Insurance company INGO compensated UAH 116.4 million for military risks in Ukraine in January-November 2025, which is almost three times more than last year, according to the insurer’s information.
At the same time, it is noted that in total, over two years, the company compensated more than UAH 162 million in losses caused by hostilities.
The bulk of the compensation consists of damage to property, real estate, motor vehicles, and cargo. The payments were financed mainly from the company’s own capital without the participation of reinsurers. A significant increase in payments falls on the corporate sector, where most large objects are concentrated and, accordingly, higher risks.
The company reports that in most cases the damage is partial. For motor vehicles, typical damage includes broken windows, holes from debris, and body deformation. For residential properties, damage includes windows, doors, roofs, and facades, as well as damage to interior finishes, furniture, and appliances. In commercial real estate, the scale of damage varies significantly: from damaged warehouses and logistics hubs to complex technical facilities, where the consequences depend on the specifics of the enterprise itself.
According to the information, the increase in payments is primarily due to the expansion of the portfolio: enterprises and individuals are insuring more properties. While in 2024, war risk coverage was included for about 150 commercial real estate properties, in 2025, there were already more than 230.
The number of insured cargoes with war risks increased by 1.4 times, and motor vehicles – almost twice. During this time, INGO’s total liability for war risks increased from UAH 12.1 billion to over UAH 26.5 billion. Individuals are also insuring their homes more actively: the number of insured households increased from 4,400 to almost 6,000, and the total liability under contracts rose from UAH 4.34 billion to over UAH 7.7 billion.
In addition, the growth in the volume of payments is influenced not only by the size of the portfolio, but also by the intensity of Russian air attacks and the increase in insurance amounts. Both private owners and companies are increasingly choosing higher limits of protection, especially when it comes to large or capital-intensive objects. INGO notes that the ability to offer such limits in 2025 is ensured, in particular, by working with international reinsurance markets. The company assures that it has objects in its portfolio that are reinsured on the London market, with a total liability of over UAH 2.6 billion.
“We see that international reinsurers, primarily the London market, are working with Ukrainian risks much more confidently than a year ago,” said Andriy Semchenko, chairman of the board of INGO Insurance Company.
“This is the result of the emergence of comprehensive statistics, high-quality underwriting, and real payout cases. The AON and EBRD program has been launched, which supports the insurance of vehicle fleets, rail transport, equipment, and cargo with the option of storage in ports. For businesses, this means protection with a limit of EUR 2 million per case under the AON/EBRD program and $4-5 million in the case of real estate insurance with reinsurance on the London market. There are also opportunities for higher limits, but reinsurers are cautious about concentrating risk on a single object,” he explained.
