The NBU, the Ministry of Economy and representatives of the insurance market discussed a unified strategy for insurance of military risks
The war risk insurance mechanism in Ukraine requires a comprehensive approach that includes state programs, commercial and hybrid insurance products.
According to the Minister of Economy, Environment and Agriculture of Ukraine Oleksiy Sobolev, it is necessary to “move from point solutions that are already working on the market to the development of a comprehensive unified architecture, where there are insurance products available to everyone.”
The UkrStrahuvannya internet resource knows about this from the press release of the Ministry of Economy of Ukraine. It is reported that these and other issues in the field of war risk insurance were discussed within the coordination meeting of the teams of the Ministry of Economy, the National Bank of Ukraine and representatives of the insurance market.
At the meeting, the concept of a three-level system was presented and agreed, which includes state programs for those areas and risks where market mechanisms do not work, hybrid products where the market and the state can guarantee joint coverage, and commercial products without state participation.
Earlier, the Prime Minister reported on the improvement of the mechanism of insurance of business property against war risks.