On April 8, the National Anti-Corruption Bureau of Ukraine (NABU) announced its intention to enter into a contract with Insurance Company “Ultra Alliance” (Kyiv) for the procurement of voluntary motor vehicle insurance services.
According to a notice in the Prozorro electronic public procurement system, Ultra Alliance Insurance Company offered a comprehensive insurance price of 3.812 million UAH against an expected cost of 5.824 million UAH.
Insurance Company “Kraina” also participated in the tender with a bid of 4.987 million UAH.
Insurance Company “Ultra Alliance” has been providing insurance services since 2004.
According to the NBU, the company ranks 28th among Ukraine’s non-life insurers (47) in terms of premiums collected in 2025.
The Cabinet of Ministers has introduced a military risk insurance mechanism for farmers, which provides for reimbursement from the budget of up to 60% of the insurance premium paid, according to Taras Vysotsky, First Deputy Minister of Economy, Environment, and Agriculture.
“Access to agricultural insurance in wartime is becoming not just a financial tool, but a key condition for economic stability. That is why the government has introduced a new mechanism: the state reimburses up to 60% of the insurance premium for farmers in frontline communities and up to 45% for other producers,” he wrote on his Facebook page following a meeting with representatives of the agricultural sector.
The Deputy Minister noted that agricultural processing companies are currently facing not only military threats but also challenging weather conditions, such as drought or spring frosts. Due to this combination of factors, the cost of insurance services in the sector remains high.
Vysotsky noted that the Ministry of Economy’s strategic goal is to create a market-oriented system that will combine private insurance, reinsurance, and state support. The ministry is currently consulting with businesses to determine acceptable insurance rates, remove barriers to access to financing, and compile a list of risks that remain uninsured.
“We are ready to carefully consider and gradually implement the solutions and proposals developed by the business community. It is precisely this kind of dialogue that allows us to shape state policy based on the real needs of the economy,” the deputy minister concluded.
As reported, in March 2026, the Cabinet of Ministers adopted Resolution No. 1541, which expanded the military risk insurance program. The maximum amount of insurance premium compensation for businesses was increased from UAH 1 million to UAH 3 million, and the deadline for submitting a claim for payment was reduced to 31 days after the contract is signed. For enterprises operating in frontline regions, compensation for damaged property is available up to UAH 30 million.
The 2026 state budget allocates over UAH 2 billion to support the agricultural sector and related insurance programs, of which UAH 1.8 billion is earmarked to compensate for the cost of Ukrainian-made agricultural machinery under the “Made in Ukraine” policy, as well as separate allocations for partial compensation of insurance premiums for winter crop producers and agricultural processors.
According to Fixygen, JSC “NAEK ”Energoatom” announced a tender on March 20 for liability insurance for the chairman and members of the supervisory board. As reported in the Prozorro e-procurement system, the expected cost of the services is 20 million UAH.
Applications to participate in the tender are being accepted until 4:00 PM on April 7
The winner of a similar tender a year earlier was IC “Coloneid Ukraine”
PrivatBank (Kyiv) and UNIQA Insurance Company (Kyiv) signed a directors’ and officers’ liability insurance agreement on February 27. According to the Prozorro electronic procurement system, the company’s price offer corresponded to the expected cost of UAH 33.857 million or $784,287 thousand. The term of service provision is February 14, 2027. According to the annex to the insurance agreement, the liability limit is USD 45 million.
UNIQA Insurance is part of the UNIQA Group (Austria), which entered the Ukrainian market in 2006. According to the National Bank of Ukraine, UNIQA Insurance ranks fifth among non-life insurers in Ukraine in terms of premiums collected for the first nine months of 2025.
PrivatBank is Ukraine’s largest state-owned bank. According to the National Bank, the financial institution’s net assets reached UAH 904.32 billion (22.5% of the total) as of January 1, 2026.
The cost of insurance for ships passing through the Strait of Hormuz has jumped 12-fold, despite US President Donald Trump’s promise to ensure uninterrupted energy supplies from the Middle East, the Financial Times reports, citing brokers.
According to the publication’s sources, the insurance rate for ships operating in high-risk areas, which include not only the strait itself but also the waters adjacent to it, is now 3% of the ship’s value, whereas before the US and Israeli military operation against Iran, it was 0.25%.
The White House chief previously wrote on Truth Social that he had ordered the US International Development Finance Corporation (DFC) to begin providing insurance and guarantees on favorable terms “for all commercial maritime traffic through the Persian Gulf, especially that related to energy resources.”
Insurers are trying to figure out how this will work and whether it will help lower prices. Several brokers admitted to the FT that they were taken aback by Trump’s statement.
“We haven’t heard anything other than this announcement on Truth Social,” said David Smith of brokerage firm McGill, adding that insurers don’t know how widely the announced support will be extended, despite the promise to insure “all” trade passing through the Persian Gulf.
Other experts question how effective the DFC’s assistance can be, given that its primary role is to promote private investment in poor countries, while the main problem for shipowners operating in the Persian Gulf is the threat of attack.
“We already have insurance,” said Ed Finley-Richardson, founder of Contango Research. The DFC announcement may have helped curb oil price rises, but it is unlikely to change anything for us, he added.
At least seven tankers have been attacked in the Strait of Hormuz and surrounding waters since Sunday. Some ships reported receiving radio warnings demanding that they stay away from the strait.
Trump said on Truth Social that the US Navy would escort tankers through the Strait of Hormuz if necessary.
On January 23, Ukraine’s Foreign Intelligence Service announced a tender for compulsory motor third-party liability insurance services, according to the Prozorro electronic public procurement system.
According to the system, the expected cost of purchasing the services is UAH 2.2 million.
The deadline for submitting tender bids is January 31.
compulsory motor third-party liability insurance, FOREIGN INTELLIGENCE SERVICE, INSURANCE
