Ukraine set 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 that it could all go horribly wrong,’ says broker involved with scheme
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 who are advising Kyiv on the details of the new deal expected to emerge in the next month
