Proceedings of the International scientific and practical conference ― Education and Scientific Progress‖ (February 13-15, 2026) / Publisher website: www.naukainfo.com. - Manchester, United Kingdom, 2026. - 206 p.

18 FINANCE AND BANKING; TAXATION, ACCOUNTING AND AUDITING UDC 368.1 Dmytro Lomonosov PhD Student Taras Shevchenko National University of Kyiv Kyiv, Ukraine THE IMPACTOFPOWEROUTAGES ONUKRAINE’S INSURANCEMARKET Abstract: This study examines the systemic impact of large-scale power outages on the functioning and financial stability of Ukraine’s insurance market. The research analyzes how energy infrastructure disruptions affect claims dynamics, underwriting practices, actuarial modeling and the operational continuity of insurers, leading to increased loss volatility and heightened exposure to correlated risks. Particular attention is devoted to the classification of blackout-related risks (underwriting, financial, operational, strategic and systemic) and to the adaptive mechanisms implemented by insurers to strengthen financial resilience under conditions of prolonged infrastructure instability. Keywords: power outages, insurance market, risks, financial resilience. Large-scale and repeated power outages caused by damage to Ukraine’s energy infrastructure have become a systemic external shock for the national economy and financial sector, affecting both supply chains and enterprise operations. Repeated attacks on power generation and distribution networks have forced nationwide