Ukraine
Ukraine
#119 out of 239 countries and territories (2023)
174% of total employment (2022)
10.2% (2012)
112 life insurance companies and 102 non-life insurance companies
115% (2021)
1Overview
The war in Ukraine has caused severe economic damage and human suffering. The costs of recovery will be enormous: as much as US$1 trillion, in some estimations, will be needed to rebuild over a 10-year period. Insurance and risk finance can deliver urgently needed solutions to encourage reconstruction and halt further economic decline.
In cooperation with government and private sector partners, UNDP is working to create war risk insurance that can help Ukraine maintain its economy and recover from its losses.
Our projects
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Supporting economic recovery through insurance development
UNDP’s Insurance and Risk Finance Facility provides tailored solutions in fragile state contexts to leverage insurance and risk finance for sustainable development. In Ukraine, UNDP is working with government and industry partners to develop war and political risk insurance that can support the country’s economic recovery by de-risking private investment.
UNDP is working with public and private sector partners on attracting investment to aid in rebuilding critical infrastructure and ensuring sustainable recovery, enabling growth and development in domestic MSMEs, reducing the risk of economic backsliding and supporting the development of the Ukrainian insurance market.
