Financial sector news

The Financial Stability Council has prepared a concept for a fully functional military risk insurance system to protect businesses and investors. The relevant draft law has already been registered with the Verkhovna Rada. This is stated in the Report on the Activities of the Financial Stability Council published by the NBU.

The introduction of a military risk insurance system was one of the key tasks that the Council implemented during 2024–2025. To this end, a special working group was created with the participation of the National Bank, the Ministry of Finance, and the Ministry of Economy, which worked closely with World Bank experts and representatives of the business community.

“A working group consisting of representatives of the National Bank, the Ministry of Economy of Ukraine, and the Ministry of Finance worked throughout 2024 to introduce a fully functional military risk insurance system in Ukraine,” the report states.

As a result, a roadmap for the creation and implementation of the system, a financial model for the activities of a specially created State Agency for Military Risk Insurance, and a concept for its full-fledged functioning were developed.

“The legislative proposals prepared by the working group were taken as the basis for the text of the draft law on the military risk insurance system (registered in the Verkhovna Rada of Ukraine on December 30, 2024, No. 12372),” the document says.

It is expected that the new system will protect businesses and infrastructure projects from the consequences of military action, reduce risks for investors, and increase Ukraine's attractiveness for recovery and capital attraction.

“The main results of the work were: a roadmap for the creation and implementation of a military risk insurance system; a financial model for the activities of a specially created State Agency for Military Risk Insurance; and a concept for a fully functional military risk insurance system in Ukraine,” the report notes.

According to the authors of the report, the implementation of the draft law will create the conditions for economic recovery and ensure stable conditions for business during the war.