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EN
Russian Demand for Drone Strike Insurance ‘Goes Through Roof’
['Kyiv Post', 'Stefan Korshak', 'Julia Struck', 'Alisa Orlova', 'Alex Raufoglu', 'Sophie Watson']
Kyiv Post
Russia’s business news site Kommersant reported on Monday that Russian insurance companies recorded a significant increase in inquiries for separate property insurance against the risk from drone attacks.
At the end of October 2023 VSK, Russia’s seventh largest insurance company, was the first to offer separate insurance policies against drone strikes.
That followed June’s “Spidersweb” drone strikes against five strategic aviation bases, one at 4,300 kilometers (2,700 miles) from Ukraine.
Following these and other drone campaigns, particularly against Russia’s energy infrastructure has seen an upsurge in requests for stand-alone drone attack insurance which the majority of VSK’s competitors have responded.
AdvertisementIt is expected that drone insurance will reach 40 billion ($478 million) as the number of drone attacks is expected to see a minimum three-fold growth according to Andrey Tverskoy, Director of Corporate Insurance at Zetta Insurance.
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