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FortuneGuard

AI-driven war risk and political violence insurance for businesses in conflict-affected regions

Underwriting & Risk Startup Seed
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Overview

FortuneGuard is a war risk and political violence insurance platform for businesses and investors operating in conflict-affected regions, particularly Ukraine. The company serves as an intermediary connecting local risk exposures to global insurance and reinsurance capacity through the Lloyd's market.

The platform uses AI-driven risk modeling combined with official government data and open-source intelligence -- including data on weapons fired into Ukraine -- to evaluate and price risk for individual assets. Coverage types include commercial property, business interruption, political violence, and cargo war risk, with capacity of up to USD 500 million per risk.

Founded in 2023, FortuneGuard completed the Lloyd's Lab accelerator program and in January 2025 co-launched the Ukraine War Risk Insurance Facility with Lloyd's broker McGill and Partners and Ukrainian insurer ARX. The facility, backed by A-rated global reinsurance, has facilitated over USD 2.5 billion in coverage quotes and built a pipeline of USD 4 billion.

Products & Services

War Risk Insurance

Commercial property and investment protection against damages caused by armed conflict. Coverage applies to physical assets owned by businesses and investors in conflict zones, with per-risk capacity of up to USD 500 million or more.

Key Features

  • AI-driven risk assessment per submitted asset
  • Official government and open-source intelligence integration
  • Backed by A-rated Lloyd's market reinsurance

Target Users: Businesses and investors with physical assets in conflict-affected regions

Political Violence Insurance

Coverage for damages resulting from riots, civil unrest, sabotage, and other political disturbances. Designed for operations in politically unstable environments.

Key Features

  • Broad trigger definitions covering a range of political disturbances
  • Tailored for cross-border business operations
  • Distribution through Lloyd's broker network

Target Users: Multinational businesses, infrastructure owners, commercial property investors

Business Interruption Insurance

Income protection for businesses whose operations are disrupted by war or political violence events. Covers revenue loss and ongoing fixed costs during suspension periods.

Key Features

  • Revenue loss and fixed-cost coverage during conflict-related shutdowns
  • Coordinated with property coverage for integrated protection
  • Flexible policy structures

Target Users: Businesses with ongoing operational exposures in conflict zones

Cargo War Risk Insurance

Specialized coverage for commercial shipments moving through high-risk zones during armed conflict.

Key Features

  • Protection for goods in transit through conflict-affected corridors
  • Complements commercial cargo and marine policies
  • Short-duration and project-based structures available

Target Users: Logistics operators, exporters, importers

Ukraine War Risk Insurance Facility (2025)

A structured insurance program launched in January 2025 in partnership with McGill and Partners and ARX. Provides standardized war risk coverage with capacity up to USD 50 million per risk, underwritten by Lloyd's syndicates.

Key Features

  • Up to USD 50M per risk capacity
  • Risk evaluation using AI and official projectile/threat data
  • Recognized as Broking Innovation of the Year 2025 by Insurance Insider

Target Users: Ukrainian businesses, international investors with Ukrainian asset exposure

At a Glance

Founded
2023
Headquarters
Kyiv, Ukraine
Employees
1-10
Funding
Seed

Category & Focus

Category
Underwriting & Risk
Subcategories
War risk insurance political violence insurance risk modeling specialty underwriting
Insurance Verticals
Specialty/E&S
Target Customers
Carriers, Brokers, MGAs/MGUs

Customers

  • No named enterprise customers publicly disclosed

Links

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Last updated: 2026-06-03