Re/insurance brokerage giant Marsh McLennan collaborated with the Government of Ukraine in the design and testing of this groundbreaking platform, aimed at aiding the nation in its recovery and transformation efforts.
The data platform consolidates detailed maps documenting war-related incidents in Ukraine, specifically defined as individual events linked to Russian hostilities, such as missile strikes, drone attacks, or shelling incidents, dating back to the Russian invasion in February 2022.
The news Marsh McLennan’s declaration to collaborate with the Ukrainian government, offering pro-bono services to establish a comprehensive data platform. The primary objective is to enable the country to systematically compile and analyse data, facilitating a transparent evaluation of war risks in Ukraine.
The platform serves as a central hub, aggregating data from diverse sources, including the police, military, security services, rescue services, transport services, and various government institutions. The collaborative effort aims to provide a holistic and multifaceted understanding of the prevailing war risks within Ukraine.
According to Marsh, the granular insights into the frequency and nature of attacks are categorised by location over time. Furthermore, it provides detailed information on the types of assets targeted and the extent of damage sustained. This transparency allows for a comprehensive understanding of the impact of the conflict to date and a nuanced evaluation of the prevailing war risk levels.
As per the official announcement, recent data reveals that, up to October 1, 2023, 76% of communities in Ukraine remained unaffected by war-related incidents. In contrast, this percentage was slightly lower, at 66%, since the invasion commenced on February 24, 2022.
Marsh says these figures underscore the substantial progress Ukraine has achieved over the past year. An additional 9% of communities in 2023 are classified as low-incident, having experienced only one war-related event.
A detailed analysis indicates that hostilities have been concentrated in specific Ukrainian communities. Approximately 9% of communities have faced intense shelling, while 6%—located away from the frontline—have been targeted by Russian attacks. The data also reveals that Ukraine has successfully reclaimed 101 previously occupied communities from Russia since the onset of the invasion.
John Doyle, President and CEO of Marsh McLennan, commented: “Today marks 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.”
Oleksiy Danilov, Secretary of the National Security and Defense 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.”
Author: Joanna England
