Business news from Ukraine

Business news from Ukraine

INGO completed payment of UAH 20 mln for one of most complex cases of war insurance

22 October , 2025  

The insurance company INGO made an insurance payment of UAH 20 million for an electronics warehouse in Kyiv that was completely destroyed as a result of a rocket and drone attack in July 2025.

According to the insurer, one of the strikes caused a large-scale fire at a warehouse complex in the Solomyanskyi district, where the company’s inventory was stored. The fire completely destroyed more than 57,000 items, mainly mobile and portable electronics, household appliances, and accessories.

The payment was made under an insurance contract for the inventory of an electronics store chain.

“This is one of the most difficult war insurance cases we have ever dealt with. The complete destruction of the warehouse meant that there were no identifiable remnants of the goods left. Therefore, we initiated an economic examination, which allowed us to document the volume of inventory and the actual cost of the damage. It was thanks to the accuracy of this process that we were able to complete the settlement in less than three months,” said Alexander Kolpakov, head of INGO’s property damage settlement department.

The assessment confirmed that at the time of the incident, the warehouse contained goods with a total value of over UAH 20 million. Thanks to the payment from INGO, the company was able to cover a significant part of the losses and resume its activities.

The payment was made on October 7, 2025.

INGO Insurance Company has been operating in the Ukrainian market for over 30 years and provides insurance solutions for businesses and individuals. It has licenses for 18 classes of insurance, is one of the market leaders in terms of premiums, assets, and insurance payments, and has an extensive service network throughout the country.

 

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