Global conflicts drive demand for war risk insurance
22 September 2025 Share Save Padraig Belton Business reporter Share Save
Alina Kalcheva Natalia Grishko's balcony, top right, was badly damaged by the blast from a Russian missile
With conflict continuing in Ukraine and the Middle East, a little-explored global industry has never been more in demand – the war risk insurance market. When a Russian missile damaged Natalia Grishko's apartment in a tower block on the outskirts of Kyiv last November she thankfully was not injured. Mrs Grishko's daughter, Alina Kalcheva, says the missile fell about 100m (328ft) from the building.
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