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.

19 blackouts and rolling outages, making energy instability a structural challenge rather than a short-term disruption. For instance, ongoing Russian strikes have repeatedly disabled large portions of Ukraine’s power generation capacity, prompting emergency shutdowns and reduced grid reliability across multiple regions. The insurance market, as a risk-transfer and risk-management mechanism, is particularly sensitive to such disruptions. Power outages do not only generate direct losses, such as damage to physical assets and business interruption claims, but also reshape the overall risk environment in which insurers operate. Business surveys show that most companies (74%) report disruptions to their operations due to blackouts, which underpins broader economic volatility and potential exposures for insurance portfolios [1]. First, outages significantly affect claims dynamics. Increased incidents of equipment failure, fire hazards, spoilage of goods and business interruption have led to a rise in claim frequency in property and commercial insurance segments. Disruptions to production processes and supply chains further intensify loss events that insurers must underwrite. An unstable energy supply also increases the probability of cascading losses, where one primary insured event triggers multiple correlated claims. A business impact survey in Ukraine highlights that large shares of companies are materially affected by persistent power outages [2]. Second, the financial stability of insurers is challenged by higher loss ratios and increased uncertainty in actuarial calculations. Traditional statistical models often rely on historical data that do not reflect wartime energy disruptions or prolonged infrastructure instability. As a result, insurers face difficulties in accurately pricing premiums, estimating reserves and forecasting long-term liabilities, especially under unprecedented external shock conditions [3]. The dynamic economic environment shaped by power shortages and tariff pressures also underscores uncertainty in future risk projections. Third, operational continuity of insurance companies themselves becomes vulnerable. Power outages can disrupt IT systems and digital platforms essential for claims processing, customer communication and access to centralized databases,