FortuneGuard

Cohort: Cohort 13

Focus on Insurance Value Chain/Workflow: Risk Mitigation, Loss Modelling & Analytics, Point of Underwriting

Specific lines of business: Speciality, Government

Founded: 2023

Status: Operating

Company type: Insurance Platform

Head Office: Ukraine, United States

Main global offices: Ukraine, United States

Locations served: Ukraine

Employee count: 3

FortuneGuard focuses on AI/ML-driven war risk insurance solutions, empowering businesses, and investors to navigate complex geopolitical landscapes. By providing tailored insurance products and cutting-edge risk assessment, they facilitate economic development in high-risk regions and enhance investment security.

FortuneGuard primarily focused on developing an innovative War Risk Insurance Facility for Ukraine, providing coverage for commercial properties and investments affected by conflict. FortuneGuard worked closely with leading Lloyd’s syndicates and brokers to design a scalable solution that ensures businesses can operate despite ongoing risks.

During the Accelerator programme, FortuneGuard launched the Ukraine War Risk Insurance Facility.

Updates team want to share: Since launching the War Risk Insurance Facility, FortuneGuard received $1.5B coverage pipeline and 15 quoted assets within the first two months, highlighting the urgent need for War Risk coverage in Ukraine. FortuneGuard are now working on expanding capacity, increasing policy limits and reducing premiums to better support businesses operating in high-risk environments.