Insurance of investment risks in the stock market of Ukraine during the war period

Abstract

nvestment risks insurance on the stock market of Ukraine under martial law is an extremely urgent issue, since the stock market is experiencing significant shocks due to economic instability, increased political risks and changes in the regulatory environment. Under such conditions, the need for effective mechanisms for protecting investors’ capital becomes a key factor for economic recovery. The purpose of the study is to analyze existing mechanisms for insurance of investment risks on the stock market of Ukraine during martial law, assess their effectiveness and develop recommendations for improving the system of investors insurance protection. The study uses a systematic approach, which includes methods of system analysis, econometric modeling and comparative analysis of interna-tional experience. The work of domestic and foreign scientists on investment insurance mechanisms under crisis conditions is analyzed. The main hypothesis of the study is that effective insurance of investment risks contributes to the stabilization of the stock market and attracting investments under martial law. The research methodology ncludes an analysis of statistical data on changes in key indicators of the Ukrainian stock market during martial law, a study of the impact of various insurance mechanisms on the investment activity level, as well as an expert assessment of the effectiveness of the proposed insurance instruments. The study systematized the main risks of investing in the stock market during wartime, assessed the effectiveness of existing insurance mechanisms, and proposed a comprehensive approach to minimizing investment risks. It was established that the use of insurance instruments, in particular political risk insurance, currency risk hedging, and force majeure insurance, increases investor confidence in the market. It is proven that the use of international experience in investment insurance can contribute to expanding Ukraine’s investment opportunities. The theoretical significance of the study lies in the gen-eralization of approaches to investment insurance in high-risk conditions, which can become the basis for further scientific developments in the field of financial security. The practical significance of the work lies in the develop-ment of recommendations for improving insurance mechanisms on the Ukrainian stock market, which can be used by government agencies, insurance companies, and investors to minimize risks. The scientific novelty of the study lies in the development of approaches to investment insurance in martial law, which allows reducing uncertainty in the market and promoting economic stability. The main conclusions indicate the need for active involvement of the state and international financial institutions in the process of creating effective insurance mechanisms. Pros-pects for further research include an analysis of the effectiveness of the proposed mechanisms based on empir-ical data and the development of new insurance models that take into account the specifics of military conflict.