RSPP Head Proposes Insuring Against Terror Threats
Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs (RSPP), proposed classifying the terrorist threat as an insurance risk.
Consensus
- Alexander Shokhin, head of the RSPP, proposed classifying terrorist threat as an insurable risk.
- Shokhin stated that not all insurance companies would cover warehouses of companies like Ozon or Wildberries.
- A reinsurance technology is needed to address this issue.
- The Russian National Reinsurance Company, under the Central Bank, is the sole reinsurance company in the country.
- This reinsurance company needs to be recapitalized because it cannot handle the risk on market terms.
- Shokhin called for regulatory changes to allow private security firms to use drones with explosive charges to intercept unmanned aircraft.
Coverage (2 sources)
- Head of RSPC proposed including terrorist threat among insurance risks — Коммерсантъ
- In RSPP proposed to introduce business insurance mechanisms from air attacks — Вести