Business war insurance in Ukraine is reaching new heights: 176.5 million UAH in payouts and expanded coverage
19 August 16:09
War risk insurance in Ukraine is gradually evolving from an emergency protection tool into a full-fledged mechanism for ensuring business financial stability. Based on the results of the first half of 2026, insurers increased payouts, expanded the list of insured risks, and began working more actively with large corporate facilities and the renewable energy sector. The National Association of Insurers of Ukraine has released new data on the performance of the war insurance market, according to "Komersant Ukrainian".
The data is based on reports from 17 insurance companies participating in the PRIMA information exchange.
In the first six months of 2026, insurers made 176.5 million UAH in insurance payments. In the second quarter, the amount of claims reached 129.4 million UAH, compared to 47.1 million UAH in the first quarter.
War risk insurance is no longer a niche product
“The basic scope of coverage has remained stable since 2022. Policies cover losses from direct hits by missiles and attack drones and their debris, damage caused by air defense systems, as well as associated destruction from fires, explosions, and shock waves,” the National Association of Insurance Companies of Ukraine (NASU) notes.
But in 2026, the market is gradually moving beyond standard auto, home, or personal property insurance. For the first time, war insurance contracts have been recorded in the “Liability” and “Financial Risks” segments.
Another notable area is life insurance. Insurers are increasingly incorporating war risks into savings plans. The portfolio of new contracts in this area has already exceeded 5,000.
One of the interesting trends of the first half of the year is insurers’ willingness to work with renewable energy facilities. This includes, in particular, solar and wind power plants, as well as industrial energy storage systems (BESS).
It is noted that the logistics sector maintains flexible coverage—the insurer’s liability applies not only during transportation but also during periods of temporary storage or transshipment lasting up to 45 days, which is critically important for companies engaged in foreign trade.
Government Compensation
As noted by the National Association of Insurance Companies of Ukraine (NASU), one of the key factors in the development of corporate insurance has been the government’s insurance premium compensation program.
Under its terms, businesses pay only 1% of the insurance premium, while the remainder is subsidized within the parameters set by the program.
The results are already evident in the statistics. The number of corporate contracts with individual risk assessments rose from 99 at the end of the first quarter to 228 at the end of June 2026.
“For large businesses, the program has effectively unlocked access to insurance coverage,” the NASU notes.
Reserves for Reported Losses
The National Association of Insurers of Ukraine notes that PRIMA participants have disclosed, for the first time, the amount of reserves set aside for reported but not yet paid losses. As of the end of the reporting period, this figure stood at approximately 977 million UAH, of which about 898 million UAH was attributable to property damage.
“These are funds that insurers have already set aside for future compensation for events that have occurred, and this confirms the market’s financial discipline and its readiness to meet its obligations,” the NASU states.
The Ukrainian insurance market cannot independently cover the full extent of war risks for the large corporate sector. This is precisely why reinsurance is of fundamental importance.
According to the NASU, international support is gradually increasing:
- the consolidated limit of the London insurance market Lloyd’s increased over the quarter from approximately $350 million to $600 million
- the DFC, with a capacity of over $125 million
- the EBRD has a limit of about $110 million.
“NASU, together with insurers, continues to work systematically with international partners to ensure the preservation and development of reinsurance capacity for Ukraine on terms that correspond to the actual level of risk,” the association notes.
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