The Japanese export credit agency NEXI has announced its readiness to expand its war risk insurance program to support Ukraine’s recovery. This became known following a meeting between NEXI representatives and the Ukrainian delegation.
This is reported by Business • Media
Investment Insurance and Recovery Support
Currently, NEXI already provides insurance coverage for about half of the Japanese export and investment volumes directed towards Ukraine. During the meeting, the parties discussed the prospects for deepening cooperation in the field of investment and export operation insurance. This approach is seen as key to attracting Japanese financial resources and modern technologies for the recovery of Ukrainian industry and infrastructure.
The participants of the negotiations raised several important topics, including:
- war risk insurance;
- compensation of insurance premiums for program participants;
- industrial recovery through the supply of Japanese equipment;
- provision of guarantees for housing construction;
- expansion of cooperation with other export credit agencies, including Poland’s KUKE and the UK’s UKEF.
Payment for Destroyed Electronics Warehouse
Meanwhile, the insurance company “INGO” has made a payment of 20 million hryvnias for a warehouse of an electronics store network in Kyiv that was completely destroyed by a Russian attack. As a result of the strike and the ensuing fire, over 57,000 units of products were lost. Thanks to the compensation received, the enterprise was able to cover a significant portion of its losses and resume its operations.
The Japanese export credit agency (NEXI) expressed its readiness to expand war risk insurance for Ukraine’s recovery following the meeting with the Ukrainian delegation.