EBRD Launches a New Risk Insurance Program for Railway Transport
16.12.2024
The EBRD has introduced a risk insurance program specifically targeting railway transport in Ukraine. This initiative focuses on restoring the insurance market and reducing financial risks for private investors. This was reported by the railway transport news portal Railway Supply.
The importance of railway transport in the insurance program
Railway transport plays a vital role in Ukraine’s logistics network, especially during military conflicts. To support private investors, the EBRD has allocated €110 million in guarantees.
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MS Amlin joined as the first global reinsurance partner, reinforcing the program’s scope. The initiative leverages proven market mechanisms to provide reliable insurance solutions for private companies.
How the program supports railway transport
The program offers coverage for cargo and railway rolling stock, ensuring comprehensive asset protection. Short-term policies allow capital reuse, enabling insurance coverage worth up to €1 billion annually.
France, the United Kingdom, Taiwan, and other international donors are also backing this initiative. This collective effort strengthens access to reinsurance while rebuilding trust among international investors.
Earlier, the EBRD announced its plans to implement mechanisms for insuring goods transported within Ukraine. These efforts aim to enhance market resilience and adapt to current economic challenges.
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