The Ministry of Economy has created an international working group on the development of insurance

Ministry of Economy of Ukraine created and held the first meeting of the international working group (taskforce), the purpose of which is the development of the insurance market. The meeting was attended by international donors, representatives of international financial organizations, as well as insurance market participants from Ukraine and abroad.

Members of the group will jointly work on the creation of systematic, but flexible solutions for the insurance market, which will allow attracting private investments to the Ukrainian economy even under the conditions of high risks caused by the war. The working group will also serve as a platform for sharing information on government priorities, investor demands, global best practices and innovative insurance products that can increase access to insurance services.

“Ukraine will become one of the largest investment and construction sites in the world in the next decade. We cannot allow the lack of insurance solutions to become a bottleneck in this process. The creation of this Working Group is a practical step towards building an open, sustainable and efficient insurance market. 

And we are open to all professional proposals that will help the market not just survive, but grow. For an investor, this means one thing: he will get access to an insurance tool that will allow him to enter Ukraine now.”, – emphasized the head of the working group on the development of the insurance market, Deputy Minister of Economy of Ukraine Andrii Telyupa.

The working group functions in the format of two levels. The Strategic Core Group is responsible for coordinating joint proposals for regulatory and legislative changes and shaping the initiative’s agenda.

After the Ukraine Recovery Conference in July 2025, it is planned to launch four thematic focus groups (Focus Groups), which will work monthly on technical solutions in the following areas:

• regulatory environment,
• priorities, data availability and customer awareness,
• flexible insurance products,
• public-private partnership.

By July, the group members plan to formulate a number of short-term solutions for public presentation, and by the end of 2025 to prepare thorough recommendations and initiatives, as well as launch processes for introducing changes to regulation and, if necessary, legislation.