The criticism in calculating terrorism risk had been the perception that analysts could not predict human behavior, but a new approach avoids the factor altogether, focusing on the way we communicate.
The property insurance take-up rate for terrorism coverage continues to rise, with 61 percent of companies surveyed by Marsh--a record high--buying the additional protection against catastrophic risk.
The property insurance take-up rate for terrorism insurance continues to rise as 61 percent of companies surveyed by insurance broker Marsh purchased the coverage.
Government supports for terrorism risk insurance are growing globally, although some countries provide no backing, according to a study by reinsurance brokerage Guy Carpenter Inc.
WASHINGTON--Despite claims to the contrary, federal reinsurance of terrorism risk is not working because the government program has crowded out private coverage at the highest tiers, according to a
"However, the losses may significantly impact the terrorism insurance market," he added. "It now seems that the hotels are insured against the peril of terrorism through the Indian terrorism pool, whi
Private insurers are increasingly willing to write aviation insurance for terrorism, and the United States is among a small handful of governments still providing coverage for the risk, Guy Carpenter
The demand for terrorism insurance by companies in the Middle East and North Africa remains low despite a high number of terrorist attacks in the area and a market that is better-equipped to deal with
The demand for terrorism insurance by companies in the Middle East and North Africa remains low despite a high number of terrorist attacks in the area and a market that is better-equipped to deal with