WTW Partners with Ukrainian Insurer VUSO to Launch War Risk Insurance for Cargo
Portfolio Pulse from Benzinga Newsdesk
WTW has partnered with Ukrainian insurer VUSO to launch a London market backed facility offering war risk insurance for cargo within Ukraine. This facility, a market first, aims to provide certainty to both Ukrainian and foreign enterprises moving goods overland in Ukraine. The insurance covers cargo and war-on-land risks, operational immediately through VUSO or WTW Ukraine.
May 13, 2024 | 9:52 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
WTW's partnership with VUSO to offer war risk insurance for cargo in Ukraine could enhance its reputation and potentially increase its market share in the insurance sector by addressing a critical need.
The partnership with VUSO positions WTW at the forefront of addressing war-on-land risks in Ukraine, a unique offering that could attract new clients and solidify its standing in the market. This innovative product fills a significant gap in the insurance market, potentially leading to increased business for WTW in a region experiencing heightened risk.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90