Update on Insurance in Ukraine: Money Transfers Between Insurers and Reinsurers Possible Again
Good Risk Management focuses on identifying and treating defined risks and should be a continuous and developing process embedded in a company’s HR and wider Benefits strategy.
The Price Cap on Russian Oil – Implications on Insurance
Insurers, insurance brokers, shipowners and charterers will now be required to check the price of Russian oil cargoes on board ships they own, charter or insure.
End of International Coverage for Russia / Belarus / Ukraine?
The international insurance industry is no longer willing to agree on coverage for Russia and Belarus. The options for coverage in Ukraine are very limited.
Transformation in Global Insurance
How will global insurance and reinsurance adapt to new challenges and navigate the stormy waters of the 21st century?
Beyond International Programs – Cover Exclusions for Russia, Belarus and Ukraine
The European insurance markets are not providing any new covers for property and business interruption risks in the Russian Federation, Belarus and in Ukraine.
War in Ukraine – impact on insurance
The war in Ukraine and economic sanctions against Russia have so far had a drastic impact on the insurance industry.
Current status of sanctions against Russia and certain Ukrainian territories
EU sanctions prohibit any direct or indirect economic interactions (prohibition of payment and provision of services) with listed persons, as well as with all companies in which a listed legal entity or natural person has an ownership interest of 50% or more.
Property damage caused by war on land – aspects regarding insurance cover
It is a principle of insurance that due to the potential accumulation of claims there is a general exclusion of damage caused to a risk (buildings, factories, their technical equipment, installations, stocks and other contents) in connection with war and civil war.
GrECo Group Task Force Ukraine conflict – statement on sanctions and insurance
The conflict between Russia and Ukraine and the threat of heavy sanctions to be imposed by the Western world as consequence of Russian military action, have brought the topic of financial sanctions and the position of insurance again into the focus of consideration.
Insurance Market Update Central Eastern Europe (CEE)
Differences between the Eastern European countries and the rest of Europe are also disappearing in insurance.