As an insurance executive, you know that unexpected events can cause major disruptions to businesses and individuals alike. One such event is a government-led internet outage, which can impact messaging apps, social media platforms, and other online services. The recent massive internet outage in Russia is a prime example of this.

According to a report by UAWire.org, Russian authorities attempted to block messaging apps like Telegram, WhatsApp, Discord, and Skype, causing a nationwide disruption. The outage also impacted Wikipedia, Yandex, VKontakte, telecom support services, and mobile banking apps. While the Russian government attributed the problems to DDOS attacks targeting Russian telecom operators, experts believe it was a deliberate attempt to block messaging apps.

As an insurance executive, it’s important to prepare for such events and ensure that your clients are protected. Here are five steps you can take to prepare for internet outages caused by government interference:

1. Assess the Risk: Start by assessing the risk of government-led internet outages in the regions where your clients operate. Look for patterns and trends in past events and consider the potential impact on your clients' businesses.

2. Develop a Contingency Plan: Once you’ve assessed the risk, develop a contingency plan that outlines the steps your clients should take in the event of an internet outage. This plan should include alternative communication channels, backup data storage, and other measures to ensure business continuity.

3. Consider Parametric Insurance: Parametric insurance is a type of insurance that pays out when a specific event occurs, such as a government-led internet outage. Consider offering this type of insurance to your clients as a way to protect them from financial losses.

4. Educate Your Clients: Educate your clients about the risks of government-led internet outages and the importance of having a contingency plan in place. Provide them with resources and tools to help them prepare for such events.

5. Partner with Riskwolf: Partner with Riskwolf to develop parametric insurance solutions for your clients. Riskwolf uses real-time data and dynamic risk modeling to enable insurers to build and operate parametric insurance at scale. With Riskwolf, you can turn real-time data into insurance and provide your clients with the protection they need.

In conclusion, government-led internet outages can cause major disruptions to businesses and individuals. As an insurance executive, it’s important to prepare for such events and ensure that your clients are protected. By assessing the risk, developing a contingency plan, considering parametric insurance, educating your clients, and partnering with Riskwolf, you can help your clients prepare for and mitigate the impact of government-led internet outages. Don’t wait until it’s too late – start preparing today.

To learn more about the recent massive internet outage in Russia, read the full article on UAWire.org.