The Government of Ukraine and the EBRD discussed the expansion of the war risk insurance fund
The issue of expanding guarantees, in particular war risk insurance, was discussed at a meeting between the Minister of Economy of Ukraine and the First Vice-President of the European Bank for Reconstruction and Development (EBRD).
“The deepening of our cooperation is a signal for international investors to come to Ukraine. Among the priorities is also the strengthening of guarantees, in particular war risk insurance. Ukraine already has a number of effective mechanisms, and the government and partners continue to work on the further implementation of insurance products,” said the Minister of Economy of Ukraine Oleksiy Sobolev.
The UkrStrakhuvannya Internet resource learned from a press release of the Ministry of Economy of Ukraine that the participants of the meeting discussed the expansion of the war risk insurance fund. The EBRD fund in the amount of 80 million euros has been almost fully deployed and a new program in the amount of 50 million euros has been approved.
“In the context of expansion, the Ukrainian side proposed to expand the list of insurance risks that the new program will cover and wider regional coverage,” the press release says.
Earlier, the Prime Minister of Ukraine announced the improvement of the mechanism for insuring business property against war risks.