Prime Minister Sergiy Koretsky at the Yalta European Strategy forum acknowledged what business has been saying for a long time: the classical form of war risk insurance in Ukraine does not work. The figures confirm this directly — as of the end of August, 419 companies submitted applications to participate in the program, claiming 6.2 billion hryvnias in compensation. Applications for compensation itself — zero. No payments have been made yet.
This is the unexpected twist: the problem is not that the state does not want to pay, but that the mechanism is so complicated that companies get stuck at the stage of filing an insurance claim, never reaching the final stage.
What the government proposes instead of the old model
According to Koretsky, the plan involves creating a separate budget line item where the state will contribute approximately $1 billion. Next, the Finance Ministry mechanism works with the World Bank, where each dollar or euro from partners is multiplied by two. The idea is to double the contribution and create a reserve to cover losses from attacks and war. The state will assume a 40% barrier, maximum 50% coverage.
"This will be a super-simplified procedure," said Sergiy Koretsky.
The word "super-simplified" is key here — it is precisely the complexity of administration, not a lack of funds, that has prevented business from submitting compensation claims despite hundreds of companies filing claims for damaged property.
Parallel track: special fund for 2027
Forbes Ukraine reported in September about a concept of a separate special fund to cover the "first layer of business losses," which is scheduled to launch in January 2027. The expected volume is $3-4 billion, of which $1 billion will come from the state, the rest from donors, and business itself will top up the fund with contributions of 2% of the coverage amount. The fund is focused on assets that are critical for production — that is, not on the entire property complex, but on what the enterprise physically cannot resume operations without.
It turns out that the government is pursuing two tracks simultaneously: a faster "super-simplified" insurance procedure right now and a larger special fund on the 2027 horizon. The question is whether these initiatives duplicate each other and confuse business even more than the current system.
What else the government offers to business
- Inspection of state-owned warehouse premises with subsequent offers to companies that lost logistics capacity.
- A plan to decentralize logistics — without details for now.
- Loans at 10% per annum from the Ministry of Economy for large business.
Chairman of the Financial Committee of the Council Danylo Hetmantsev confirms the intention to expand war risk insurance, and co-owner of Epicenter Halyna Herega insists that large business should have access to the "5-7-9%" program, which so far has been used mainly by small and medium-sized businesses.
The main question is not how much money the government and partners will contribute to the funds, but whether the new procedure will actually be simpler than the one that 419 companies failed to complete. If the new model starts working in January 2027, and first payments under the old system never happen before then, business will have to wait for compensation even longer than the war itself lasts.
