Aon and Marsh McLennan call on (re)insurance industry to help Ukraine's resilience By Investing.com

ybgi1 September 8, 2024

0 0 3 minutes read

Aon and Marsh McLennan call on (re)insurance industry to help Ukraine's resilience By Investing.com

– The firms insisted that the removal of blankets would create in Ukraine future growth and reconstruction

MONTE CARLO, September 8, 2024 /PRNewswire/ — Aon (NYSE: ) and Marsh McLennan (NYSE: ) today called on (re) the insurance industry to build on the capital, expertise and historical role of the insurance industry (re) to help in Ukraine resilience by stimulating economic growth and strengthening the country's post-conflict economic foundations. These companies emphasized that the removal of unlisted areas, which ignore the diversity of risk across the country, will further support in Ukraine the economy.

Additionally, since the start of the war, many international insurers have pooled their risks Ukraine, Russiaagain Belarus jointly, excluding from reinsurance contracts, limiting (re)insurance premiums and hindering economic growth and stability. Installation of Ukraine with Russia again Belarus It is not based on the data and statistics that drive the risk assessment and ignores that Ukrainewhile under siege, it wants to continue to adapt as a free and democratic economy and member European Union.

“Marsh McLennan You are committed to our support Ukraine “To help it attract international investment to rebuild the country, and recover from the negative impact of war on its people and economy,” it said. John Doylepresident and CEO of Marsh McLennan. “We are asking the global insurance community to join us in this effort and end marginalization Ukraine.”

“Aonsupport of Ukraine it leads us to look forward to the stability of its economy,” it said Greg Casethe CEO of Aon. “Insurance money is important for reconstruction in Ukraine health, energy and agriculture sectors. We ask the insurance industry to take a closer look in Ukraine risks and working to strengthen independent public relations under development.”

Marsh McLennan and each Aon is already working with Ukraine, In the US again In the UK governments, and many other international organizations, to support in Ukraine the economy as it endures ongoing attacks and accelerate investment in the country's eventual economic stability.

In March, Marsh McLennan announced an increase in public-private partnerships Ukraine government to pay for all ships to and from in Ukraine ports. This follows Photo by Marsh McLennan support in helping the Government of Ukraine to develop a war data platform that provides investors and (and) insurers with transparent data that visualizes the impact of the conflict so far and the level of risk of war.

In June, Aon worked with US International Development Finance Corporation creating a first-of-its-kind insurance program to support war risk policies for businesses in which it operates Ukraine. Availability of war risk insurance, especially for health care and agriculture, will stimulate economic growth and employment, while strengthening the base In Ukraine the economy to support strong reconstruction.

Firms claim that the illegal release of Ukraine contributing to confusion about the widely differing levels of risk in the country. As a result, there are potential problems with how insurers (re)write risk between regions directly affected by the war and more central and western regions. Ukraine not so badly injured in the war. The use of data and analytics can enable impactful insights into where insurance money can contribute in Ukraine reconstruction and economic growth.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better ” to protect and enrich the lives of people around the world. By using a functional, globally integrated analytical understanding Risk Capital together with Human Capital knowledge, and locally relevant solutions, our partners provide clients in more than 120 countries with clarity and confidence to make better risk and people decisions that protect and grow their businesses.

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About Marsh McLennan
Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: The Marsh, Guy Carpenter, Mercer (NASDAQ:) again Oliver Wyman. With an annual profit of $23 billion and more than 85,000 partners, Marsh McLennan It helps build confidence to succeed through the power of visualization. For more information, visit marshmclennan.comor continue LinkedIn again X.