Ukraine to launch state-backed war risk cover
‘If it all goes to plan, the market will take some risk and the consideration for that risk is an element of profit. But as with any insurance peril there is an element of danger it could all go horribly wrong,’ broker involved with scheme says
A new Ukrainian state-backed scheme to provide war risk cover in conjunction with international insurers will essentially be a public-private partnership sharing the risk, according to Marsh, which is advising Kyiv on the details of the new deal expected to emerge in the next month
