’The data platform empowers the global insurance community to evaluate risks much more accurately,’ says chief executive
Ukraine has launched a data platform with the support of Marsh McLennan to help insurers analyse war risks in the country, a statement released today (13 October 2023) said.
The data platform brings together detailed maps of war-related incidents in Ukraine, such as missile, drone or shelling attacks, since Russia’s invasion of the country February 2022.
This includes granular insight into the frequency and type of attacks by location over time, with further insight into the types of assets targeted as well as damage levels sustained.
Currently, the platform shows that 76% of communities had no war-related incidents in 2023 up to 1 October.
In addition, it shows that 101 once-occupied communities have been recovered from Russia by Ukraine since the invasion began.
Oleksiy Danilov, secretary of the national security and defence council of Ukraine, which operates the platform, said: “76% of communities in Ukraine have had no war-related incidents this year.
“This demonstrates that much of Ukraine is open for investment now.”
This came after broker Marsh McLennan committed to provide services on a pro-bono basis to create a platform for Ukraine to consolidate and analyse data earlier this year (22 June 2023).
The new platform also revealed that 9% of communities have been subject to intense shelling, while 6% away from the frontline have been targeted.
John Doyle, president and chief executive of Marsh McLennan, said the new platform marked a “milestone in Ukraine’s road to recovery and reconstruction from the ongoing effects of this brutal conflict”.
“Ukraine’s data platform – the first of its kind – empowers the global insurance and investment community, as well as governments, with data to evaluate risks much more accurately to create greater confidence for investment,” he added.
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
Now working within the insurance sector, James has a particular focus on motor, M&A activity and financial reporting.View full Profile