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. The program is implemented together with the US International Development Finance Corporation (DFC) and consists of two parts:
- $50M will reinsure policies issued by qualified Ukrainian insurance companies. The ARX insurance company has become Aon and the DFC’s first Ukrainian partner.
- $300M will insure military risks in health care and agriculture.
“The US government is taking steps to help attract capital to Ukraine’s private sector. It is critical to Ukraine’s recovery, and we are using our unique tools, especially political risk insurance, to strengthen investor confidence in Ukraine at this critical time,” said DFC CEO Scott Nathan.