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How is the war changing Ukrainians’ attitudes toward insurance? How does this market contribute to the stability and development of the economy? What do the key reforms outlined in the insurance development strategy through 2030 entail? And why is it impossible to attract large investments for reconstruction without insurance?

The National Bank of Ukraine is working on draft legislative amendments for the full implementation of the Solvency II, Insurance Distribution Directive, and Motor Insurance Directive EU directives in the insurance sector, and plans to submit them to parliament following discussions with the market later this year.

Ukraine’s insurance market is growing and becoming more transparent during the war, and is also demonstrating a high degree of adaptability to challenges, NBU Governor Andriy Pyshnyy said at the Ukraine National Insurance Conference.

A state-supported agricultural insurance program is already in place in Ukraine, under which the government reimburses a portion of insurance premiums. As Deputy Minister of Economy Taras Vysotsky noted in his speech at the UNIC 2026 All-Ukrainian National Insurance Conference, 20 million hectares of farmland will eventually be covered by the agricultural insurance program.