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Terrorism risk: what you need to know now

A round up of articles on terrorism, violence and how to help your clients manage these risks

A number of incidents of terrorism and mass violence in the last few weeks have brought the issue of how to mitigate terrorism risk into sharp focus.

In the last week alone:

Many recent terror attacks highlight a trend that observers in the insurance industry have been pointing to for some time: the shift from attacks focused on large scale property damage to attacks where the main goal is physical violence.

Changes in the tactics terror is a good starting point for a discussion with your clients around their risk management plans for this evolving risk.

To get you caught up, here is a reading list of articles from Canadian Insurance Top Broker on terrorism, gun violence, kidnap and ransom, and how to manage these risks.

News and Trends

Aon: coverage needs changing with change in terrorist tactics: The right coverage for mass casualty situations.

JLT: terrorism coverage needs to evolve: Property losses no longer the main driver.

Terrorism insurance purchase subject to familiar biases: Study shows purchasers are highly risk averse.

Column: Digital Vigilantes vs. The Terrorists: The pitfalls of targeting terrorism financing.

 

Risk Management

Terrorism modelling from Aon Benfield

How to plan for an active shooter situation

Kidnap and ransom best practices

Political risk and civil unrest can happen anywhere

For more risk management advice, follow us on Twitter at @citopbroker.