INGO: State Program for War Risk Insurance Enters First Phase of Business Indemnity Payouts

As part of the state program for indemnification for losses arising from war risks in Ukraine, the first payouts covering the part of insurance premiums for businesses have been executed. Of the four enterprises that were among the first payees of a total of UAH 6.8 million in compensation through the Export Credit Agency (ECA), three are clients of INGO Insurance Company.

According to the Ministry of Economy of Ukraine, the program has enabled enterprises to significantly reduce the cost of insuring property against war risks, from an average level of 4.24% to 1.19%. All of the initial participating enterprises are located in Kyiv, with three of them insured by INGO Insurance Company.

The program provides for partial indemnification of insurance premium costs for businesses across Ukraine. Through the ECA, the state compensates up to UAH 3 million in insurance expenses related to property coverage against war risks. The initiative is being implemented as part of the “Made in Ukraine” state policy.

According to the Ministry of Economy, 40 applications have already been submitted under the program from Kyiv city, Kyiv, Lviv, Rivne, and Cherkasy regions. The total amount of insured coverage under these applications amounts to UAH 4.3 billion.

Separately, for businesses located in frontline regions, a mechanism has been introduced to indemnify for losses related to property damaged or destroyed as a result of shelling. This program provides coverage of up to UAH 30 million in losses. So far, 106 applications have been approved, with a total potential indemnity amount of UAH 1.8 billion.

INGO notes that demand for war risk insurance is gradually increasing, particularly among enterprises operating production facilities, warehouses, logistics infrastructure, and commercial real estate.

CEO of INGO Insurance Company, Andrii Semchenko, emphasized that the launch of actual payouts under the state program represents an important milestone for the insurance market and the broader investment support framework in Ukraine.

The company also notes that INGO is one of the first and largest participants in Ukraine’s war risk insurance segment. The first asset insured under Political Violence Insurance (PVI) risks by INGO Insurance Company dates back to July 2014. Today, the company participates in international war risk reinsurance programs supported by the EBRD and Aon and holds the largest underwriting capacity among Ukrainian insurers, amounting to EUR 50 million. As part of these programs, in 2025 INGO insured cargo, road, and rail transport for a total amount exceeding EUR 352 million.

In 2025 alone, INGO paid individuals more than UAH 22.5 million for losses related to military operations. The company’s total war risk claims payouts exceeded UAH 110 million, nearly 4.6 times higher than the previous year.

According to the National Association of Insurers of Ukraine (NASU), INGO ranked first in terms of premiums in the corporate insurance segment at the end of 2025 and in the first quarter of 2026.