Overview

The war in Ukraine has caused severe economic damage and human suffering. The costs of recovery will be enormous: as much as US$1 trillion, in some estimations, will be needed to rebuild over a 10-year period. Insurance and risk finance can deliver urgently needed solutions to encourage reconstruction and halt further economic decline.

In cooperation with government and private sector partners, UNDP is working to create war risk insurance that can help Ukraine maintain its economy and recover from its losses.

Main Natural Hazards

Flood

1
1 Source:
https://drmkc.jrc.ec.europa.eu/inform-index/INFORM-Risk/Country-Risk-Profile
Insurance penetration

0.9% (2021)

1
1 Source:
https://www.icir.de/fileadmin/user_upload/editors/events/gis/gis_2023/conference_media/insurance_supervision_under_extreme_distress_burbel_lesia.pdf
Biodiversity ranking

#119 out of 239 countries and territories (2023)

1
1 Source:
https://worldrainforests.com/03highest_biodiversity.htm
Small business % contribution to workforce

74% of total employment (2022)

1
1 Source:
https://www.undp.org/sites/g/files/zskgke326/files/2024-02/undp-ua-assessment-war-impact-enterprises-ukraine.pdf
Multidimensional poverty

0.2% (2012)

1
1 Source:
https://hdr.undp.org/system/files/documents/hdp-document/2023mpireporten.pdf
Number of insurance providers

12 life insurance companies and 102 non-life insurance companies

1
1 Source:
https://www.icir.de/fileadmin/user_upload/editors/events/gis/gis_2023/conference_media/insurance_supervision_under_extreme_distress_burbel_lesia.pdf
% Workforce engaged in agriculture

15% (2021)

1
1 Source:
https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS

Our projects

picture