Israel Ministry of Finance Reactivates War Risk Cargo Insurance Program

The Accountant General, Michal Abadi-Boiangiu, announced today (Monday) that the cargo insurance program against war and terrorism risks, operating through the Tax Authority's Compensation Fund, will resume activity starting tomorrow (Tuesday) and has been validated until the end of March 2026. This move comes against the backdrop of the ongoing security emergency and the need to ensure the continuity of Israel's trade and supply chain even under complex conditions.

Since the program's original launch in October 2023, and now even more urgently following "Operation Lion's Roar."

The program serves as an effective government tool to back Israel's maritime and air trade and to prevent severe disruptions in the supply chain, after local and international insurance companies removed coverage for war and terrorism risks.

The scale of the program's use highlights its importance: to date, cargo worth over $1.1 billion has been insured under the framework by dozens of importers and exporters.

Accountant General Michal Abadi-Boiangiu: "In order to provide certainty to the economy, as part of fortifying our economic resilience and against the backdrop of 'Operation Lion's Roar,' we have reactivated the cargo insurance program. Through this program, the State of Israel assists importers, exporters, and Israeli citizens in receiving and benefiting from essential goods arriving from abroad. The program constitutes a national economic layer of protection and has already proven itself as a precise, efficient, and professional tool."

Senior Deputy Accountant General and Head of the Finance Division, Gil Cohen: "The reinstatement and extension of the program reflect systemic responsibility toward the industrial, logistics, and trade sectors, providing government backing that enables ongoing functionality even in times of crisis. This is a calculated macroeconomic step aimed at supporting import and export activities."