The Japanese export credit agency NEXI has confirmed its intentions to expand war risk insurance programs aimed at supporting Ukraine’s recovery process. This was announced following a meeting between agency representatives and a Ukrainian delegation. Currently, NEXI already provides insurance for about 50% of the volume of Japanese exports and investments coming to Ukraine.
This is reported by Finway
Expansion of Cooperation in Insurance and Investment
During the negotiations, the parties focused on the prospects for deepening cooperation in investment insurance and export operations. This approach is key to attracting Japanese financial resources and modern technologies necessary for the modernization of Ukrainian industry and the reconstruction of infrastructure. Among the priority issues were: expanding war risk insurance, compensating insurance premiums, supplying Japanese equipment for industrial recovery, guarantees for residential construction, and coordination with other export credit agencies, including Poland’s KUKE and the UK’s UKEF.
Insurance Payments for Business Recovery Amid War
At the same time, the Ukrainian insurance company “INGO” made an insurance payment of 20 million hryvnias for a completely destroyed warehouse of an electronics store chain in Kyiv. The facility was destroyed as a result of an attack by the Russian Federation, which caused a massive fire and the destruction of over 57 thousand units of goods. Thanks to the compensation received, the business was able to cover a significant portion of its financial losses and resume its operations.
“NEXI already covers about half of the volume of Japanese exports and investments in Ukraine.”