Starting from early 2026, a new state program for war risk insurance for businesses located in frontline areas will be launched in Ukraine. This initiative will eventually cover the entire country. The state budget has already allocated 1 billion hryvnias for the implementation of the program, which will support entrepreneurs in high-risk zones.
This is reported by Finway
Details of the War Risk Insurance Program
As explained by Deputy Minister of Economy Andriy Telyupa, most large insurance companies are currently ready to provide services for covering war risks. However, such products are not yet available in frontline areas. Therefore, the state is launching a pilot quasi-insurance project that will allow businesses to obtain protection against war risks through the Export Credit Agency (ECA).
“Almost every large insurance company is currently ready to insure against war risks. However, this does not work in frontline areas. But if you have a business there, we are launching a pilot program that will start in 2026. A corresponding Cabinet resolution has already been adopted, where you will be able to receive quasi-insurance from the state. In the event of an insured event, the state will pay you up to ₴10 million through the Export Credit Agency (ECA),” Telyupa explained.
Under the program, Ukrainian entrepreneurs will be able to insure their assets at a rate not exceeding 1% of their value. The maximum compensation amount is set at 1 million hryvnias per year. To minimize risks, businesses already have the opportunity to insure through international and state organizations such as ECA, MIGA (one of the institutions of the World Bank Group), DFC, and the European Bank.
Insurance Payments Amid Military Actions
The need for such programs is confirmed by real insurance cases. For instance, on October 30, INGO made a payment of 9.46 million hryvnias under a property insurance contract for a company servicing the Novus distribution center in Kyiv. The facility was damaged during a missile attack by the Russian Federation.