Insurance as a way of protection against terrorist risks



  • Tatiana Batrova All-Russian State University of Justice, Department of Civil and Business Law, Moscow, Russia
  • Vladimir Zaitsev All-Russian State University of Justice, Department of Civil and Business Law, Moscow, Russia, Russian Academy of National Economy and Public Administration, Department of Higher School of Jurisprudence, Moscow, Russia


terrorist attack, risks of damage, insurance models, circumstances not recognized as insured events, insurance rules


The risks of property losses caused by terrorist activities have not been isolated by insurers for a very long time. The situation has changed dramatically due to the events of September 11, 2001, which demonstrated the need to form a new approach to solving the problem of insurance coverage of damage caused by terrorist attacks. Accordingly, the purpose of this particular study was to determine the optimal model of insurance against terrorist risks. Therefore, several approaches, based on the analysis of Russian and foreign legislation, to solving this problem have been identified. At the same time, reinsurance has become a common mechanism aimed at protecting the interests of insurers, which in most cases is carried out with the participation of the state. However, state resources are formed for these purposes and are used in such cases in different ways. The targeted use of funds is ensured through the use of special funds, the funds of which in some states (France, Israel) are formed at the expense of targeted tax deductions. In addition, differences can be traced in the scope and procedure of State participation in covering the damage caused. In some countries (for example, in Belgium), this obligation arises only if the problem cannot be solved through a reinsurance system.