Marsh McLennan to work with Ukrainian government to unlock access to global insurance market
23 6월 2023 - 12:35AM
Business Wire
Marsh McLennan (NYSE: MMC), the world’s leading professional
services firm in the areas of risk, strategy and people, today
announced that it will work with the Ukrainian government to help
it unlock access to the global insurance market. As part of the
support, it will provide services on a pro-bono basis to design and
deliver a risk data platform that will allow insurers to assess and
underwrite war risks in the country with greater confidence.
The announcement follows yesterday’s launch of the London
Conference Framework on War Risk Insurance for Ukraine by UK Prime
Minister Rishi Sunak. As part of that announcement, the Ukrainian
government committed to sharing detailed information with the
insurance industry to enable effective and targeted risk modelling
to rebuild its commercial insurance market.
Marsh McLennan will work with the Ukrainian government and
insurers to create a platform that provides the data needed for
assessment of war risks in Ukraine, which will better position the
industry to start offering commercial insurance cover thus
unlocking investible capital. This will provide access to the
necessary data to allow insurers to assess risks meaningfully and
enhance their willingness to enter the market. This work will be
provided on a pro-bono basis by Marsh McLennan.
It follows the proposals that Marsh McLennan has made to
Ukrainian and G7 governments for the creation of a war risk
insurance pool. This would be a multinational public-private
partnership based on the existing terrorism insurance pools that
currently operate in several G7 nations.
John Doyle, President and CEO of Marsh McLennan, said: “The
announcement by the Ukrainian government, together with the support
of the UK government, are important steps towards the recovery of
the Ukrainian economy from this ongoing and devastating war. Our
support for this important project builds on the work we have been
doing with Ukraine this year to evaluate options for war risk
insurance. I am proud that our colleagues are standing together
with the people of Ukraine to help them to recover as quickly as
possible.”
Oleksandr Griban, Deputy Minister of Economy of Ukraine, added:
“Accessing the global insurance market is vital to begin the long
road to recovery for our economy. This support from Marsh McLennan
is a crucial step in helping us to attract the investment that we
need to rebuild and grow strong.”
About Marsh McLennan
Marsh McLennan (NYSE: MMC) is the world’s leading professional
services firm in the areas of risk, strategy and people. The
Company’s more than 85,000 colleagues advise clients in 130
countries. With annual revenue of over $20 billion, Marsh McLennan
helps clients navigate an increasingly dynamic and complex
environment through four market-leading businesses. Marsh provides
data driven risk advisory services and insurance solutions to
commercial and consumer clients. Guy Carpenter develops advanced
risk, reinsurance and capital strategies that help clients grow
profitably and pursue emerging opportunities. Mercer delivers
advice and technology-driven solutions that help organizations
redefine the world of work, reshape retirement and investment
outcomes, and unlock health and wellbeing for a changing workforce.
Oliver Wyman serves as a critical strategic, economic and brand
advisor to private sector and governmental clients. For more
information, visit marshmclennan.com and follow us on LinkedIn and
Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20230622279096/en/
Jason Groves +44 (0)7733 325587
jason.groves@marsh.com
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