SOGAZ CYBER SECURITY (Страхование киберрисков)
SOGAZ CYBER SECURITY (Страхование киберрисков) is a cyber insurance product underwritten by АО «СОГАЗ» (SOGAZ) (SOGAZ Insurance Group (Russia)), available in Russia. It is aimed at micro-companies and sole traders, small and medium-sized businesses, mid-market companies and large enterprises. Coverage limits reach up to Up to RUB 2B (enterprise); SME lower; bespoke.. Policyholders get 1 bundled proactive service — Risk assessment — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of Not rated by AM Best.. It can be approached directly through the provider.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Two-tier product: (1) packaged/boxed product for SME – standardised terms, fast binding; (2) bespoke enterprise product – individual coverage and risk assessment.
- Professional IT security audit included.
- Incident response and investigation.
- Covers hacker attacks, software failures, data theft, BI losses, extortion.
- Third-party liability for personal data breaches.
- Errors-during-IT-migration coverage (reflecting import-substitution transition).
- Best-connected insurer for Russia's state-owned energy, industrial and financial sectors.
Limitations
- Russia-only product; no international coverage.
- Sanctioned by EU/UK/US (AlfaStrakhovanie under EU sanctions Dec 2023; VSK added UK Nov 2024; SOGAZ owns VTB Insurance post-Apr 2025 consolidation).
- No international reinsurance – backed by RNRC only.
- No AM Best or S&P rating for domestic Russian insurers.
- Coverage limited to RUB-denominated policies (from RUB 200M to RUB 2B reported for large risks).
Contact & Response§ 03
Frequently asked questions§ 04
+Who is SOGAZ CYBER SECURITY (Страхование киберрисков) designed for?
SOGAZ CYBER SECURITY (Страхование киберрисков) by АО «СОГАЗ» (SOGAZ) targets micro-companies and sole traders, small and medium-sized businesses, mid-market companies and large enterprises in Russia. Geographic scope: Domestic only..
+What proactive security services are included with SOGAZ CYBER SECURITY (Страхование киберрисков)?
The policy bundles 1 proactive service: Risk assessment. These preventive services are typically included in the premium.
+Does SOGAZ CYBER SECURITY (Страхование киберрисков) help with NIS2 or DORA compliance?
АО «СОГАЗ» (SOGAZ) indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy SOGAZ CYBER SECURITY (Страхование киберрисков) in Russia?
You can approach АО «СОГАЗ» (SOGAZ) directly (https://www.sogaz.ru/corporate/respons/cyberrisks/) or via the provider's website. Compare it with alternatives in Russia on Ryskly first.