Rising Interest in Terrorism Insurance for Businesses and Individuals Across Russia and Border Regions
From February 2022 through May, demand for terrorism insurance among corporate clients in Russia rose by about 36 percent. The surge is especially pronounced in border areas where interest from residents in securing such coverage is notably strong. This trend is reported by Kommersant, citing analysts from Soyuz Insurance as the data source. The figures point to a growing appetite among firms to protect against the risk of large-scale losses from attacks, a concern tied to recent security incidents and the broader environment of risk in the region.
Meanwhile, market observers describe an even larger uptick in interest among individuals seeking protection against terrorist acts. Depending on the district and region, some forecasts anticipate a 30 to 50 percent rise, with certain border zones potentially seeing increases of 50 to 75 percent. These projections highlight a geographic pattern where proximity to heightened risk correlates with stronger demand for personal security measures and risk transfer solutions.
For corporate clients renewing terrorism insurance contracts, demand growth from February 2022 onward ranges from 30 to 50 percent. In more stable, interior regions, the uptick tends to be modest, around 5 to 10 percent, while border areas report gains reaching half or more of the previous levels. The divergence underscores how perceived risk levels and exposure shape purchasing decisions among businesses of varying sizes and sectors.
A chief driver behind the rising interest is the series of arson incidents, terrorist attacks, and drone strikes reported across the country. Industry representatives note that the possibility of significant financial loss has pushed many manufacturers and industrial operators to reassess their risk management strategies. The focus is on policies that can provide rapid compensation and help stabilize operations in the wake of an attack, reducing the potential impact on supply chains, payroll, and capital expenditures.
In Moscow on May 30, officials reported that after a morning drone attack in the Moscow region, a comprehensive support response was activated. Psychological and social assistance was offered to residents in affected housing, with several families receiving access to counseling services. A subset of residents were relocated to socially secure facilities for temporary housing. As conditions stabilized, those residents began returning to their homes. The event underscores how security incidents can influence consumer and corporate risk perception and drive demand for protective measures and rapid relief resources [Kommersant / Soyuz Insurance analysts].