The FAS began an investigation of the Russian National Reinsurance Company (RNPC) in connection with the increase in rates for the risks of terrorist attacks, sabotage and UAV attacks, as well as its withdrawal from the Russian Anti-Terrorism Insurance Pool (RAITP). A parallel request was sent to the department by the Presidential Administration.
The FAS claims that since October 1, RNPK's rates and concessions for the risks of terrorist attacks, sabotage and the impact of drones have increased tenfold, while the validity period of contracts has been reduced to 6 months, which has significantly limited business access to insurance protection.
The situation was also complicated due to RNPK's withdrawal from the Russian insurance pool against terrorism. Before that, for 25 years, RATSP operated as the only market mechanism in Russia for collective insurance against the risks of terrorist attacks, sabotage and UAV attacks. After RNPK left the pool, the insurers lost their primary reinsurance instrument.
Currently, there are no alternative options for reinsurance of such risks in Israel.