London-based insurance broker McGill and Partners has developed an AI-powered war risk reinsurance facility for commercial property in Ukraine, This is Money reported, citing Hamish Greenwood, head of crisis management at McGill.
The new facility, developed with Ukrainian insurance tech start-up FortuneGuard, uses data on missile strikes to help underwriters assess risks more accurately and offer businesses in Ukraine more affordable premiums, according to the report.
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
