New risk map helps identify cover regions in Ukraine

Risk advisory and crisis response firm, Inherent Risks has collaborated with Atrium Underwriting to develop an interactive risk map to help users determine where emergency medical, evacuation and personal accident insurance cover is available in Ukraine.

The live map divides the country into risk zones – red, orange and green – allowing organisations and individuals assessing risks, routes and areas of operations in the country to make better informed decisions when it comes to travel risk management and duty of care, and to determine what rate their insurance will cost per day, week or month.

The green zone has been categorised as low to medium risk, giving one low insurance rate for the majority of Ukraine except for within 12km of Russian occupied territory (red zone), or the frontline. The orange zone represents the 12km between the red zone and the green zone, and custom quotes are available for an additional premium which justifies the additional risks within that region.

Hotspot Cover, underwritten by Atrium and Convex, has been covering journalists, humanitarians and security personnel in Ukraine since the conflict with Russia began through war risk policies which covers emergency medical, evacuation, personal accident and dismemberment, and kidnap and ransom.

Will Edlin, head of insurance at Hotspot Cover, said: “From a conduct risk perspective, and an ethical one, providing an affordable insurance solution for organisations entering Ukraine, with a real evacuation capability, has been of utmost importance to us since the very beginning.”

Inherent Risks was one of the first firms to deploy its own staff and capabilities to Ukraine, within just 48-hours of the start of the conflict, and where they have continued to have a presence, including a 24/7 operations centre staffed by multilingual medical assistance and crisis response specialists.

Hotspot, Atrium and Inherent Risks have worked together to assess and monitor the risks, understand insureds requirements, and establish assistance and response plans, enabling Atrium Underwriters to reduce insurance rates in the country where there are reduced risks, as identified within the coloured zones on the risk map.

    Share Story:


Cyber risk in the transportation industry
The connected nature of the transport and logistics industries makes them an attractive target for hackers, with potentially disruptive and costly consequences. Between June 2020 and June 2021, the transportation industry saw an 186% increase in weekly ransomware attacks. At the same time, regulations and cyber security standards are lacking – creating weak postures across the board. This podcast explores the key risks. Published April 2022.

Political risk: A fresh perspective
CIR’s editor, Deborah Ritchie speaks with head of PCS at Verisk, Tom Johansmeyer about the confluence of political, nat cat and pandemic risks in a world that is becoming an increasingly risky place in which to do business. Published February 2022.