Ukrainian businesses will start insuring elevators against war risks. Elevator equipment manufacturer KMZ Industries concluded a partnership agreement with the leading insurance company in Ukraine, ARX, regarding the provision of insurance services for elevator complexe... #AgroLossesUkraine #GrainElevator #Kernel #KMZIndustries #MilitaryRiskInsurance #nibulon #UkrLandFarming #WarRisks
Experts name the factors stopping investment in new wind power plants in Ukraine. According to the head of the Ukrainian Wind Energy Association, Andriy Konechenkov, new distributed generation capacities can compensate for the loss of 10 GW of traditional energy capacities. As well... #EnergyInvestments #ForeignInvestor #MilitaryRiskInsurance #RESinvestments #WarRisks #WindEnergyUkraine
The world’s largest insurance broker announced an unprecedented $350M war risk insurance program in Ukraine. Insurance company Aon announced the launch of an $350M war risk insurance program in Ukraine during URC2024. It is designed to simplify Ukraine’s attraction of foreign investment during the war.... #AON #ARX #DFC #MilitaryRiskInsurance #ScottNathan #URC2024
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
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
Military risk insurance is now provided by almost all Ukrainian insurers. More and more Ukrainian insurers are offering protection against war risk, and their number is is almost equal to the entirety of the active insurance market, about 50 companies, said the director of ... #DenysYastreb #MilitaryInsurance #MilitaryRiskInsurance #WarRisks
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
Investment opportunities in Ukraine over the next 10 years will exceed $292B. The Ministry of Economy has identified sectors for investment that may interest foreign companies – energy, transport and logistics, agro-processing, critical materials, green steel, and digital... #InvestmentsinUkraine #MilitaryRiskInsurance #UkraineFacility #VilleTavio #YuliyaSvyridenko
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
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 exported record volumes during the war, and for the first time, a ship has been insured against war risks. Domestic producers exported 12 million tons of products in January, two million tons less than in pre-war January 2022. The Ministry of Economy noted that 8.7 million tons were exported by sea. As Min... #BlackSeaCorridor #MilitaryRiskInsurance #UNITYinsurance #YuliyaSvyridenko #ВідвантаженнятоварівУкраїна
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
Ukraine will develop investment and business partnerships with Sweden and Switzerland. The Ukrainian contingent emphasizes that a war risk insurance infrastructure has been created to allow foreign investors to enter the Ukrainian market, and work is ongoing on additional investment att... #Davos2024 #ECA #InvestmentsinUkraine #MilitaryRiskInsurance #VolodymyrKuzyo
Ukraine is strengthening the security of its maritime exports with the help of ship insurance and by reducing the military threat from Russia. Ukraine, the UK, and international insurance companies, with the participation of Marsh, an insurance broker that is part of Oliver Wyman, have created a special, unprecedented insurance mechanism for... #BlackSeaCorridor #GrainCorridors #MilitaryRiskInsurance #OliverWyman #UkrainianShipInsurance #ВідвантаженнятоварівУкраїна
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
The Ukrainian government discussed a special investment mechanism within the four-year EU program to reduce financing risks in priority sectors. On December 4, the Ministry of Economy of Ukraine consulted with an EU delegation regarding Component II of the Ukraine Facility program for 2024-2027. Component II creates a special investment mechan... #InvestmentsinUkraine #MilitaryRiskInsurance #UkraineFacility #VolodymyrKuzyo
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 UK will help Ukraine make insurance for ships in the Black Sea more affordable. Ukraine and the UK have agreed on a special mechanism for the insurance of military risks during exports through the Black Sea corridor, Prime Minister of Ukraine Denys Shmyhal said. As he clarified, ... #BlackSeaCorridor #DenysShmyhal #MilitaryRiskInsurance #UkrainianShipInsurance #ВідвантаженнятоварівУкраїна
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
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
MIGA has provided Ukraine with almost $200M in guarantees. Since the beginning of the Russian invasion, MIGA has provided Ukraine with guarantees totaling $196M, noted Minister of Finance Serhiy Marchenko. Also, MIGA contributed to creating the SURE war risk ... #MIGA #MilitaryRiskInsurance #SerhiyMarchenko #SURE
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
MIGA has insured the first investment project in Ukraine against war risk. The insured project is the M10 Industrial Park in Lviv, which received a guarantee from the World Bank’s Multilateral Investment Guarantee Agency. MIGA provides guarantees of up to $9.2M to a Cy... #IndustrialPark #InvestmentsinUkraine #LvivIndustrialpark #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
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
Cargo vessels will arrive through a temporary corridor to load grain in Ukraine, and the Puma has left the Ukrainian port. According to Minister of Infrastructure Oleksandr Kubrakov, the bulk carriers Resilient Africa and Aroyat have confirmed their readiness to use the entrance route to the port of Chornomorsk to load al... #BlackSeaCorridor #GrainCorridors #MilitaryRiskInsurance #OleksandrKubrakov #ВідвантаженнятоварівУкраїна
Ukraine works on insurance for grain carriers with global insurers: the country will try to free its ports. According to the Deputy Minister of Economy of Ukraine, Oleksandr Hryban, Ukraine is finalizing a scheme with global insurers to insure grain ships heading to and from Ukrainian Black Sea ports. The s... #agroexportukraine #GrainCorridors #MilitaryRiskInsurance #OleksandrHryban #UkrainianShipInsurance
Ukraine plans to insure vessels that pass through the grain corridor. Ukraine has insured all merchant vessels that export and import goods through the Danube ports and is considering insuring ships that will pass through the grain corridor, Prime Minister Denys Shmyhal... #agroexportukraine #DenysShmyhal #GrainCorridors #MilitaryRiskInsurance #UkrainianShipInsurance
The Export Credit Agency of Poland can join the war risk insurance program. Ukraine and Poland discussed the inclusion of the Polish Export Credit Agency (KUKE) in war risk insurance. According to the Ministry of Economy this was discussed during a meeting between Deputy Mini... #InvestmentsinUkraine #JadwigaEmilewicz #KUKE #MilitaryRiskInsurance #TarasKachka #UkraineReconstruction
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
Britain announces a $3B multi-year aid package to Ukraine and a military risk insurance mechanism. According to British Prime Minister Rishi Sunak, businesses, governments, and financial institutions should join forces to support Ukraine. “Within three years, we will provide $3B in credit gua... #InvestmentsinUkraine #MilitaryRiskInsurance #RishiSunak #UKaidforUkraine
The European Commission is developing a mechanism to guarantee exports to Ukraine and insurance against war risks, Vice President of the European Commission Valdis Dombrovskis told the European Parliament. “The lack of military insurance in most EU member states is considered one of the obstacles to attracti... #InvestmentsinUkraine #MilitaryRiskInsurance #UkraineRecovery #ValdisDombrovskis
Great Britain will attract investment for Ukraine despite the war. Bloomberg writes that the country is developing a military risk insurance scheme that will convince investment, technology, energy, and defense companies to support Ukraine’s recovery with multi... #InvestmentsinUkraine #MilitaryRiskInsurance #ReconstructionUkraine #UkraineRecovery #UKsupportforUkraine
Ukraine is preparing for sea exports without a grain agreement and will compensate war-damaged ships. The Ministry of Infrastructure reported that the government had approved a procedure for indemnifying civilian vessels entering its ports for damages. Launching the damage compensation mechanism will ... #MilitaryRiskInsurance #UkraineSeaPorts #UkrainianShipInsurance #WarRisks
Luxembourg is interested in microfinancing Ukrainian businesses. During a video meeting the Minister of Economy of Ukraine, Yulia Svyridenko, and her colleague from the Grand Duchy of Luxembourg, Franz Fayo, discussed the restoration of Ukraine, humanitarian demini... #FranzFayo #LuxembourgAidForUkraine #MilitaryRiskInsurance #ukrainianbusiness #YuliyaSvyridenko
The export credit agency will insure investments in Ukraine against war risks. The Ukrainian parliament adopted a draft law regarding insurance of investments in Ukraine against war risks. The document is intended to create conditions for scaling up investment in Ukraine during ... #InsuranceUkraine #InvestmentsinUkraine #MilitaryRiskInsurance #WarRisks
Ukraine will launch a private insurance market for military risks. The war risk insurance mechanism is available today from several international financial institutions, including MIGA of the World Bank Group and the American Development Finance Corporation (DFC), wh... #DFC #MIGA #MilitaryRiskInsurance
