Partial Premium Reimbursement Program
A government initiative offering partial reimbursement of war risk insurance premiums for businesses has already proven effective, with four enterprises in the capital taking advantage of it and lowering their policy costs. This program operates nationwide and includes a separate track for frontline regions, managed through the Export Credit Agency (ECA).
According to available data, insurance rates have dropped from an average of 4.24% to just 1.19%. So far, 40 applications have been submitted from Kyiv, Lviv, Rivne, Cherkasy oblasts, and the city of Kyiv itself. The total insured value covered by these applications reaches UAH 4.3 billion. Through the ECA, the state reimburses up to UAH 3 million per insurance policy, providing significant financial relief to businesses.
Loss Coverage Program for Frontline Regions
For companies located in frontline areas, a separate loss coverage program offers compensation of up to UAH 30 million. Participation costs only 0.5% of the property's value. To date, 106 applications have been approved under this regional initiative, and the total potential payouts in the event of Russian attacks could reach UAH 1.8 billion. As of January 1, 2026, Ukraine officially launched a broader business insurance rate compensation program, with UAH 1 billion allocated for its implementation in the draft state budget.
“The option for partial reimbursement of insurance premiums is available across the entire country. Through the Export Credit Agency (ECA), the state covers up to UAH 3 million of the insurance cost. A property insurance contract against war risks is signed with an insurance company, after which the policyholder applies to the ECA for compensation,” stated Yuliia Svyrydenko.
She further emphasized that “to use the program, you need to contact the ECA directly. Currently, 106 applications have already been approved under the program. The total potential compensation in the event of Russian attacks amounts to UAH 1.8 billion.”
Overall, this partial compensation program has emerged as a vital tool for supporting businesses amid war risks, helping ensure financial stability and enabling enterprise growth. Its implementation reflects the government's commitment to bolstering the business environment and adapting to the challenges facing the national economy during wartime. Allocating state budget funds to such initiatives can help preserve jobs and revive economic activity in conflict-affected regions.
In light of the recent initiatives aimed at supporting businesses, it's crucial for entrepreneurs to understand how they can officially document the damages inflicted by the ongoing conflict. This new process, starting April 29, allows both businesses and the government to record losses caused by Russia, providing a necessary framework for compensation claims. For more details on this significant development, read about how Ukrainian entities can start documenting losses.