The private insurance market collected nearly 1 billion UAH in premiums for products covering war risks in January–March 2026, said Serhiy Nikolaychuk, First Deputy Governor of the National Bank of Ukraine (NBU), at a press briefing on Monday dedicated to the presentation of the Financial Stability Report.
He emphasized that most of these premiums were for comprehensive auto insurance (CASCO), but there are also offerings for businesses, and the government has already launched a mechanism to compensate for losses in high-risk areas and to reimburse insurance premiums in other areas.
As noted in the Report, citing data from the National Association of Insurers of Ukraine, in the first quarter of 2026, premiums collected under risk insurance policies covering war risks accounted for 11% of all risk insurance premiums collected, exceeding the total for the entire previous year.
“Previously, we talked a lot about how to create a war risk insurance system almost from scratch. Now, in fact, we are talking about scaling up existing areas and projects, and in this report—and in general—we are highlighting that the range of war insurance products is constantly expanding,” explained the first chairman of the NBU.
According to him, the NBU sees significant potential in the further development of and increased cooperation with international reinsurers, as well as with international financial institutions operating in this market.
