McGill and Partners, Lloyd's Lab insuretech FortuneGuard, and ARX have partnered to launch a Ukraine War Risk Insurance Facility for commercial property and investments with $50 million limit per risk.
The new limit is higher than existing ceiling for insurance, which provides "an unprecedented way and addressing a critical gap in the Ukrainian market," the companies said in a joint statement.
Military activity has significantly degraded surface water quality in Ukraine's Dnipropetrovsk region, raising concerns that key rivers and canals used for drinking water and irrigation could become unsafe for human consumption, according to new research. A study by a group of Ukrainian scientists found an increase in concentrations
FortuneGuard, a Ukrainian InsureTech startup that has developed an AI-powered war risk insurance solution for Ukraine, is now in talks to raise capital and take the model to new markets and product lines. The solution, launched in partnership with UK reinsurance broker McGill and Partners and ARX Insurance, a
