IFC Invests in Ukraine's Insurance Sector to Expand Coverage and Strengthen Business Resilience
Ukraine, Dec. 10 -- IFC announced an equity investment in two insurance companies in Ukraine-Kniazha and USG-to boost access to innovative non-life insurance services. The investments aim to help ensure business continuity, expand access to insurance products, and strengthen Ukraine's insurance market amid Russia's invasion.Ukraine faces severe social and economic challenges since February 2022, with recovery needs estimated at $524 billion. In this environment, non?life insurers can play an important role in supporting the country's economy and reconstruction. A strong, well?capitalized insurance sector, offering a diverse range of innovative products, will be essential to the recovery.To support these efforts, IFC is subscribing to up to ...
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