Post by MSIG Specialty Marine

𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗠𝗮𝗰𝗵𝗶𝗻𝗲𝗿𝘆 𝗧𝗵𝗲𝗳𝘁: 𝗔 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝘁𝗵𝗿𝗲𝗮𝘁 𝗮𝗰𝗿𝗼𝘀𝘀 𝗘𝘂𝗿𝗼𝗽𝗲 🏗️ Theft of specialised construction and agricultural machinery has become a systemic, continent-wide challenge, with estimated annual losses of €1.5 billion across Europe.   An often overlooked driver? Western sanctions on Russia have created a high demand for precision equipment that can no longer be sourced through legitimate channels, fuelling organised, coordinated theft of GPS units, tachymeters and surveying instruments from construction sites.   The impact goes beyond replacement costs: nearly half of affected projects face delays of up to a month, budgets are exceeding limits, and insurance conditions are tightening as a result.   Our latest circular explores the drivers behind this trend and the practical steps you can take to protect your assets and your insurability.   #MSIGSpecialtyMarine  #ConstructionInsurance #MachineryTheft #RiskManagement #Europe