotransportation #InsuranceUkraine #MilitaryRiskInsurance #VUSO #WarRisks #WTW
Demand for property insurance against war risk is growing in Ukraine. Ukrainian companies are developing new directions for property insurance during the war, but there will be no payments in the event of weapons of mass destruction being used. Currently, the largest Uk... #INGO #InsuranceCompanies #InsuranceUkraine #MilitaryRiskInsurance #WarRisks
Raiffeisen has launched commercial war risk insurance and will insure ₴1B worth of property. Raiffeisen Bank has launched a new service in the Ukrainian market for business clients to insure various types of property against war risks. Insurance companies will provide coverage for property th... #ARX #INGO #InsuranceUkraine #MilitaryRiskInsurance #RaiffeisenBank #UNIVERSALNA #WarRisks
The export credit agency receives wider opportunities for investment insurance. The government approved the list of military and political risks and the terms and conditions of risk insurance for the Export Credit Agency (ECA). The approved resolution will improve the legal regul... #ECA #InsuranceUkraine #investments #MilitaryRiskInsurance #PoliticalRisk
How is Denmark helping to rebuild Ukraine? Recently, Denmark has become a leading provider of commercial support to Ukraine. The Danish government has done this through a fund that provides various commercial financing tools and reduces risk f... #DenmarkSupportUkraine #EIFO #IFU #InsuranceUkraine #InvestmentsinUkraine #UkraineRecovery
Unity Facility insurance coverage in the sea corridor has been extended to all cargoes. The Unity Facility grain transportation insurance mechanism for the Ukrainian maritime corridor, which has been in effect since November 2023, has been expanded to include vessels that carry not only ... #InsuranceUkraine #MilitaryRiskInsurance #UkrainianShipInsurance #UNITYinsurance #WarRisks
War risk insurance is gaining momentum in Ukraine. Ukrainian insurance companies are actively offering insurance against war risks to individuals and legal entities in various segments (auto insurance, real estate, medical, and agricultural insurance)... #INGO #InsuranceUkraine #MilitaryRiskInsurance
At the request of the IMF, Ukraine develops a war risk insurance system. The National Bank of Ukraine reported that the Financial Stability Board approved a conceptual memorandum for creating a fully functional war risk insurance system in Ukraine. This is stipulated by th... #imf #InsuranceUkraine #MilitaryRiskInsurance #nbu
The NBU has developed a concept for a military-risk insurance mechanism. It has already been agreed upon within the Ministry of Economy and Finance, reported a Deputy Head of the NBU, Kateryna Rozhkova. According to her, this concept provides for mandatory insurance of mil... #InsuranceUkraine #KaterynaRozhkova #MilitaryRiskInsurance #nbu
Ukraine plans to launch war risk insurance in 2024. The Export Credit Agency (ECA) plans to start insuring investments against military and political risks in the second quarter of the year, the EBA reports. The association reminds us that this year, a... #ECA #InsuranceUkraine #InvestmentsinUkraine #MilitaryRiskInsurance
Retailers EVA and VARUS confirm their large-scale investment plans and are counting on state assistance with risk insurance. Ruslan Shostak, the owner of the EVA and VARUS networks, confirmed the previously announced large-scale investment plans. Last year, the businessman created the Tervin Corporation, which has 17 compan... #EVA #InsuranceUkraine #investments #InvestmentsinUkraine #RuslanShostak #Varus
Zelenskyy’s office announces a plan to stimulate private investment. The Deputy Head of the President’s Office, Rostyslav Shurma, noted: “We understand that today there is practically zero investment interest in Ukraine. The main obstacles that are holding us bac... #InsuranceUkraine #investments #InvestmentsinUkraine #RostyslavShurma
Ukraine is launching the Ukraine Development Fund and anticipates $30B in investment over four years through the Ukraine Facility. At the World Economic Forum in Davos, Minister of Economy Yuliya Svyridenko reported that work is underway on the Ukraine Development Fund and other instruments for attracting investment. “In 2023, th... #Davos2024 #InsuranceUkraine #InvestmentsinUkraine #UkraineEconomy #UkraineFacility #YuliyaSvyridenko
14 export credit agencies provide guarantees to businesses for investment in Ukraine, said Prime Minister Denys Shmyhal. Ukraine, together with MIGA (The Multilateral Investment Guarantee Agency) and the DFC (The US International Development Finance Corporation), are implementing an in... #BlackSeaCorridor #DenysShmyhal #DFC #InsuranceUkraine #MIGA #UkrainianShipInsurance
State banks have begun to insure vessels that export goods through the sea corridor. State-owned Ukreximbank and Ukrgasbank, at the request of the Export Credit Agency, issued letters of credit for $10M each in favor of a pool of 14 British insurance companies to reduce the cost of in... #BlackSeaCorridor #ExportCreditAgency #InsuranceUkraine #UkrainianShipInsurance #Ukreximbank #Ukrgasbank
Ukraine has developed mechanisms to insure investments against war risks. The Ministry of Economy of Ukraine has worked in three key directions: access to financing of investment projects, insurance of military and political risks, mechanisms of support, and state stimulati... #InsuranceUkraine #InvestmentsinUkraine #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
The NBU is working on a new mechanism to insure military risk. The National Bank, together with the World Bank and the EBRD, is preparing a new mechanism to regulate military risk, which is planned to be presented no later than in the first quarter of 2024, the h... #AndriiPyshnyi #InsuranceUkraine #MilitaryRiskInsurance #nbu
Ukraine has officially launched a mechanism to insure investments against war risks. The Ukrainian Parliament adopted Law No. 9015 on insurance of investments against war risks through the Export Credit Agency (ECA). The document amends the current law on financial mechanisms for stim... #ECA #InsuranceUkraine #InvestmentsinUkraine #MilitaryRiskInsurance
Ukraine launches a Ship Insurance Fund. The $50M fund, created on November 14 together with the British government and a pool of insurance companies, may become operational as early as this week, said Minister of Economy Yuliya Svyridenko. ... #InsuranceUkraine #MilitaryRiskInsurance #UkrainianShipInsurance #YuliyaSvyridenko
The DFC and MIGA accelerate investment insurance in Ukraine. The American Development Finance Corporation (DFC) will send a special representative to Ukraine to hasten the acquisition of insurance by investors. He will advise both Ukrainian and international bu... #DFC #InsuranceUkraine #InvestmentsinUkraine #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
A French state-owned company will insure business investment in Ukraine, and enterprises seek to localize production. Ukraine’s Economy Minister Yuliya Svyridenko said: “We are discussing potential tools for Ukraine’s recovery, including war risk insurance, to enable French investors to enter Ukrain... #Bpifrance #InsuranceUkraine #InvestmentsinUkraine #MilitaryRiskInsurance #YuliyaSvyridenko
Poland is launching an investment fund with investment insurance for Polish and Ukrainian entrepreneurs in Ukraine, said the government commissioner for Polish-Ukrainian development cooperation, Jadwiga Emilewicz, during a meeting in the Kyiv office of the Polish Investment and Trade Agency. She noted that investme... #InsuranceUkraine #InvestmentsinUkraine #JadwigaEmilewicz #KUKE
The UK will help the EBRD with war risk insurance for projects in Ukraine. The UK will participate in developing and implementing a pilot project by the EBRD to provide insurance against war risks in Ukraine. The EBRD project envisages creating a new fund to promote the deve... #ebrd #InsuranceUkraine #MIGA #MilitaryRiskInsurance
MIGA and the DFC are finalizing six Ukrainian projects with war risk insurance. One of the projects is the Dragon Capital Industrial Park, which recently received $9.2M in military risk coverage from MIGA, said Economy Minister Yuliya Svyridenko. MIGA is working on two more proje... #DFC #InsuranceUkraine #MIGA #MilitaryRiskInsurance #UkraineEconomy #YuliyaSvyridenko
The availability of war risk insurance changes the investment environment in Ukraine and attracts private investors. According to Minister of Economy Yulia Svyridenko, the M10 industrial park, with 140,000 square meters of space, is currently being built in Lviv. The new industrial park has six production and storag... #DFC #InsuranceUkraine #KUKE #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
Ukraine asks the OECD to lower its country risk classification group to halve the cost of investment insurance. The Ministry of Economy, with the participation of Advantage Ukraine, is conducting active negotiations with export credit agencies (ECAs) in partner countries, emphasizing the importance of applying ... #InsuranceUkraine #InvestmentsinUkraine #MilitaryRiskInsurance #OECD #VolodymyrKuzyo
France will insure its companies against war risk in Ukraine. The French state insurance company Bpifrance Assurance Export will insure companies ready to participate in the reconstruction of Ukraine even before the end of the war, the Ministry of Economy report... #Bpifrance #InsuranceUkraine #InvestmentsinUkraine #MilitaryRiskInsurance
Insurance projects from a US corporation, DFC, will improve Ukraine’s investment climate. War and political risk insurance is essential for creating an appropriate investment climate for attracting private capital and supporting long-term projects for the reconstruction of Ukraine. Thus, i... #DFC #InsuranceUkraine #InvestmentClimateProjects #InvestmentsinUkraine #KUKE #MIGA #MilitaryRiskInsurance
Ukraine’s government expects seven military risk insurance projects from MIGA and DFC by the end of 2023. The Multilateral Investment Guarantee Agency (MIGA) can implement three military risk insurance projects in Ukraine by the end of the year, and the US International Finance Corporation (DFC) can launc... #DFC #InsuranceUkraine #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
The non-bank financial sector in Ukraine is slowly recovering, and credit unions have managed to increase their assets. This has happened for the first time in two years, according to a review of the non-banking financial sector for the second quarter of 2023. The volume of life insurers’ assets during the report... #CreditUnionUkraine #FinancialSectorUkraine #InsuranceUkraine
How military risk insurance will cover investment in Ukraine. When a person insures property against risk, they make payments to the company that are directly proportional to the probability of the risk event occurring. If the risk is realized, the insurer cover... #DmytroBoyarchuk #InsuranceUkraine #InvestmentsinUkraine #MilitaryInsurance #MilitaryRiskInsurance #WarinUkraine
The EBRD, the European Commission, and other partners will help Ukraine restart the private investment insurance market. The parties have agreed to create the Ukraine Reconstruction Guarantee Program to help ensure private sector insurance against war risks. In the first stage, the program will focus on the insurance of... #AnnikenHuitfeldt #DenysShmyhal #InsuranceUkraine #InvestmentsinUkraine #MilitaryRiskInsurance #ReconstructionUkraine #YuliyaSvyridenko
MIGA has started ensuring war risks in Ukraine. The Multilateral Investment Guarantee Agency (MIGA) of the World Bank, in cooperation with the Trust Fund for the Support of Ukraine Reconstruction and Economy (SURE), increased war risk insurance gua... #InsuranceUkraine #MIGA #MilitaryInsurance #MilitaryRiskInsurance #ProCreditBank #SURE
