Ukraine’s resilience poses questions for insurers for when the war ends

ukraine, rebuilding

Contributor Jon Guy shares his perspective on how rebuilding Ukraine post-war could impact the UK insurance market, with finances, supply chains and resourcing likely to be in scope

The annual gathering of reinsurers in Monte Carlo for 2024’s Rendez-Vous de Septembre conference, held between 7 and 11 September 2024, had barely started when brokers Aon and Marsh issued a joint call for greater industry-wide help for Ukraine, to support its resilience efforts.

However, as Russia’s war with Ukraine wages on – the conflict began in February 2022 – the rising cost of conflict-related damage is set to have repercussions for (re)insurers far beyond the two countries’ borders.

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